SimpleTuition Provides New Way for Students to Understand Debt, Before They Take It On

ST. LOUIS, Sept. 30 /PRNewswire/ -- NACAC -- SimpleTuition, Inc., the premier planning and paying for college destination, today announced TuitionAdjuster, a new tool that provides families unprecedented visibility into the cost of education debt before they commit to it. The new product will be demonstrated here at the conference for the National Association of College Admission Counseling (NACAC). The company also announced today that its TuitionCoach, the leading subscription tool to help families maximize the aid they receive from school, is now free to all users. These products join SimpleTuition's award-winning comparison tool for private student loans to provide the most comprehensive suite of products and resources available to help families plan and pay for college.

"Paying for college is more than just student loans," said Kevin Walker, Co-founder and CEO of SimpleTuition, Inc. "By working with college admissions counselors, we can help high school and college students gain greater insight into how much a college education will cost them, how they can plan for it and the financing available to help them pay. The goal is for them to make a more informed choice for their personal financial situation."  

With SimpleTuition's TuitionAdjuster (now available in beta at www.TuitionAdjuster.com), students for the first time can customize how they pay for college. In three quick steps, students can enter the information from their financial aid award letter, adjust the distribution of aid and calculate an expected monthly loan payment for both students and parents. A slider allows the user to change the parent/student debt distribution and see the results in real-time. This allows students and parents to evaluate their expected education debt by seeing an estimated monthly payment, in much the same way they evaluate other large purchases, such as a car or a home.

SimpleTuition also announced today that its TuitionCoach product, valued at $99, is now available free to all users. Through a range of advice and calculators, TuitionCoach helps students maximize financial aid and minimize the total cost of going to school. Ideal for high school students, the site provides tips on avoiding mistakes in the financial aid process, estimates and analyzes college costs, outlines funding options and helps students improve financial aid offers. On average, users save $5,500 in college costs per year.

Since its inception, SimpleTuition has helped millions of students make smart decisions about student loans with their award-winning student loan comparison tool. With the addition of TuitionAdjuster and a free version of TuitionCoach, SimpleTuition now provides a comprehensive suite of free products that begin earlier in the financial aid process, when decisions have a bigger impact.  

"Too many students are surprised by the size of their student debt when they graduate," Walker points out. "At SimpleTuition, we believe that helping students understand the debt they're getting into before they begin college is critical to their future success."  

About SimpleTuition, Inc.

SimpleTuition is committed to helping students and parents plan and pay for college in a way that fits their budget and makes college affordable. SimpleTuition.com features interactive tools for a personalized approach to understanding the college funding system and available education financing options. Named Best Financial Services Site by Kiplinger's, SimpleTuition is headquartered in Boston, Mass., and is funded by Atlas Venture, Flybridge Capital Partners, and North Hill Ventures. For more information, visit SimpleTuition.com.

SOURCE SimpleTuition, Inc.