SimpleTuition Connects Quarter of a Million Student Loan Borrowers to
Lenders So Far in 2008
Website Has Potentially Facilitated As Much As $1.2 Billion in
Smarter College Borrowing in 2008
ORLANDO, Fla. (Business Wire EON) July 7, 2008 --
SimpleTuition, the leading student loan comparison site for personalized
student loan research, today announced at the National Association of
Student Financial Aid Administrators (NASFAA) conference that the company’s
award-winning website (www.simpletuition.com)
has connected more than 250,000 student and parent borrowers to lenders
year to date in 2008, on target to reach 750,000 for the year from 2
million visitors. In aggregate, year-to-date activity represents nearly
$1.2 billion dollars in prospective borrowing.
“We are very proud to reach this milestone
because it means we are helping, literally, hundreds of thousands of
students and families find the means to pay for college,”
said Kevin Walker, co-founder and CEO. “2008
is an especially confusing year for student and parent borrowers, and we
are glad that SimpleTuition has emerged as a trusted source of
information for so many families.”
Since SimpleTuition’s inception in 2005, the
company has achieved significant milestones:
-
Site visits year-to-date up more than 400% over the same period in
2007.
-
Partnerships with dozens of leading lenders of federal and private
loans.
-
Loan details on more than 75 student loans served across our network
of sites.
-
Named to Kiplinger’s Best List as the
best financial services website for student loans.
-
Recognized as one of Fast Company’s
Top Web 2.0 sites.
-
Partnerships with more than 150 leading educational institutions,
including several Ivy League universities, large state universities
and colleges big and small across the country.
-
Partnerships with leading organizations and companies in related
industries including U.S. News & World Report, College Parents of
America, eLoan, and Peterson’s.
SimpleTuition’s interactive approach to
researching, comparing and selecting federal and private student loans
enables borrowers to make more informed decisions about borrowing
options than was previously possible. Detailed information on loans from
dozens of available top lenders is constantly updated –
a big and valuable challenge in this summer’s
dynamic financial market environment.
“The busiest part of the college season is
just starting – the first tuition bills are
just hitting family mailboxes – and figuring
out how to pay the fall semester bill is something families are tackling
now,” Walker continued. “Because
of dramatic changes in the student loan marketplace, more and more
families are doing their homework and turning to Internet resources to
research loan options. SimpleTuition has experienced record activity to
date and has taken many steps in order to serve this ever increasing
user demand.”
SimpleTuition’s online resource (www.simpletuition.com)
helps students and families make sense of education financing options.
The company offers the leading independent and interactive solution for
researching and comparing Stafford, private, certified private, PLUS,
and GradPLUS loans from dozens of available lenders. Each loan option
can be sorted and compared by monthly payment, total cost of the loan,
number of payments, fees, and lowest and highest APR. No personally
identifiable information or credit scoring is required. To assist high
school guidance officers, personal financial planners and advisors,
schools and partners, SimpleTuition also offers the industry’s
only dedicated web site for certified private student loans, available
at www.CertifiedPrivateLoans.com.
About SimpleTuition Inc.
Founded in 2005, SimpleTuition is the leading education 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. SimpleTuition is
headquartered in Newton, Mass., and is funded by Atlas Venture,
Flybridge Capital Partners, and North Hill Ventures. For more
information, visit www.SimpleTuition.com.
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