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« Return to News page Comparing Student Loan Benefits Just Got EasierNELA and SimpleTuition, Inc. Help Borrowers Make Sound Education Loan Choices Seattle, WA, December 11, 2007 — NELA has teamed with SimpleTuition, Inc. (http://www.simpletuition.com/schools) to help students and parents choose student loan lenders that offer borrower benefits that are right for them. SimpleTuition.com, an award winning Web site, is a comprehensive resource that allows students and parents to examine the differences between various loans and lender benefits. “We are excited to team with SimpleTuition and make this exceptional tool available to more schools and student loan borrowers in our region of service,” said NELA Executive Director, Karen deVilla. As its name implies, SimpleTuition is easy to use. After students or parents answer a few questions, the tool presents a list of prospective lenders offering loans that can be sorted by monthly payment amount, total cost of loan amount, number of payments, first payment due date and annual percentage rate. All lender lists contain detailed information about loan pricing, borrower benefits and other important loan benefits. The Compare Student Loans tool offered by Simple Tuition will be accessible through www.nela.net. NELA will also work with Simple Tuition to customize lender comparison information for individual colleges offering NELA-guaranteed loans. Kevin Walker, CEO of SimpleTuition, noted that “financial aid professionals will now be able to better serve families with a user-friendly tool that compares federal student loans.” More About NELA More About NELA Headquartered in Seattle, Northwest Education Loan Association (NELA) is a not-for-profit company that assists students and parents in planning for college and understanding financial aid by providing information, training and outreach activities. For 29 years, NELA has successfully administered the Federal Family Education Loan Program (FFELP), guaranteeing education loans for more than 846,000 borrowers. More information is available at www.nela.net. In 2003, NELA opened the Center for Student Success in Seattle. A second NELA Center for Student Success opened in Portland, Oregon in 2004. These college access centers provide free information, tools, counseling and expertise to build better futures through higher education. For additional information, visit www.centerforstudentsuccess.org. More About SimpleTuition Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing options. 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. The site has been recently featured on Kiplinger’s Best List as the best financial services website for student loans and as one of Fast Company’s Top 12 Web 2.0 sites. The company also holds awards for exceptional website development from the Interactive Media Council and the Web Marketing Association. 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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