« Return to News page
SimpleTuition Adds Discover Student Loans
Expands Student Loan Options for Students and Parents
Newton, MA, April 29, 2008 -- SimpleTuition, Inc., a company dedicated to helping students and parents make sense of education financing choices, today announced an agreement with Discover Financial Services (NYSE: DFS) to include its full line of student loan products – Discover Student Loans – among SimpleTuition’s online offerings. Discover Student Loans include federal Stafford, federal PLUS, and private loans that cover the costs of higher education – tuition, housing, books and more.
“As an innovator and driver of change in the financial services market, we saw an opportunity to provide families with easy and affordable solutions to fund school-related expenses,” said Shrikant Dash, Vice President of Consumer Lending with Discover Financial Services. “We researched ways to reach out to students and parents who are seeking student loans and quickly realized that SimpleTuition would be a great resource because of its leadership in the online marketplace.”
Discover provides families with affordable loan choices, including federal Stafford loans with zero fees, federal Parent PLUS and Grad PLUS loans with interest rate discounts, and private loans with zero fees and a 2% cash reward upon graduation. Discover works with schools to certify private loans and disburses funds directly through the school, so families only borrow as much as they truly need. And Discover’s borrower benefits can help families save hundreds of dollars on the total cost of each loan.
“SimpleTuition is committed to offering families a choice when it comes to finding and selecting a student loan financing option,” said Kevin Walker, CEO of SimpleTuition, Inc. “By partnering with Discover, we are able to help families make difficult financial decisions about student loans and offer them solutions that best fit their specific financial need.”
SimpleTuition provides an online resource to help families compare, analyze and apply for student loans. Families can view and use an apples-to-apples comparison for Stafford, Parent PLUS, Grad PLUS, federal consolidation, and private loans. Results can be sorted by monthly payment, total cost of the loan, number of payments, first payment due date and APR, and results contain detailed information about loan pricing, borrower benefits and other attributes. SimpleTuition is not a lender.
About Discover Financial Services
About SimpleTuition, Inc.