News & Articles About College & University

SimpleTuition Continues to Sign Steady Stream of U.S. College Partners: SimpleTuition Fast Becoming the Resource of Choice to Help Parents and

NEWTON, Mass. (BusinessWire EON) July 9, 2007 -- Financial aid professionals are tasked with helping families navigate the complex landscape of scholarships, work study, loans and other aspects of the financial aid package. SimpleTuition assists financial aid officers by providing families with self-service, user-friendly tools for making these critical financing decisions. Colleges and universities that work with SimpleTuition can customize a site to include information on how the loans featured were selected, providing full disclosure. SimpleTuition, an independently-managed platform, is fast becoming the resource of choice to help financial aid officers deliver this information.

For students entering Alderson-Broaddus College (WV), Coastal Carolina University (SC), Lincoln Christian College (IL), Pacific Northwest College of Art (CA), Spoon River College (IL), University of Alaska Southeast (AL), Umpqua Community College (OR), University of North Dakota (ND), and Wabash College (IN), the process of evaluating and applying for student loans is now much clearer with the help of SimpleTuition.

"Over the last several months, there has been a push for greater transparency with student loan lenders," said Jo Branson, Director of Financial Aid at Spoon River College. "Our ultimate mission is to help our students find and receive the best loans possible to meet their financial situation, which we are able to do by partnering with SimpleTuition. We can now offer families a side by side comparison of loan options, helping students make better informed choices."

SimpleTuition provides an independent, online resource to help families compare, analyze and apply for student loans. Students are able to view and use an apples-to-apples comparison for over 100 loan types including Private, PLUS, GradPLUS, Stafford and Federal Consolidation loans from dozens of lenders depending on which are appropriate to fund higher education on given campus/program. 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.

"We are committed to supporting financial aid professionals across the country in their quest to help families get access to the right resources to make a college education possible," said Kevin Walker, president and CEO of SimpleTuition. "Paying for college is a confusing and overwhelming process for millions of families. SimpleTuition is dedicated to working with our school partners to make the process painless."

About SimpleTuition, Inc.

Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing options. Recently featured as one of Fast Company's Top 12 Web 2.0 sites, 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. 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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