Ohio's Nonprofit Student Loan Lender Reduces Interest Rate, Launches Programs for Ohio Students and Graduates

CINCINNATI, OH - Students and graduates of Ohio colleges and their parents have an opportunity to consolidate their education loans with reduced interest rates and flexible payment options thanks to Ohio Lending Works, a special program launched this month by Student Lending Works.

In February, the State of Ohio designated Student Lending Works as the Ohio nonprofit agency to serve as an eligible lender of Federal student loans. Through its Ohio Lending Works program, the organization will lower the cost of student loans by offering financing with tax-exempt debt.

With Ohio Lending Works, borrowers in Ohio new have access to low-cost funds, which translates into:

* Choice of benefits/discounts based on individual needs, such as an immediate principal reduction up to 6% or up to 1.5% interest rate reduction after 36 on-time payments.

* Flexible repayment options and terms.

* Fixed interest rates

"This partnership will benefit the entire state," said Jeff Wallace, Director of Marketing & Operations for Student Lending Works, "by helping Ohioans consolidate their loans to a fixed interest rate with the best benefits in the state."

Student Lending Works' status as a nonprofit organization offers other advantages to the state, as well. Surpluses from the student lending activities of Student Lending Works will be reinvested in Ohio for increasing access to better and higher education.

For more information about Ohio Lending Works, call (888) 752-5395 or visit www.OhioLendingWorks.org.

Contact Info:
Elaine Su
Student Lending Works
(513) 354-2922


About Student Lending Works
Student Lending Works is Ohio’s only designated nonprofit provider of student loan consolidation products. The organization’s activities include financing of affordable student loans that provide unmatched choice and benefits. Student Lending Works is a subsidiary of KnowledgeWorks Foundation, one of the leading educational philanthropies in the United States. KnowledgeWorks Foundation and its partners have invested up to $85 million to improve college access and educational opportunities .

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