Private Student Loan Marketplace
In collaboration with Overture Technologies and Prager Sealy, AICUP has worked to develop the Private Student Loan Marketplace in Pennsylvania as a service for families in need of supplementary funding to pay for college. The Marketplace helps students make accurate, detailed comparisons of their loan options and select the lender that fits their needs best.
By helping to make college affordable for students and their families, the Marketplace:
- Lowers the cost of borrowing by allowing students to compare their options side-by-side and select loans based
on the total cost and monthly payments that best fit their needs
- Provides unprecedented transparency as the only website to instantly present the specific loan rates and terms that the borrower would see if he or she applied with each lender directly
- Serves as a tool to help combat students’ use of high-cost sources of funding such as credit cards and drawing fromretirement savings
- Fits seamlessly into the school’s current financial aid processes, including electronic certification and disbursement services such as ELM, etc.
To access the current lender list, click here
To read the testimonies of fellow Financial Aid Officers, click here
To go to the Marketplace, click here
CONTACT: Ben Carey, bcarey@overturecorp.com or 443-910-1974
- AICUP Member Participants: 19
- Cases created through October 2011: 4,334
- Competitive Interest Rates: Average interest rate of 6.08% for loans selected through the Marketplace through October 2011, compared to national average of nearly 10%
Private Student Loan Marketplace
In collaboration with Overture Technologies and Prager Sealy, AICUP has worked to develop the Private Student Loan Marketplace in Pennsylvania as a service for families in need of supplementary funding to pay for college. The Marketplace helps students make accurate, detailed comparisons of their loan options and select the lender that fits their needs best.
By helping to make college affordable for students and their families, the Marketplace:
- Lowers the cost of borrowing by allowing students to compare their options side-by-side and select loans based
on the total cost and monthly payments that best fit their needs
- Provides unprecedented transparency as the only website to instantly present the specific loan rates and terms that the borrower would see if he or she applied with each lender directly
- Serves as a tool to help combat students’ use of high-cost sources of funding such as credit cards and drawing fromretirement savings
- Fits seamlessly into the school’s current financial aid processes, including electronic certification and disbursement services such as ELM, etc.
To access the current lender list, click here
To read the testimonies of fellow Financial Aid Officers, click here
To go to the Marketplace, click here
CONTACT: Ben Carey, bcarey@overturecorp.com or 443-910-1974
- AICUP Member Participants: 19
- Cases created through October 2011: 4,334
- Competitive Interest Rates: Average interest rate of 6.08% for loans selected through the Marketplace through October 2011, compared to national average of nearly 10%