For Students & Parents
You’re here because you’ve explored all other options and still need more money to pay for school. Right? There are some really good private loans out there but in many cases they can be more expensive. Be sure you’ve tapped into all of your scholarship, grant, donation and federal loan programs first. Then, if you still need more, TuitionU is the right place to be.
OK, so after all the grants, scholarships, subsidized and federal loans are lined up, they still aren’t enough. Our collaborative approach to individual, social and community resource programs can help fill the gaps in your college financing plan.
Federal Aid:
The FSA Programs are the largest source of college financial assistance, each year providing billions of dollars in funding through a variety of methods: as gift aid in the form of grants (money that does not have to be repaid) and as self-help aid in the form of work study (job earnings) and loans (money that must be paid back at interest).
Private Loans:
TuitionU offers a quick and easy way for you to evaluate some really good alternative loan options. With connections to hundreds of banks and credit unions across the country, we can provide you with the information you need to make an informed decision.
GreenNote
GreenNote was created to help students achieve their higher education dreams by empowering their social networks. It bridge the gaps in financial support not covered by traditional lending methods. Nobel laureate Mohammad Yunnus and the Grameen Bank showed the world how small amounts of money deployed to the right people for the right purpose can change lives. GreenNote is applying this concept to address one of the greatest challenges faced by today’s students – the rising cost of post-secondary education.
It starts with questions and answers
We ask and you answer. Why? Because when you tell us about yourself, we’re able to focus in on a select group of lenders that offer loan programs which match up with your specific profile. From the state you live in, to your major, the school you attend and even the organizations to which you belong. It all makes a difference.
The search begins
It only takes a few seconds, but it’s worth mentioning what happens. There are loans available from countless banks and credit unions of all sizes, all over the country. Each one of them with different criteria and options, which lead to lower or higher rates. We evaluate all of them against your information, finding your very best options. In the past, many of the finest loan programs went undiscovered because the lenders providing them do not have the marketing budget to compete with the “big boys.” TuitionU has leveled the playing field by making these readily available to you without charging the lenders a penny for the privilege.
The results are in
Your options come in an easy to read and simple to compare list. It highlights the name of the lender, the rate they’re offering and gives you the opportunity to learn more. From there, you can choose to either evaluate your options, print your results, email them to yourself, or to begin the process of acquiring your loan directly with the lender itself.
Why should students use TuitionU.com?
There are literally hundreds of sources for higher education financing that students, schools and parents are unaware of. Many of these are small member owned credit unions and community banks who offer more aggressive rates/terms to people who meet their membership profile. While many of these organizations do provide very attractive student loan programs they simply do not have the budget dollars to compete with the national banks. TuitionU strives to help students, parents and schools discover these (and other) opportunities so families can make a more educated choice when seeking the right loan provider.
What are private student loans?
Private student loans are typically unsecured loans made by a bank or lending institution to an individual to help pay for the cost of an education including tuition, room and board and other education related costs.
How do I choose the right loan?
There are many options available but there are also a few recommended steps you should follow:
1. Determine how much money you need for school and make a plan.
How much have you saved? Have you applied for all the scholarships and grants you can? Have you considered asking family and friends for support before considering taking out a loan?
2. Be sure to fill out the Federal Student Aid Form (or FAFSA) so you can have access to federal student loans.
Always consider using the federal loan programs before seeking a private loan. Perkins, Stafford, and PLUS loans tend to carry lower, fixed interest rates and many times have more favorable terms than alternative loans.
3. If you are still short then it might be time to consider a private loan.
Many private loans have adjustable interest rates and require a co-signer so you should have a good idea of what your credit score is and who might be willing to help (a family member or friend).
