With tremendous scrutiny on the student loan industry, SimpleTuition, Inc. is making it easier than ever for parents and students to make informed education borrowing decisions. Starting today, SimpleTuition has significantly expanded the list of lenders and loans available for consideration via its student loan comparison web site, SimpleTuition.com.
NEWTON, Mass. (BusinessWire EON) May 15, 2007 --
With tremendous scrutiny on the student loan industry, SimpleTuition,
Inc. is making it easier than ever for parents and students to make
informed education borrowing decisions. Starting today, SimpleTuition
has significantly expanded the list of lenders and loans available for
consideration via its student loan comparison web site,
SimpleTuition.com.
“The lesson from the recent student loan
scandals should be that borrowers owe it to themselves to shop around,”
explained Kevin Walker, co-founder and CEO of SimpleTuition. “We
want SimpleTuition to be part of a borrower’s
larger quest for college financing. Whether you select a loan via
SimpleTuition or from another source, this is an important decision and
you should do your homework.”
SimpleTuition is on its way to becoming the industry standard for
evaluating student loan options. At SimpleTuition.com, parents and
students can research more than 100 loan products from nearly 50 leading
lenders. Borrowers can compare loan options on an ‘apples
to apples’ basis, manipulate numbers, change
assumptions, sort by loan attributes – all in
real-time. To access the expanded list of loans, site visitors simply
select “Expanded List”
in the “View Loans From”
feature at the top of the loan results page.
“For more than two years, SimpleTuition has
been pioneering interactive tools to aid students and parents in
understanding their student loan options,”
added Walker. “We are proud of our mission to
be an independent and comprehensive source of student loan data –
and with the addition of dozens of new loan products, we can add ‘comprehensive’
to that list of descriptors.”
SimpleTuition is not a lender, and unlike other online student loan
resources, SimpleTuition is not sponsored or owned by a single lender or
financial services company. Similar to other comparison shopping and
search sites, the company may receive a transaction or referral fee if
any of its many Partner products is selected. SimpleTuition clearly
discloses Partner products, and its expanded model includes dozens of
non-partners for a wider choice. The service is free to users.
Colleges and universities can also work with SimpleTuition to present
compliant and arm’s-length loan information
to their families. Whether a school wants to present three loan options
or two hundred and three, SimpleTuition can help.
Loan results can be sorted by monthly payment, total cost of loan,
number of payments, first payment due date and APR –
and results contain detailed information about loan pricing, borrower
benefits and other attributes.
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 private, PLUS, Stafford, GradPLUS
and Federal Consolidation loans. 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.
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