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« Return to News page U.S.News & World Report Selects SimpleTuition to Offer Comprehensive Student Loan Comparison ToolInteractive student loan selection and comparison on USNews.com Newton, MA, April16, 2008 -- U.S.News & World Report, the nation’s leading source of news, analysis, and service journalism, today announced the launch of a new online student loan comparison and shopping tool for its College and Grad sections at www.usnews.com. “Each year, U.S. News helps students and parents navigate the choices in managing their college decision,” said Brian Kelly, U.S.News & World Report’s editor. “One of the most critical parts of the college decision is, of course, the ‘how?’ and ‘how much?’ of financing. With this interactive loan comparison tool from SimpleTuition, we can help empower students and families by providing them with information on dozens of loan options. Just as our college ranking guide helps students make informed decisions about college, the student loan comparison tool assists families with their financing choices.” With the 2008 credit crunch unfolding, student lending options have decreased significantly. As lenders pull back and government aid fails to match the rising cost of tuition, students are struggling to find funding for college and graduate degrees. The U.S.News & World Report loan comparison tool is a resource for students and families looking for lending opportunities, and will provide information on active lenders and their offering terms for federal and private student loans. “The student lending process is tricky this year,” said Kevin Walker, cofounder and CEO of SimpleTuition Inc. “Choosing loans was already confusing to students and parents, and now the credit crunch will cause families to have to scramble around to look for additional borrowing options, either because lenders have left the business or because private student loan lenders have made their borrowing standards harder to meet. We are pleased to be able to help U.S.News & World Report’s readers and website users make efficient and informed decisions despite market turmoil.” The U.S.News & World Report student loan comparison tool, accessible at www.usnews.com will guide student loan shoppers first toward federal student loans. The tool will also provide information on education financing products, including the federal Stafford, PLUS and Graduate PLUS loans, as well as private student loans. Users will be asked a few questions about the amount they want to borrow, where they go to school, and when they need the money. Borrowers can then interact with results from dozens of lenders by changing the loan amount, exploring the impact of discounts offered by some lenders, sorting criteria, such as monthly payments, APR, and total cost of loan, and delving deeply into a point-by-point comparison of loan structures. About U.S.News & World Report About SimpleTuition, Inc. ### Contact:
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