NEWTON, Mass., July 15 /PRNewswire/ -- Final tuition bills for fall semester began arriving in mailboxes this month, and already the scramble to find available student loans is underway. While the high cost of college -- and the struggle students face in order to cover the costs -- has been a hot topic for many years, this year presents what might be the biggest hurdle of all: a dearth of private student loans.
Experts at SimpleTuition, Inc., the leading student loan comparison site for personalized student loan research, recommend that families take advantage of the lower interest rates available for federal student loans first, but thousands of borrowers still need to rely on private student loans to cover tuition, housing, and other essential costs. And while there were dozens of private student lending products available two years ago, there are only a handful of private student loan options available today, many of which can be found at SimpleTuition.com.
"With the fall semester right around the corner, families are actively looking for ways to cover tuition costs -- but finding the right loan is more difficult today as there are less options to choose from, and lenders are managing loan availability through approved school lists, " said Kevin Walker, CEO of SimpleTuition, Inc. "SimpleTuition serves most of the loans available on the market and filters them by school so families can quickly determine if a lender offers loans to students attending a specific school."
About SimpleTuition, Inc.
SimpleTuition is the leading education loan comparison company for personalized student loan research. Dedicated to helping students and parents make sense of education financing options, SimpleTuition.com is an interactive solution for researching and comparing multiple Stafford, private, PLUS, and GradPLUS loans from dozens of lenders. Named Best Financial Services Site by Kiplinger's, SimpleTuition is headquartered in Newton, Mass., and is funded by Atlas Venture, Flybridge Capital Partners, and North Hill Ventures. For more information, visit SimpleTuition.com.
SOURCE SimpleTuition, Inc.