Springfield, OH (PRWEB) July 02, 2011
We're happy to announce that CheapScholar.org has partnered with the Overture Student Loan Marketplace to bring its private loan comparison tool to CheapScholar readers who are in need of gap funding for college. Students and families who use the Marketplace through CheapScholar will be able to compare accurate private loan rates and terms from competing local and national lenders in real-time.
“As families sit around the kitchen table and discern the best approach to paying for a college education, one resource that always comes into play is that of education loans,” Doug Schantz, founder of CheapScholar.org said. “After students have exhausted all of their federal loan options, it is sometimes necessary for them to entertain private loans. Keeping this in mind, I am pleased to have CheapScholar.org partner up with Overture Technologies to provide a private loan comparison tool for our students/families.”
The Student Loan Marketplace provides families with an instant comparison of lender rates and terms - not "as-low-as" advertisements – to help them determine how to best pay for college. In 2010, students selected loans within the Marketplace averaging a 6.12% interest rate, far below the national average for private loans.
“Overture gives students the power of choice by allowing them to compare the terms and rates of multiple education lenders all in one convenient location,” Schantz said. “Overture's "One-Stop Shop" approach to private education loans provides a powerful, yet simple, tool for families and students to utilize.”
We look forward to working together with Overture Technologies to help make college affordable for students and families!
CheapScholar.org was founded by Doug Schantz in 2010 and is a nationally recognized resource that provides families and their students with the financial tools, resources and knowledge to assist in their college education search