alternative consolidate loan student

New Loans Lower Cost of Graduate School in Ohio; Graduate Students ...

CINCINNATI--(BUSINESS WIRE)--July 12, 2006--As of July 1, graduate students are eligible for borrower PLUS loans. The State of Ohio's designated nonprofit student loan lender, Student Lending Works (www.studentlendingworks.org), introduces new Ohio Grad PLUS Loans that provide unmatched benefits and are specially designed for Ohio graduate students.

Student Lending Works is offering Ohio Grad PLUS loans at a fixed rate of 8.5% and a 2.25% interest rate reduction option. Ohio Grad PLUS loans are great alternatives to private loans:

-- With private loans, borrowers cannot consolidate into the Federal loan system.

-- Private loans do not offer flexible payment options.

-- There is no cap on interest rates with private loans, other than state mandates, which can reach as high as 21% or 22%.

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