SimpleTuition, Inc., a company dedicated to making sense of education financing choices, today announced that thirteen leading student loan lenders have signed on to offer borrowers their most competitive lending options though ConsolidationComparison.com, a free online comparison tool for federal student loan consolidation options.

For the first time, borrowers can see an objective, apples-to-apples comparison of consolidation loan options from lenders including: Academic Financial Services, College PayWay, Connecticut Student Loan Foundation (CSLF), Educational Direct, FinanSure, The Graduate Loan Center, Nelnet, Inc. (NYSE: NNI - News), Next Student, Inc., ScholarPoint Financial, Inc., Student Lending Works, Student Loan Xpress (NYSE: CIT - News), The Student Loan Processors (TSLP) and Vista Financial, Inc. (VFI). SimpleTuition is not a lender itself.

“ConsolidationComparison.com is designed as a resource for borrowers looking to make intelligent and informed decisions about consolidating student loans and we’re excited to have such strong partners in the mix,” said Patrick Kandianis, Executive Vice President and Co-Founder of SimpleTuition, Inc. “With interest rates about to rise almost 2% on July 1, the race is on to consolidate and lock-in a lower fixed rate, but many students are confused and overwhelmed about how to best do so. At ConsolidationComparison.com, they can quickly research and compare offers from multiple lenders.”

At ConsolidationComparison.com, borrowers simply enter the total amount of loans they wish to consolidate and the site quickly shows all lender consolidation options. The user can then sort their results by payment amount, total cost of the loan or APR. Users choose the best option for their individual needs and the site links them to the financial institution to apply online or via phone.

Federal student loans available for consolidation include: Federal Stafford loans, Federal Direct loans, Perkins loans, as well as the Federal PLUS parent loan.

“Our lender partners offer strong customer service, great benefits and an easy application process,” said Kandianis. “We believe that borrowers will find the information and functionality of the site a beneficial way to learn more about the process and easily connect to the lender of their choice to take advantage of this opportunity to save significantly.”

About SimpleTuition, Inc.

Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing choices. The company’s first product, ConsolidationComparison.com, helps graduates make an informed decision about federal student loan consolidation options. SimpleTuition is headquartered in Boston, Massachusetts and is funded by Atlas Venture and IDG Ventures Boston. For more information visit www.consolidationcomparison.com.

Contact:

KMC Partners Public Relations
Jan Jahosky, 407-331-4699
jan@kmcpartners.com

Source: SimpleTuition

This entry was posted by Taman Siswa on Wednesday, June 14, 2006 at 4:35 pm and is filed under College Loans, Student Loan. Tags: Academic Financial Services, Atlas Venture, Boston, College, College PayWay, comparison tool, Connecticut Student Loan Foundation, Education News, IDG Ventures Boston, loan lenders, Loans, Massachusetts, Nelnet Inc., Online Loan Consolidation Tool SimpleTuition Inc., Patrick Kandianis, ScholarPoint Financial Inc., SimpleTuition Inc., Student, Student Inc., Student Lending Works, Student Loan, Student Loan Processors, Student Loan Xpress, Vista Financial Inc., . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.