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PAY NOW Terms and Conditions:

Thank you for choosing to use the Oklahoma Student Loan Authority’s PAY NOW service for making an electronic payment on your student loan account. PAY NOW is a service to process a single payment on your student loan account. The payment is processed as an Automated Clearing House (ACH) withdrawal or debit from your authorized checking or savings account.

The bullet points below provide answers to the most frequently asked questions regarding your participation in PAY NOW:

PAY NOW is used to make single payments on your account or to make additional payments while enrolled in EZ PAY.
Cutoff time for payments is 3 p.m. CT. Payments submitted after the cutoff will be processed the next business day.
OSLA cannot revoke the processing of any withdrawal once the user has verified and submitted the payment.
OSLA will reverse the payment from your account if the ACH payment is returned for any reason.

This Agreement details your responsibilities as a user of this service and provides other information for users of this service.

The Terms and Conditions of this Agreement are in addition to the terms and conditions from the promissory note on your student loan. In this Agreement, the words “The User”, “You” or “Your” mean each person who is authorized to use this service; and “OSLA” means the Oklahoma Student Loan Authority which is the provider of this service, the servicer of your student loan and your designated payee on this electronic payment on your student loan account.

The User understands that by using OSLA’s PAY NOW service, you agree to all terms and conditions in this Agreement. OSLA reserves the right to change the terms and conditions related to PAY NOW. Future use of PAY NOW will constitute your acceptance of any future changes to these terms and conditions.

The User is responsible for designating the checking or savings account from which this ACH withdrawal will be processed. The User agrees to have available and collected funds on deposit in your designated account in amounts sufficient to pay the designated PAY NOW amount. OSLA will reverse any PAY NOW payment off your student loan account if the ACH withdrawal is returned for any reason.

The User is responsible for designating the effective date for this single payment. The payment will be processed on the business day that you designate, provided the PAY NOW request is submitted prior to the daily cutoff time of 3 p.m. CT. A payment submitted after the cutoff time, will be processed on the following business day. If you designate a non-business day (generally weekends and certain holidays) as the effective day of payment, the payment will be processed on the first business day following your designated day.

The User is responsible for designating the payment amount to be processed and applied to your student loan account. The User acknowledges that any payment processed through PAY NOW in an amount less than the current minimum payment due on the designated student loan account will not stop any collection activities that may be necessary.

The User is responsible for designating the student loan account to which this electronic payment will be applied on the designated date.

The User will receive a letter as a confirmation notice on this payment processed through PAY NOW. This confirmation letter will be addressed to your current mailing address from OSLA’s loan servicing system.

The User understands that PAY NOW will process a withdrawal from your designated bank account and that OSLA cannot revoke the processing of this withdrawal once the user has verified and submitted the payment.

The User is responsible for protecting the security of all access devices (account User ID, Passwords, Challenge Questions & Answers, Security Images and Phrases) related to OSLA's PAY NOW and Account Access. The User agrees to keep all access devices and the means to attain these access devices confidential to prevent unauthorized access and unauthorized use of the service. In the event you believe the security of your access devices has been compromised, you should change them immediately and contact OSLA to report the problem.

OSLA will not be liable for any loss or damages related to unauthorized use of PAY NOW or use of PAY NOW that is not in conformity with these Terms and Conditions.

Protecting the privacy and security of your personal information is important to OSLA. We do not disclose any nonpublic personal information about you or our other current or former customers to anyone, except as permitted by law. For example, we share such information with our contractors and agents, and to schools, lenders, loan guarantors and the U.S. Department of Education, as needed to administer your loan in conformance with law. We restrict access to nonpublic personal information about you to our employees who need to know the information, and to our contractors and agents, in order to provide service to you, such as servicing and collecting your student loan. We maintain physical, electronic and procedural safeguards in compliance with federal regulations to safeguard your nonpublic personal information.


	PAY NOW Terms and Conditions: Thank you for choosing to use the Oklahoma Student Loan Authority’s PAY NOW service for making an electronic payment on your student loan account. PAY NOW is a service to process a single payment on your student loan account. The payment is processed as an Automated Clearing House (ACH) withdrawal or debit from your authorized checking or savings account. The bullet points below provide answers to the most frequently asked questions regarding your participation in PAY NOW: PAY NOW is used to make single payments on your account or to make additional payments while enrolled in EZ PAY. Cutoff time for payments is 3 p.m. CT. Payments submitted after the cutoff will be processed the next business day. OSLA cannot revoke the processing of any withdrawal once the user has verified and submitted the payment. OSLA will reverse the payment from your account if the ACH payment is returned for any reason. This Agreement details your responsibilities as a user of this service and provides other information for users of this service. The Terms and Conditions of this Agreement are in addition to the terms and conditions from the promissory note on your student loan. In this Agreement, the words “The User”, “You” or “Your” mean each person who is authorized to use this service; and “OSLA” means the Oklahoma Student Loan Authority which is the provider of this service, the servicer of your student loan and your designated payee on this electronic payment on your student loan account. The User understands that by using OSLA’s PAY NOW service, you agree to all terms and conditions in this Agreement. OSLA reserves the right to change the terms and conditions related to PAY NOW. Future use of PAY NOW will constitute your acceptance of any future changes to these terms and conditions. The User is responsible for designating the checking or savings account from which this ACH withdrawal will be processed. The User agrees to have available and collected funds on deposit in your designated account in amounts sufficient to pay the designated PAY NOW amount. OSLA will reverse any PAY NOW payment off your student loan account if the ACH withdrawal is returned for any reason. The User is responsible for designating the effective date for this single payment. The payment will be processed on the business day that you designate, provided the PAY NOW request is submitted prior to the daily cutoff time of 3 p.m. CT. A payment submitted after the cutoff time, will be processed on the following business day. If you designate a non-business day (generally weekends and certain holidays) as the effective day of payment, the payment will be processed on the first business day following your designated day. The User is responsible for designating the payment amount to be processed and applied to your student loan account. The User acknowledges that any payment processed through PAY NOW in an amount less than the current minimum payment due on the designated student loan account will not stop any collection activities that may be necessary. The User is responsible for designating the student loan account to which this electronic payment will be applied on the designated date. The User will receive a letter as a confirmation notice on this payment processed through PAY NOW. This confirmation letter will be addressed to your current mailing address from OSLA’s loan servicing system. The User understands that PAY NOW will process a withdrawal from your designated bank account and that OSLA cannot revoke the processing of this withdrawal once the user has verified and submitted the payment. The User is responsible for protecting the security of all access devices (account User ID, Passwords, Challenge Questions & Answers, Security Images and Phrases) related to OSLA's PAY NOW and Account Access. The User agrees to keep all access devices and the means to attain these access devices confidential to prevent unauthorized access and unauthorized use of the service. In the event you believe the security of your access devices has been compromised, you should change them immediately and contact OSLA to report the problem. OSLA will not be liable for any loss or damages related to unauthorized use of PAY NOW or use of PAY NOW that is not in conformity with these Terms and Conditions. Protecting the privacy and security of your personal information is important to OSLA. We do not disclose any nonpublic personal information about you or our other current or former customers to anyone, except as permitted by law. For example, we share such information with our contractors and agents, and to schools, lenders, loan guarantors and the U.S. Department of Education, as needed to administer your loan in conformance with law. We restrict access to nonpublic personal information about you to our employees who need to know the information, and to our contractors and agents, in order to provide service to you, such as servicing and collecting your student loan. We maintain physical, electronic and procedural safeguards in compliance with federal regulations to safeguard your nonpublic personal information.