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
"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
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
-- 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
-- Apply for government grants and scholarships which do not require
-- 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.