Time to Think About How to Pay for College: Find, Compare and Analyze Student Loan Options at SimpleTuition.com

    NEWTON, Mass., April 12 /PRNewswire/ -- College acceptance letters are
 on their way to millions of students this month. A recent survey by the
 Princeton Review found that for 78% of college applicants, financial aid
 will be "extremely necessary" or "very necessary" to make attendance
 possible.
     "For many families, the right financial aid package can make or break a
 student's dream," said Kevin Walker, CEO of SimpleTuition, Inc., a company
 dedicated to helping students and parents make sense of education financing
 choices. (See http://www.simpletuition.com)
     Borrowing is a reality in many of these packages, and SimpleTuition can
 help families make sense of complex financial aid information with an
 apples-to-apples comparison of more than 50 loans from over 25 student loan
 lenders.
     SimpleTuition, Inc. understands that the costs associated with higher
 education - together with resources made available to cover these costs -
 are a critical factor in making your final college choice. With so many
 different financial aid options available, SimpleTuition recommends that
 parents and students take the time necessary to understand the specifics of
 each award letter before making a final decision. Walker gives these
 examples:
     -- Financial aid packages vary and may include only tuition, fees and room
        and board.  Expenses related to travel, books and materials may not be
        included.  Make sure to consider these legitimate expenses in your
        financing calculations.
     -- Apply for government grants and scholarships which do not require
        repayment.
     -- Offset some tuition expenses with work study, part-time jobs available
        at many colleges and universities.
     -- Students should max out on low interest loans offered by the federal
        government (look for names like "Perkins," "Stafford," "Ford") before
        borrowing from private sources.
     -- Understand the difference between all the various federal and private
        student loan types.  And note that even federal loans may differ from
        one lender to another.
     Another study by UCLA found that one-third of college-bound students do
 not attend their first choice of schools due to cost. As an independent
 online resource, SimpleTuition, Inc. has helped thousands of families
 analyze, assess and apply for the right student loans to meet their
 individual needs. The company currently offers research and comparison
 information for Private, PLUS, GradPLUS, Federal Consolidation and Private
 Consolidation. Results can be sorted by monthly payment, number of
 payments, total cost of loan and annual percentage rate (APR). With direct
 links to a financial institution's online application, the entire process
 can be completed online or via a toll free call.
     For more information visit http://www.SimpleTuition.com.
 
 

SOURCE SimpleTuition, Inc.

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