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Money

The www.FedPrimeRate.com Personal Finance Blog and Magazine

Friday, September 09, 2005

A New Student Loan Consolidation Player Emerges Out of Ohio

Based in Cincinnati, Ohio, Student Lending Works is a new nonprofit agency that the State of Ohio has designated an "eligible lender" of federal student loans. Student Lending Works is also introducing itself as a new student loan consolidation lender.

How is Student Lending Works different from other student loan consolidators and lenders? Well, according to their recent press release, any extra revenue they generate from their lending and consolidating activities will be used to support education programs, and,
"will support educational improvement initiatives to increase the number and diversity of people who value and access education."
Student Lending Works also offers some unique and interesting benefits like a principal reduction of up to 6% or an interest rate reduction of up to 1.5% after thirty-six (36) timely payments.

In order to do business with Student Lending Works, a borrowers needs to have at least $10,000 in federally subsidized student loans and cannot have any education loans in default.

For more information, visit StudentLendingWorks.org.


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