Overture Technologies and the Association of Independent Colleges and Universities of Pennsylvania (AICUP) Announce the Launch of the Pennsylvania Private Loan Marketplace

Mon, 08 Mar 2010 10:59:04 -0500

Innovative Online Resource Enables Unprecedented Comparison Capabilities for Students, Easy Integration with Existing School Processes, Efficient System for Lenders

The Association of Independent Colleges and Universities of Pennsylvania (AICUP) and Overture Technologies today announced the launch of the Pennsylvania Private Loan Marketplace (http://pennsylvania.privateloanmarketplace.com), an online loan comparison and shopping service available to over 600,000 students attending 140 Pennsylvania private and public institutions of higher education. Prager, Sealy, & Co., LLC, a leading higher education financial services firm, serves as the program manager for AICUP.

In the current lending and regulatory environment, schools are finding it to be more efficient and effective to direct students to an objective loan comparison tool instead of a traditional preferred lender list or an overwhelming list of all active lenders. The Marketplace is the only online service that presents students with upfront, accurate comparisons of rates and terms - not “as low as” advertisements – giving them the information needed to effectively evaluate their available private loan funding options.

“We are excited about the Marketplace and the work of Overture and Prager to bring the Pennsylvania Private Loan Marketplace to the colleges, students and families of Pennsylvania,” said Tim Alexander, AICUP Vice President of Finance and Administration. “By presenting accurate comparisons of private loans, the Marketplace will help parents and students make informed decisions on how to finance their educational expenses and help them affordably attend Pennsylvania’s colleges and universities.”

To read the full press release, click here, and visit the Pennsylvania Private Loan Marketplace at http://pennylvania.privateloanmarketplace.com.

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Overture Technologies and the Association of Independent Colleges and Universities of Pennsylvania (AICUP) Announce the Launch of the Pennsylvania Private Loan Marketplace