SimpleTuition, Inc. (www.simpletuition.com), a company dedicated to helping students and parents make sense of education financing choices, today announced a partnership with KeyBank, (NYSE: KEY) one of the nation's largest bank-based financial services companies. As a result, KeyBank federal and private student loans for undergraduates, graduate students and parents are now available through SimpleTuition.com.
NEWTON, Mass. & CLEVELAND (BusinessWire EON) July 11, 2007 --
SimpleTuition, Inc. (www.simpletuition.com),
a company dedicated to helping students and parents make sense of
education financing choices, today announced a partnership with KeyBank,
(NYSE: KEY) one of the nation's largest bank-based financial services
companies. As a result, KeyBank federal and private student loans for
undergraduates, graduate students and parents are now available through
SimpleTuition.com.
“When it comes to something as important as
financing an education, KeyBank urges parents and students to explore
all of the available loan options,” said Daryl
Leake, national director of business development for Key Education
Resources. “The loan comparison feature
available through SimpleTuition.com will help borrowers compare loan
products and make the best choices for their financial situation.”
Although many students are enjoying the summer break, come August more
than 16 million1 students will be heading off
to school. About three-quarters of all full-time undergraduates will
realize that they still need some type of financial aid2.
“Paying for college is a long-term financial
commitment lasting years beyond college graduation, so we believe in
giving borrowers a rich range of choices,”
said Kevin Walker, CEO of SimpleTuition, Inc. “Partnering
with KeyBank reinforces our commitment to offering the widest range of
student loan choices, empowering the borrower to easily compare, find,
and ultimately select the financing option best suited for them.”
After users review their choices, SimpleTuition
offers direct links to KeyBank where the entire application process can
be completed online. Users can sort results by monthly payment, total
cost of the loan, number of payments, first payment due date and APR, as
well as compare by lender, loan type, fund disbursement, credit
sensitivity, minimum and maximum loan amounts, repayment options and
borrower benefits. To ensure objectivity, SimpleTuition is not a lender.
About Key Education Resources
Key Education Resources, the education financing arm of KeyBank, is one
of the largest education loan providers in the U.S. In business for more
than 50 years, Key Education Resources provides federal education loans,
private loans, monthly payment plans and education consolidation loans
for students and families in K-12, undergraduate, graduate and
professional education institutions. For more information, visit www.Key.com/educate.
About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based
financial services companies, with assets of approximately $93 billion.
Key companies provide investment management, retail and commercial
banking, consumer finance, and investment banking products and services
to individuals and companies throughout the United States and, for
certain businesses, internationally. For more information, visit www.key.com.
About SimpleTuition, Inc.
Founded in 2005, SimpleTuition is dedicated to helping students and
parents make sense of education financing options. Recently featured as
one of Fast Company’s Top 12 Web 2.0
sites, SimpleTuition offers the leading independent and interactive
solution for researching and comparing over 100 private, PLUS, Stafford,
GradPLUS and Federal Consolidation loans from more than 45 lenders.
SimpleTuition is headquartered in Newton, Massachusetts and is funded by
Atlas Venture, IDG Ventures Boston and North Hill Ventures. For more
information, visit www.SimpleTuition.com.
1 National Center for Education Statistics,
Enrollment in educational institutions, June 2007
2 U.S. Department of Education, Student
Financing of Undergraduate Education: 2003–04,
August 2006
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