Student Lending Works Offers 0.25% Interest Rate Reduction On All Loan Products

WEST CHESTER, OH – The state of Ohio’s designated nonprofit lender, Student Lending Works, is offering an immediate 0.25 percent interest rate reduction on all student loan products for those who have their monthly payments continuously automatically withdrawn from a checking or savings account.

Whether it is a consolidation loan, Stafford loan or a Parent PLUS loan, once a qualified borrower’s loan enters and maintains repayment through automatic debit, Student Lending Works will reduce the interest rate by 0.25 percent.

This new benefit increases the maximum interest rate reduction available for consolidation loans to 1.75%, and lowers the no-fee Stafford loan interest rate by 2.25%. The PLUS loan rate is also lowered by 2.25%, in addition to a 3% rebate of the origination fee.

Student Lending Works offers financing with tax-exempt debt for Ohio students, graduates of Ohio colleges and their parents. This special student loan financing provides Ohio students, graduates and parents with opportunities for reduced payments of up to 62 percent, or to significantly reduce loan balances while securing a fixed interest rate.

About Student Lending Works

Student Lending Works is the state of Ohio’s designated nonprofit provider of student loan products. The organization’s activities include financing of affordable student loans that provide unmatched choice and benefits.

###


Company Contact

Elaine Su
Student Lending Works
(513) 354-2922