Now Families Have Even More Federal and Private Loan Options to Choose From at SimpleTuition.com
Newton, MA and Cleveland, OH, July 11, 2007 -- SimpleTuition, Inc. (http://www.simpletuition.com/), a company dedicated to helping students and parents make sense of education financing choices, today announced a partnership with KeyBank, (NYSE: KEY) one of the nation's largest bank-based financial services companies. As a result, KeyBank federal and private student loans for undergraduates, graduate students and parents are now available through SimpleTuition.com.
"When it comes to something as important as financing an education, KeyBank urges parents and students to explore all of the available loan options," said Daryl Leake, national director of business development for Key Education Resources. "The loan comparison feature available through SimpleTuition.com will help borrowers compare loan products and make the best choices for their financial situation."
Although many students are enjoying the summer break, come August more than 16 million students will be heading off to school. About three-quarters of all full-time undergraduates will realize that they still need some type of financial aid.
"Paying for college is a long-term financial commitment lasting years beyond college graduation, so we believe in giving borrowers a rich range of choices," said Kevin Walker, CEO of SimpleTuition, Inc. "Partnering with KeyBank reinforces our commitment to offering the widest range of student loan choices, empowering the borrower to easily compare, find, and ultimately select the financing option best suited for them."
After users review their choices, SimpleTuition offers direct links to KeyBank where the entire application process can be completed online. Users can sort results by monthly payment, total cost of the loan, number of payments, first payment due date and APR, as well as compare by lender, loan type, fund disbursement, credit sensitivity, minimum and maximum loan amounts, repayment options and borrower benefits. To ensure objectivity, SimpleTuition is not a lender.
About Key Education Resources
Key Education Resources, the education financing arm of KeyBank, is one of the largest education loan providers in the U.S. In business for more than 50 years, Key Education Resources provides federal education loans, private loans, monthly payment plans and education consolidation loans for students and families in K-12, undergraduate, graduate and professional education institutions. For more information, visit www.Key.com/educate.
About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $93 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit http://www.key.com/.
About SimpleTuition, Inc.
Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing options. Recently featured as one of Fast Company's Top 12 Web 2.0 sites, SimpleTuition offers the leading independent and interactive solution for researching and comparing over 100 private, PLUS, Stafford, GradPLUS and Federal Consolidation loans from more than 45 lenders. SimpleTuition is headquartered in Newton, Massachusetts and is funded by Atlas Venture, IDG Ventures Boston and North Hill Ventures. For more information, visit http://www.simpletuition.com/.
