It’s that time of year again and it makes us all say, "Why did I choose to be in Financial Aid?" All jokes aside, things have certainly changed since I was last in aid back in 2003. The one thing that hasn’t changed is the quality of FA people. This environment has made everyone stronger and wiser. The good news is that tough times don't last, but tough people do. TuitionBids.com is here to help those that help students.

As I introduce TuitionBids.com to FAO’s, there is a recurring theme: This new day is about availability and access. Which lenders are available and to whom will they lend. Referring students to a preferred lender list has become more difficult since you don't know who is coming or going. Yet the responsibility of counseling still remains. It’s important to provide access to lenders that will approve students for loans. In the past, FAO’s had done a great job to seek out the best providers through RFI’s and RFP’s. Since lender participation is fluctuating and legislative changes are so frequent, it is almost impossible to use this method. How do you remain current, provide access and educate students while protecting yourself from scrutiny and the student from predatory practices?

TuitionBids.com is a great answer. It’s very easy: Students complete a five-minute application and TuitionBids matches applicants with up to six lenders that want their business. All lenders provide accurate calculations for the requested loan amount, which are shown at the lowest and highest figures. After the student reviews each lender and chooses the programs that suit them best, they submit the application and wait for the lenders to call with a bid. It’s that easy. Since lenders are competing for the business, this service helps to drive down the cost of loans and increase customer service and awareness to the student.

HERE ARE THE TOP 10 REASONS TO USE TUITIONBIDS.COM WHEN MAKING LOANS AVAILABLE TO YOUR STUDENTS:

• ONE APPLICATION: One 5-minute application leads to multiple lender bids, which saves the student time and money.

• INCREASED APPROVALS: To increase the probability of approval, students report their credit and are paired with lenders that want their business.

• WIDE CREDIT RANGE: TuitionBids.com partners with lenders that will service borrowers from excellent to poor credit and lend to students at over 3,000 schools across the nation.

• LENDER COMPETITION: To help drive down the cost of loans, each lender reveals their lowest and highest figures calculated for the exact amount requested on any loan type:

  • Total Monthly Payment Amount

  • Total Number of Payments

  • Total Loan Cost

  • APR

• ACCURATE INFORMATION: All lender data is updated as quickly as any loan programs have changed.

• CUSTOMER SERVICE: Borrower receives a call from the chosen lenders for up-front counseling and education on loan programs.

• NEUTRAL PLACEMENT OF LENDERS: Lenders are rotated in a neutral, random and unbiased order for each application.

• COST: No cost to the school or the student.

• STUDENT SPECIFIC: TuitionBids.com can be used by students at over 3,000 schools across the nation.

• NO CONTRACT OR SETUP REQUIRED: If your school is already listed, just add us as a link to your financial aid site - www.TuitionBids.com - It’s that easy

Our site is live for ALL loan types and ready for your students to use today!

We look forward to working with you through these tough times. Together we can find the answers.

Sincerely,

Anthony Pizzuti | President of National Sales
TuitionBids.com
(917) 951-6571 Cell
(866) 228-1330 Office
anthony.pizzuti@tuitionbids.com

About TuitionBids.com
Englewood Cliffs, NJ-based TuitionBids.com is the first, free service dedicated to helping students get the best rates on student loans by enabling lenders to bid for their business. TutiionBids.com matches applicants with lenders that want their business. In addition to asking what the borrower needs and wants, the service asks lenders the same questions, making the student loan process more efficient, helping applicants save time and money. It takes just five minutes to fill out an application at TuitionBids.com. Applicants get easy-to-understand feedback on lenders interested in their business, detailing offered interest rates and other key terms. The site is the definitive destination for people seeking information about borrowing money for education and consolidating student loans. For more information, go to www.TuitionBids.com.

Posted 08/18/08 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.