USA Funds® has partnered with SimpleTuition,
the independent student loan comparison solution, to offer students USA Funds
Loan Comparison, an interactive tool that helps students and parents make sense
of education financing.
USA Funds Loan Comparison simplifies the process of
selecting a loan by using information provided by the borrower to compare and
analyze student loan options side by side. Students answer a few questions about
their personal borrowing situation and see a list of loan options that make it
easy to compare, analyze and apply for a loan. Results can be sorted by:
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Monthly payment.
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Total cost of the loan.
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Number of payments.
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First payment due date.
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Annual Percentage Rate.
USA Funds Loan Comparison allows schools to create a
customized Web site to have complete control over their lender list by including
any lenders the school chooses.
Schools have the ability to order the lender list based
on their preferences and also can disclose the selection process and criteria
used in generating the lender list. Loans are presented on an independent
platform that displays a transparent and objective lender list, which assists
with compliance of preferred lender list regulations.
Because of USA Funds’ partnership, SimpleTuition charges
no fees to lenders with Stafford and PLUS loans. For private loans, fees will be
charged only to lenders that are SimpleTuition partners.
SimpleTuition is not a lender and does not promote specific
lenders. USA Funds Loan Comparison is a free service to schools and
borrowers.
To learn more about USA Funds Loan Comparison, contact
your USA Funds Services representative.