Cuts Will Impact Students

The College Cost Reduction and Access Act Changes Student Loans

COLUMBUS, OHIO - Congress just passed The College Cost Reduction and Access Act, which will make substantial cuts to the Federal Family Education Loan Program effective on October 1st.  These cuts will significantly impact students and parents who need student loans, reducing discounts and lessening the choice of lenders, according to Student Lending Works, the State of Ohio’s designated nonprofit provider of student loan products.

“Many lenders will find it unfeasible to offer the same level of benefits and services that nonprofits such as ours can offer,” said Jeff Wallace, Director of Operations and Marketing for Student Lending Works.  “Fortunately, Student Lending Works will be able to continue to provide Ohio students and families with the best discounts available for education loans in Ohio using tax-exempt funding from the State.”

Student Lending Works will also continue its mission as the State of Ohio's designated resource for providing information about student loans. As a non-profit, Student Lending Works is committed to educating and advising borrowers on how to manage their student debt.

Learn more about Student Lending Works, call 1-877-256-0066.

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