(COLUMBUS, Ohio)—Ohio Attorney General Mike DeWine announced today the Ohio Attorney General’s Office has developed a comprehensive online Student Loan Center to help prospective, current, and former college students understand and manage student loans.
The Attorney General’s Student Loan Center, available at www.OhioAttorneyGeneral.gov/StudentLoans [http://www.ohioattorneygeneral.gov/StudentLoans ], contains information and resources to explore careers, choose a school, apply for student loans, and repay loans.
“For many Ohioans, getting an education requires taking out loans,” Attorney General DeWine said. “Student loans can help Ohioans get the education they need to reach their full potential, but far too often students leave school with substantial
amounts of debt. The Attorney General’s Student Loan Center provides resources and tools to help consumers make smart borrowing decisions.”
According to the Federal Reserve, Americans owe more than $1.3 trillion in outstanding student loan debt, growing at a rate of more than $2,700 a second. Ohioans are not immune from this national trend, graduating with an average of
$29,090 in student loan debt.
For most students, taking out student loans or applying for scholarships begins with filing the Free Application for Federal Student Aid (FAFSA), available in January each year.
The Attorney General’s Student Loan Center provides tips on how to reduce the cost of attending college. The site also offers two calculators to help students budget their expenses and plan their loan repayment.
For more information, students should visit the Attorney General’s Student Loan Center at www.OhioAttorneyGeneral.gov/StudentLoans [http://www.ohioattorneygeneral.gov/StudentLoans ].