SimpleTuition Adds Discover Student Loans
29 Aprile 2008 - 3:00PM
Business Wire
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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