SimpleTuition Debuts Affiliate Program For Organizations Looking To Share Student Loan Comparison Research
Tuesday November 14, 10:27 am ET
Innovative Referral Program Allows Donations to Educational Charitable Organizations

BOSTON, Nov. 14 /PRNewswire/ — SimpleTuition, Inc. (http://www.simpletuition.com), a company dedicated to helping students and parents make sense of education financing choices, today announced the launch of its new Affiliate Partner Program. Available today at http://www.simpletuition.com/friend, the program is open to high school guidance officers, personal financial planners and advisors, as well as professional and student organizations and others that wish to offer objective third-party student loan comparison and research.

As a SimpleTuition Affiliate Partner, organizations that refer parents and students to the SimpleTuition web site for advice will earn a reward for each new visitor that uses the SimpleTuition solution to compare student loans and then clicks through to a lender's loan application site. For non-profit partners and public schools, SimpleTuition is planning to offer the option of donating the referral reward to an educational charity, thereby avoiding any conflicts of interest. A first for referral programs, SimpleTuition is working with leading educational charities, who all share a common vision of helping students and their families attend college, to make this a reality.

"Every year hundreds of thousands of students and parents receive advice and conflicting recommendations from friends, family, co-workers and other advisors about how to best research and manage student loan finances," said Kevin Walker, co-founder and CEO of SimpleTuition. "Since launching SimpleTuition, numerous parents have been telling us how desperate they are for a resource that offers a clear and easy way to understand their student loan options. When they hear of SimpleTuition, they want to tell all their friends. With that in mind, we created the partner program."

According to the recent College Board report, caps for federal student loans are not keeping up with inflation, yet tuition costs keep rising, up 35% from five years ago. With the cost of college at an all-time high — projected to reach $220 billion this year, $86 billion of which will be financed by students or their parents — families nationwide now require multiple loans each year to pay for college. Many are desperate for a clear, concise and easy-to-use resource to help find the best student loan options.

Currently, nearly twenty organizations have already joined the SimpleTuition Affiliate Program. Designed for all types of educational support organizations, partners can choose from three options:

• Partners who want to be able to share student loan information can link directly to SimpleTuition
• Affiliate partners who want to send SimpleTuition applicants (first-time visitors that open a student loan application with one of SimpleTuition's lending partners) receive a referral commission
• Colleges, universities and other organizations can request a customized solution that integrates with their web site

The amount of information on student loans is overwhelming with many different types of loans from various lenders; each with different options, including fees, repayment plans, total loan amount, consolidation options, credit strength scores and FAFSA eligibility in some cases. SimpleTuition allows users to compare multiple financing options from a variety of lenders that can be sorted by monthly payment, total cost of the loan, number of payments, fees and APR. SimpleTuition is not a lender.

About SimpleTuition, Inc.

Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing choices. Recently featured in FastCompany.com's top 12 innovative websites for Web 2.0, SimpleTuition is the only company to offer an independent and objective solution for researching and comparing parent, private, GradPLUS and federal loans. SimpleTuition is headquartered in Boston, Massachusetts and is funded by Atlas Venture and IDG Ventures Boston. For more information visit http://www.SimpleTuition.com.