New York, NY (PRWEB) July 10, 2008
New York, NY -- Tuitionbids.com is pleased to introduce a new application to calculate student loans; the Gap Calculator. This innovative tool allows students to discover exactly how much they will need for a student loan based on their existing loans and individual college costs.
To use the Gap Calculator, a student starts by choosing their college. TuitionsBids.com already has enrollment and living costs for thousands of colleges on file. The student then inputs information such as their federal loans, scholarships, and family contribution. After all known variables have been entered, a Gap Analysis is then run to determine the amount they will need for a student loan. This amount represents what is needed to fill the "gap" between what a student has for college, and how much their education will actually cost.
Once the Gap Calculator tells a student knows how much they need for college, they can then apply for a student loan at TuitionBids.com. The loan application process at TuitionBids.com is set up so that students can actually apply for multiple loans using one form. Not only does this save time, but students are able to find the best loan possible for them. TuitionBids.com only works with around 10 lenders, which gives students access to a wealth of financial information without bombarding them with offers from too many lenders. This unique approach to student loans creates a mutually beneficial environment for both the consumer and the lender. Innovations in the loan application process plus unique services such as the Gap Calculator make TuitionBids.com a vital resource for college students nationwide.
TuitionBids.com co-founder and Chief Executive Officer, Keith Alliotts, elaborates on the benefits of the Gap Calculator; "Our Gap Calculator has become an invaluable tool for current and upcoming students. With education costs constantly on the rise, knowing how much students will actually need for the next year is more important than ever. TuitionBids.com is helping to take the guess work out of student loans by estimating how much they'll need and determining the loan that best for them. We feel that students should be concerned with their education, not with how they're going to pay for it."
To learn more about TuitionBids.com Gap Analysis Calculator, please click on the following link:
TuitionBids.com is a privately funded business that started in 2007. TuitionBids.com provides a one stop location for parents, current and future students to learn about the college entry process and most importantly to apply for a student loan. The unique TuitionBids.com process allows you to quickly apply for a student loan, and allows up to 6 lenders to compete for your business. http://www.tuitionbids.com