SimpleTuition Adds Discover Student Loans
Expands Student Loan Options for Students and Parents
NEWTON, Mass. (Business Wire EON) 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
Discover Financial Services (NYSE: DFS) is a leading credit card issuer
and electronic payment services company with one of the most recognized
brands in U.S. financial services. The company operates the Discover
Card, America's cash rewards pioneer. Since its inception in 1986, the
company has become one of the largest card issuers in the United States.
Its payments businesses consist of the Discover Network, with millions
of merchant and cash access locations, and PULSE, one of the nation's
leading ATM/debit networks. For more information, visit www.discoverfinancial.com
or www.discoverstudentloans.com.
About SimpleTuition Inc.
Founded in 2005, SimpleTuition is the leading student loan comparison
site for personalized student loan research. SimpleTuition is dedicated
to helping students and parents make sense of education financing
options. The company offers the leading independent and interactive
solution for researching and comparing multiple Stafford, private, PLUS,
and GradPLUS loans from dozens of 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 Web 2.0 sites. The company also holds awards for exceptional website
development from the Interactive Media Council, Web Marketing
Association, and the International Academy of Visual Arts. SimpleTuition
is headquartered in Newton, Mass., and is funded by Atlas Venture, IDG
Ventures Boston, and North Hill Ventures. For more information, visit www.SimpleTuition.com.
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