You may soon feel the squeeze of the College Cost Reduction and Access Act. Students may be facing higher loan fees, lower discounts and difficulty securing student loans for college. Here’s some things you can do to lessen the impact, and make sure you don’t pay more on your student loans:

#1 Compare Your Lender – Then vs. Now
Since most lenders are reducing their discounts and no longer waiving loan fees, you should check out what changes your lender has made – and make sure the changes won’t cost you. Not sure what to look for? Check out our Crash Course web presentation.

#2 Find a New Lender – It’s Your Right!
Before school starts next year, you have the right to find a new lender. Be sure to do your homework and find out if your lender is reducing your discounts, increasing your fees or has just plain stopped offering federal student loans – YOU MAY NEED TO FIND A NEW LENDER!!!

#3 Change Your Lender – How It’s Done
Once you find a new lender, you'll need to officially change your lender for future student loans. Changing your lender is simple. For Ohio students the choice is easy - Student Lending Works.

Step 1: Apply online or go to your school’s website to apply with our lender ID# 834225.

Step 2: Tell your school - If you’re changing your lender, call your school’s financial aid office or use this form and tell them you wish to use Student Lending Works. Our federal lender code is 834225.