TUN.comTackles Student Loan Crisis by Helping Students Save Significantly on Everyday Purchases

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TUN.com announced today its plan to save US college students $7.5 billion in 2012.

New York City Interactive Deal Map

“If students make it a point to be deal conscious when they open their wallet, they can save money on practically everything they buy - and we will help them do that,” Corrigan notes.

“The student loan crisis is a hot topic these days with students borrowing more than ever and the heightened chance of loan default given the current economic climate. While we do not have a complete fix for the current student loan crisis, we have created a tool that helps students save significant money, which should translate into them taking out less student loans,” states TUN.com CEO Peter Corrigan.

“In addition to the estimated $375 billion spent on college tuition, room and board last year, college students spent another $69 billion on purely discretionary items, such as entertainment, recreation, clothing and dining out,” Corrigan notes. “Our solution is to help students spend less by educating them about all the deals near them on these discretionary items,” Corrigan adds. To this end, TUN.com has now amassed approximately 30,000 daily deals for college students throughout the country with a goal to save them money on everything they buy.

“If students make it a point to be deal conscious when they open their wallet, they can save money on practically everything they buy - and we will help them do that,” Corrigan notes. For example, students in the New York City area can get 20% off all clothing at Club Monaco, 2-for-1 burgers at Tonic, 25% off all classes at Stepping Out Studios, $15 tickets to the New York City Ballet, free tickets to Julliard performances, and $1 Bud Lights at 1 Republik Lounge. See http://tun.com/nyu/deals. “National brands are also beginning to see the long-term value of providing student discounts to develop brand loyalty,” observes Corrigan. For example, Banana Republic and J Crew offer college students 15% discounts on regularly priced items. College students can save 20% at Ann Taylor and 15% Ann Taylor Loft on all items.

Corrigan points out, “Based on the average monthly college student expenditure of $361 on discretionary items and the typical monthly savings of about $40 that students realize when they use our site, we currently can save students $1.5 billion annually if they regularly consume the deals on our site. The savings can add up quickly with over 19 million students. Our goal is to increase the total available savings five-fold to $7.5 billion before the start of the Fall 2012 class.”

About TUN.com

TUN.com is a series of hyper-local websites that connects students to deals and events around approximately 300 of the largest universities in the US. TUN.com’s interactive map for each university helps students easily locate the daily deals and discounts near them. Unlike the Groupon-type deal sites, TUN.com is not a middleman in the consumer-merchant relationship. Rather, TUN.com is an advocate for students that finds existing deals, and helps create new deals, from merchants committed to helping students.

TUN.com has rapidly grown since its inception in 2010 when it became apparent that students would need all the help they could get to deal with the rising cost of higher education, the challenging job market, the dwindling resources available for parents to tap into, and the larger debt loads. Saving college students money is TUN.com’s core mission.

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Scott Goryeb
TUN.com
917-261-6225
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