Oklahoma Student Loan Authority Revenue and Competitors

OSLA was created in 1972 as a public trust by the Oklahoma legislature for the benefit of the State of Oklahoma. We receive no appropriated funds from the State for our operating expenses. We pay all expenses from revenues derived from the administration of our education loan programs. Five trustees are appointed by the governor of Oklahoma, with consent of the Senate, serving overlapping five-year terms. OSLA's long-term goal is to continue to provide exceptional customer service for borrowers who have received student loans owned by the U.S Department of Education. OSLA has devoted considerable time, energy and resources to become a federal contractor with the knowledge that our loan servicing product is exceptional and we will provide that service to our new Direct Loan customers.