Overture Technologies has announced the development of an online service that will be able to provide a more secure, reliable way for students to shop for private student loans. The Student Loan Marketplace is an innovative education financing tool that can help students and their families learn about and compare loan terms in an open and transparent network of lenders.

Overture plans to launch the service through marketing partners, such as associations of colleges and universities, and with participating lenders. The Student Loan Marketplace is the first multi-lender platform that allows students to review reliable private student loan terms based on their own personal and financial information instead of "as low as" advertisements for rates.

"We built the Marketplace to put students in control of their private loans, giving them unprecedented insight into the details of the loan options available to them," said David Kirby, general manager of Overture Technologies' Education Finance Solutions group. "The Marketplace platform enables reliable comparisons of multiple private student loans in minutes – until now, no resource like this has been available."

To read the full press release, click here.