Loan Choices
As the State of Ohio's designated nonprofit lender, we offer low-cost Federal loans that can help you pay for college.
LOAN UPDATE for 2009 – ’10 School Year:
As you may know, multiple student loan lenders have exited the marketplace due to the recent student loan crisis. As a result, Student Lending Works has experienced a dramatic increase in the demand for our loans leading to the depletion of our tax-exempt funding, which is how we typically finance our low-cost loans.
In order for us to continue making loans to you, we have entered into a short-term financing agreement with the U.S. Department of Education to ensure we have adequate funding for loans in the upcoming academic year. Other lenders have entered into these agreements as well. Based on the agreement with the U.S. Department of Education, the only discount they will support is:
 0.25% interest rate reduction for making payments automatically with a checking or savings account.
Although we are currently facing unusual times, we pledge that once our tax-exempt funding becomes available again, you will be among the first in line to receive our superior discounts for the next academic year.
This change will not affect loans you might have previously taken out with us or our commitment to the personalized customer service and individual borrower counseling you can expect to receive from Student Lending Works, the State of Ohio’s designated nonprofit student loan lender.
Stafford Loans
Undergraduate and Graduate Students – Our Federal Stafford Loan help you pay for expenses such as your college tuition, room and board, and other college fees.
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Parent PLUS Loans
Parents – Our Parent PLUS Loans help you pay up to 100% of your dependent, undergraduate student’s college education.
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Grad PLUS Loans
Graduate and Professional students - Our Federal Grad PLUS Loans help you cover the remaining cost of your college expenses.
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