NELA and SimpleTuition, Inc. Help Borrowers Make Sound Education Loan Choices
SEATTLE - December 12, 2007 - NELA has teamed with SimpleTuition, Inc. (http://www.simpletuition.com/schools) to help students and parents choose student loan lenders that offer borrower benefits that are right for them. SimpleTuition.com, an award winning Web site, is a comprehensive resource that allows students and parents to examine the differences between various loans and lender benefits.
"We are excited to team with SimpleTuition and make this exceptional tool available to more schools and student loan borrowers in our region of service," said NELA Executive Director, Karen deVilla.
As its name implies, SimpleTuition is easy to use. After students or parents answer a few questions, the tool presents a list of prospective lenders offering loans that can be sorted by monthly payment amount, total cost of loan amount, number of payments, first payment due date and annual percentage rate. All lender lists contain detailed information about loan pricing, borrower benefits and other important loan benefits.
The Compare Student Loans tool offered by Simple Tuition will be accessible through www.nela.net. NELA will also work with Simple Tuition to customize lender comparison information for individual colleges offering NELA-guaranteed loans.
Kevin Walker, CEO of SimpleTuition, noted that "Financial aid professionals will now be able to better serve families with a user-friendly tool that compares federal student loans."
More About NELA
Headquartered in Seattle, Northwest Education Loan Association (NELA) is a not-for-profit company that assists students and parents in planning for college and understanding financial aid by providing information, training and outreach activities. For 29 years, NELA has successfully administered the Federal Family Education Loan Program (FFELP), guaranteeing education loans for more than 924,000 borrowers. More information is available at www.nela.net. In 2003, NELA opened the Center for Student Success in Seattle. A second NELA Center for Student Success opened in Portland, Oregon in 2004. These college access centers provide free information, tools, counseling and expertise to build better futures through higher education. For additional information, visit www.centerforstudentsuccess.org.
More About Simple Tuition
Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing options. SimpleTuition offers the leading independent and interactive solution for researching and comparing over 100 private, PLUS, Stafford, Grad PLUS and Federal Consolidation loans from more than 45 lenders. The site has been recently featured on Kiplinger’s Best List as the best financial services Web site for student loans and as one of Fast Company’s Top 12 Web 2.0 sites. The company also holds awards for exceptional Web site development from the Interactive Media Council and the Web Marketing Association. SimpleTuition is headquarted in Newton, Massachusetts and is funded by Atlas Venture, IDG Ventures Boston and North Hill Ventures. For more information visit www.simpletuition.com.
Posted 12/13/07 to www.NASFAA.org. Posting of information in Constituent News is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.
