ASLA TEAM Referral & Loan Purchasing Programs

A valuable partnership exists between the Arkansas Student Loan Authority and its participating lenders. We are dedicated to providing efficient service, competitive pricing and streamlined purchase transactions. Maximizing yields, minimizing risk and easing the complexities of the student loan business are the goals we want to achieve for lending institutions.

TEAM Loan Referral Program

Reduced yields and burdensome federal regulations have driven many banks from offering education loans, however, ASLA can provide options, without the administrative burdens, to lenders who want to offer education loans in their communities. ASLA will provide a "turn key" student loan program that includes everything needed to immediately begin offering student loans to its customers. The bank has no tracking or federal reporting responsibilities. This program keeps Arkansas education loans in Arkansas where revenues will be reinvested in Arkansas students. Banks also benefit from meeting CRA (Community Reinvestment Act) obligations.

Click here for the ASLA participating TEAM lender list!

Loan Purchasing Program

The Loan Purchasing Program ensures that funds for education loans will be continually recycled for the needs of future students. ASLA purchases loans from Participating Lenders who are able to reinvest the funds into new education loans. Selling education loans enables the original lender to relieve itself of the costs and risks associated with servicing and collecting loans.