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Colleges Nationwide Sign On to Offer SimpleTuition's Online Student Loan Comparisons
BOSTON – November 15, 2006 – SimpleTuition, Inc. (http://www.simpletuition.com/), a company dedicated to helping students and parents make sense of educating financing choices, today announced that eight leading educational institutions have selected SimpleTuition to help their financial aid officers better assist students and parents in the college financing process.
This year alone, an estimated 10.1 million students will require federal student loans, according to the Department of Education, and each student brings his/her own unique – and sometimes complex – family financial situation. With inquiries to financial aid offices reaching an all-time high, financial aid officers face tremendous pressure to provide parents and students with the best advice and guidance to applicable loans. By offering SimpleTuition, financial aid officers can ensure their students and parents are using the most up-to-date, objective loan information available.
New SimpleTuition partners include: California Maritime Academy, Denison University (OH), Dominican University (CA), Pacific Union College (CA), Sacramento State University (CA), Stanford University Graduate School of Business (CA), University of Alaska Fairbanks (AK) and University of Puget Sound (WA).
“Financial aid professionals do not have the expertise to calculate the best financing option from the diversity of interest rates, fee arrangements and repayment offers that are made,” said Nancy Hoover, Director of Financial Aid at Denison University. “SimpleTuition is this financial aid administrator’s dream come true. Now I can provide a source of expert and current comparative information about multiple lenders – offers to enable students and parents to make comparison of many loans before choosing a financing option.”
“Financing an advanced degree is one of the most crucial factors prospective students must consider,” said Colleen MacDonald, Director of Financial Aid at Stanford University Graduate School of Business. “SimpleTuition offers innovative tools to help students decide which financing options are best for them.”
With a user-friendly interface, SimpleTuition offers a resource to assist financial aid administrators by providing a third party element to help students analyze, assess and apply for student loans. The company currently offers research and comparison information for many loan types including Private, PLUS, Stafford, GradPLUS, Federal Consolidation and Private Consolidation loans that can be sorted by monthly payment, total cost of the loan, number of payments, fees and APR. SimpleTuition is not a lender itself.
“We have been meeting and working with hundreds of financial aid offices all over the U.S. and have found that they are truly aching to help parents and students as best they can but they are simply overwhelmed with questions and needs each year,” said Kevin Walker, co-founder and CEO of SimpleTuition. “Our online solution provides a way for these administrators to be more efficient and objective – helping to alleviate some of the complexities surrounding family financial scenarios.”
About SimpleTuition, Inc.
Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing choices. Recently featured as one of Fast Company’s top 12 Web 2.0 web sites, SimpleTuition is the only company to offer an independent and objective solution for researching and comparing parent, private, GradPLUS and federal loans. SimpleTuition is headquartered in Boston, Massachusetts and is funded by Atlas Venture and IDG Ventures Boston. For more information visit www.SimpleTuition.com/fap .
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Jan Jahosky, KMC Partners Public Relations, 407-331-4699, firstname.lastname@example.org