SimpleFi Featured in NerdWallet's Student Loan Refinancing Marketplace
SimpleFi Makes Higher Education More Affordable and Inclusive with Low Interest, High Approval Refinancing
PALO ALTO, Calif., Sept. 22, 2015 /PRNewswire/ -- SimpleFi, a leader in providing responsible financial opportunity to everyone, today announced it has been featured as a student loan provider on NerdWallet, a free website that gives consumers clarity around all of life's financial decisions. Consumers can now obtain a student loan refinancing quote from SimpleFi through NerdWallet's marketplace, which is powered by Credible.
"Student loan debt has hit an all-time high of nearly $1.4 trillion. With so many confusing options for loans and refinancing, NerdWallet wants to help students make informed financial decisions," said Abbey Stauffer, category manager for student loans at NerdWallet. "Students deserve to be in control of their financial future, and we're thrilled to see that SimpleFi is addressing an unmet need in the marketplace by providing loans to consumers who may not have a top degree or a six-figure income."
SimpleFi's student loans are much more inclusive, while offering significant cost savings, flexible "no hassle" repayment terms and high approval rates. The company establishes a relationship with the borrower and provides one-on-one financial coaching to provide education on how to get out of debt faster and build credit. For those who do not qualify initially, SimpleFi provides a clear path to improve finances and become eligible, rather than a standard rejection. Initially offered as an invitation-only, limited release, SimpleFi student loans are now available to those with a FICO score of 720 and above in California, Colorado, Illinois, and Texas. These loans will be available across the U.S. to consumers of a broader credit spectrum in the fall of 2015.
"The sheer magnitude of student debt is oftentimes the barrier to financial growth, advancement and freedom. New graduates should have the opportunity to access quality housing and affordable transportation but are rendered ineligible by overwhelming student loan payments that persist for up to a decade," said Adam Potter, co-founder and president of SimpleFi. "At SimpleFi our mission is to alleviate debt and encourage financial stability for everyone - beginning right out of college. We feel honored that NerdWallet has recognized our efforts in this area."
Available both direct to consumer and through employers as an employer-sponsored HR benefit, SimpleFi student loans help to alleviate debt and encourage financial stability. To further aid in refinancing and debt relief, consumers can also obtain quotes for SimpleFi student loans through the NerdWallet Student Loan Refinance Marketplace, powered by Credible. Fixed rate student loan refinancing is available for 4.99 percent - 6.99 percent with variable rate loans available in the future.
For additional information on SimpleFi student loan refinancing, visit www.simplefinow.com/studentloans. For additional information on NerdWallet, visit www.nerdwallet.com.
ABOUT SIMPLEFI:
SimpleFi's mission is to financially empower everyone through highly accessible and affordable credit tailored to personal needs, and combined with one-on-one financial coaching and advocacy. The company and its founders believe that access to financial opportunity at fair rates is crucial to a healthy workplace and national economy. Whether it is a student who is burdened with education loans, an employee who is faced with unexpected expenses, or a member of the military trying to improve credit, SimpleFi is committed to the economic good of alleviating personal debt. Based in Palo Alto, California, SimpleFi is privately held and backed by social impact investors and strategic institutional partners. For more information visit www.simplefinow.com.
SOURCE SimpleFi
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