Whats OGSLP and hows it different from my lender?
A. Your lender accepts your monthly payment and processes deferment and forbearance requests. The Oklahoma Guaranteed Student Loan Program (OGSLP) is the designated agency in Oklahoma that insures lenders again default, disability and death of student loan borrowers. The guarantor is available to assist you if you have problems with your loan, and administers loan forgiveness and discharge programs. If you fail to repay your lender, the guarantor will purchase the debt from the lender and will collect the debt from you on behalf of the U.S. Department of Education.
