Quatromoney is breaking down the barriers of the “one-year at a time” approach to college affordability. Arming families with transparent, 4-year pricing and personalized calculations on the varied student loan and parent loan options to cover funding gaps can potentially save thousands in interest.
SPRINGFIELD, Mass. (PRWEB) January 29, 2020
Quatromoney, a fintech platform built to help consumers save more on the purchase of college, today launched its v.1.0 with full planning functionality. Quatromoney’s free platform synthesizes college data and family financial information allowing users to calculate and manage real-world college costs in an understandable and non-intimidating format.
Quatromoney allows parents and high school seniors headed to college next fall to easily compare 4 years of pricing and true costs for multiple colleges with just a few simple steps. Savings, cash from income and self-reported credit are factored against the entire college purchase. If borrowing is necessary, Quatromoney displays multiple financing options for families with expected student loan or parent loan costs shown on a monthly payment basis, both during and after school to ensure they are manageable. The platform then provides step-by-step instructions for completing tasks to maximize affordability. Quatromoney also gives insight and guidance for early planners too, with college pricing estimated all the way out to 2034-35 to demonstrate potential savings targets for 529 plans.
“A college education has always been a significant investment of great value. But with some private colleges priced in excess of $75K per year and 4 year publics at $21K in-state, $38K out of state on average, understanding the costs and how to manage them becomes more important than ever before,” said Pat Kandianis, Quatromoney’s CEO & Co-Founder. “We believe that every dollar counts. Demonstrating that a $1 paid in college from savings and cash avoids an additional $.50 in student loan costs is part of what we are all about. Showing that certain financing pathways are significantly more expensive, or cheaper, than others is also core to our mission.”
Quatromoney is breaking down the barriers of the “one-year at a time” approach to college affordability. Arming families with transparent, 4-year pricing and personalized calculations on the varied student loan and parent loan options to cover funding gaps can potentially save thousands in interest and fees. Saving time and reducing the stress of the process with valuable financial aid content, insights and advice is also part of the platform benefit. Learn more at http://www.quatromoney.com
Knowledge is power. Quatromoney’s founders have spent 50+ years focused on college students, financial aid and smart financing. We built this platform because the current "one-size-fits-all" paying for college process does not take into account a family's unique financial position. We do. Learn more at http://www.quatromoney.com or follow us on Twitter https://twitter.com/QuatroMoney, on Facebook @ https://www.facebook.com/quatromoney & Instagram @ http://www.instagram.com#quatromoney