SimpleTuition – Save Time and Money By Comparing Student Loans
SimpleTuition is similar to a search engine which will let you compare student loans in return will save you money and time. SimpleTuition only needs your school name, how much money you need and your graduation date. From the information that you provided, Simple Tuition will give you a list of student loans that matches you. The returned results will include the name of the loan provider, the monthly payment, how much will the loan cost you, number of total payments, interest rate and the due date of the first payment. From there, you can compare student loans and find the best one that will fit you.
SimpleTuition is basically a comparison shopping tool, but for student loans. By comparing student loans, you will be able to find the best loan possible.
SimpleTuition is not just a simple compare student loans search engine. The site also provide guides to help students pay for their college. SimpleTuition call this feature “Tuition Coach” which is free . This feature is similar to a financial consultant which could cost you as much as $1000 for similar information.
- Let’s you search and compare student loans
- Tuition Coach – similar to a financial consultant
- Lots of college guides to help students with their financial needs
Why Compare Student Loans?
Finding student loans is easy because everyone wants your business. The problem is, it’s a bit difficult to find the best student loan for you. Each loan is different as each student loan has it’s advantage and disadvantages. You need to have every student loan in front of you and compare the cons and pros of each student loans. This is a bit of a hassle if you are doing this on your own, but it’s no problem with SimpleTuition.
By comparing loans, you will be able to save a ton of money. If you aren’t comparing your student loans, you could be losing a ton of money because of the higher interest rates of some loan provider.
Federal Loans Vs Student Loans
Federal loans will always offer lower interest rates and relaxed repayment options. This means that Federal loans is always better than student loans and there is no need to compare the two.
Make A Plan To Pay Off Student Loans
The best way to get rid of your student loans is to make a plan and make your payments. Do not hang on to that money for a retirement or an emergency fund. You should get organized and automate your payments so you can forget about them. You can get a student loan consolidation if you have a few lenders, but it’s not needed if you are organized. Student loan consolidation is taking one or more student loans and converting them into one loan with a fixed interest rate and one payment.
You should make a spreadsheet with all of your student loans, their balance, interest rates, and monthly payments. Always be organized with your student loans. You can then set up automated monthly payments for each student loans. You will be able to set them up at the loaner’s website.
Setting up automated payments is important as some student loans will offer you an interest rate reduction for having auto pay enabled. You will also be able to forget about remembering to pay your loans each month.
You Need To Make Your Payments
Paying your student loans is a big deal. If you do not pay your student loans, your credit score will go down. The bank will also send your information to collection agencies that will bother you with calls and letters until you decide to pay. You can also be taken to court and a judge will be able to collect the money from your wages.
Just make sure to pay your student loans as it could get really bad for you. Hold back on spending the money on fun or saving it for retirement and pay back your student loans. Paying off your loans is a huge accomplishment which you will feel relieved once it’s paid off.
Final Thoughts On SimpleTuition
I think of SimpleTuition as a search engine for student loans. You will be able to get all of the student loans available to you and from there, you will be able to compare and find the best student loan for you. This will save you a ton of money with a little work involved.You can find and compare student loans on your own, but it’s very time consuming so it’s not worth the time doing it on your own. Just stick with SimpleTuition if you plan on comparing and finding the best student loans.