What Is Simple Tuition And How Can They Help You Save Money On College?
SimpleTuition is an Internet-based service that compares various student loans offered by federal and private lenders. It offers advice about each loan. Some of the criteria for comparison include the terms and conditions of the loan such as repayment period, repayment method, interest rate, etc. Based on these factors you can choose which loan to choose.
One of the factors that determine which loan you qualify for is your credit score. Unfortunately, SimpleTuition doesn’t offer you the ability to check your credit score from the site. However, this isn’t necessarily a bad thing. Frequent checking of your credit score can have a negative effect on it, so you should have a good reason before you do decide to check it. The loans offered are not based on your financial data; they are based on your biographical information, so checking your credit score doesn’t help much either way.
The unfortunate thing though is that since the loan data is available based on your biographical information instead of financial background, the actual rates of the loans are not 100% accurate. So this means that you only find out the true rates after you have signed up for a particular loan.
SimpleTuition also has a service called ValoreBooks which enables you to compare the cost of various brand new and used books, as well as e-books so that you can find the most affordable option for you. The service also allows you to resell your books to others so that you can recoup some of your money.
There’s also a rewards service which you can enroll for through SimpleTuition which allows you to earn rewards on the money you spend on a day to day basis. These rewards can then be used to make some extra payments on the student loan of your choice.
Taking all these facilities into consideration, SimpleTuition is a service that you should seriously consider signing up for if you’re in need of a student loan. The service can help you find a loan that’s most suitable for you. It can also help you save money on books and offer you a chance to make some extra, reward-based payments towards your student loan, which can save you money.