As the ''Gap Financing'' Scramble for College Tuition Skyrockets, SimpleTuition, Inc. Delivers a Powerful Loan Comparison Solution for Students and Parents; Company Launches Online Resource for Researching and Comparing Private and GradPLUS Loans.

BOSTON -- With less than two months to go before the 2006-2007 academic year begins, college students and parents across the nation are scrambling to determine how to fill the financial gap between any aid, scholarships or federal loans they've been awarded and the final cost of their annual tuition and fees.

Dubbed "gap financing", the amount of dollars students and parents must cover after receiving their full financial aid package and adding any personal savings is on the rise. The size of the "gap" in paying for higher education is projected to reach $35.7 billion(1) for the 2006-2007 school year.

SimpleTuition, Inc., a company dedicated to helping students and parents make sense of education financing choices, today launched SimpleTuition.com, an online solution that allows both students and parents to easily research and compare private loan options or GradPLUS loans, the new federal loan option for graduate and professional students, from multiple lenders. The ability to research and compare other common student loan products will launch later this fall.

Many students and parents are not aware of or and do not understand all the financing options available to them. The task to search for financing to meet this gap can be daunting. There are many different types of loans available to both parents and students from various lenders, each with different options including fees, repayment plans, total loan amount, consolidation options, credit strength scores and FAFSA eligibility.

"For many, personal savings, grants and scholarships are no longer enough to cover college expenses. Supplemental loans are necessary to bridge the financial gap and come in many different flavors - different brands, different repayment lengths, different borrower benefits, different application processes, different APRs. Comparing those options can make for a confusing decision process," said Kevin Walker, co-founder and CEO of SimpleTuition. "Our new loan comparison solution for both private and GradPLUS loans lets students and parents make sense of the options available and ultimately find the best supplemental loan for their situation."

To compare loan options, simply select the type of loan to compare and enter the estimated gap amount required. The online solution will provide multiple financing options from as multiple lenders. Options can be sorted by monthly payment, total cost of the loan, number of payments, fees and APR. Visitors choose the best option for their individual needs with links to the financial institution to apply online or via phone. SimpleTuition is not a lender.

(1)Projection based on average unmet need using data from the National Postsecondary Student Aid Study (NPSAS), a comprehensive nationwide study designed to determine how students and their families pay for postsecondary education

About SimpleTuition, Inc.

Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing choices. The company's first product, ConsolidationComparison.com, helps graduates make an informed decision about federal student loan consolidation options. SimpleTuition is headquartered in Boston, Massachusetts and is funded by Atlas Venture and IDG Ventures Boston. For more information visit www.SimpleTuition.com.