Student Loan Servicing

What type of loan do I have?
>> Direct Loan Resources  - Your account number begins with F or 8 and followed by 9 numbers. Example: F800112200
>> FFELP Loan Resources  - Your account number begins with a zero with no alpha characters. Example: 012345678
 Skip Navigation LinksHome > FFELP Resources > Default Aversion > Understanding Repayment > Repayment Options

You are responsible for paying back
your student loan in a timely manner.

If you received a student loan, you are responsible for paying it back in a timely manner regardless of whether you graduated and received a degree or not. For parents with PLUS loans, even if the student for whom you obtained the PLUS Loan is unemployed or has not graduated, you are still required to repay the loan.

Almost everyone goes through a difficult financial time and sometimes it just takes a little bit longer to get established after leaving school. OSLA will work with you to help you avoid defaulting on your student loans.

Following is an overview of repayment options for OSLA serviced loans. There is no penalty for early repayment under any of our payment options. To discuss your situation, please contact an OSLA Customer Service Expert.


This is a level payment plan with regular interest and principal payments due each month. The minimum payment is $50 a month, but may be more depending on the amount borrowed. The loans have a maximum repayment term of 10 years. This type of repayment schedule is highly recommended to all who can budget a level loan payment on a monthly basis and may result in paying off the loan faster.