National Lending Associates Offers TuitionFlex Payment Plan to Schools Using TuitionU.com

New Solution Allows Schools to Offer Students and Families an Option to Pay Tuition Up to 120 Months
SCOTTSDALE, Ariz., Aug. 5 /PRNewswire/ -- TuitionU.com today announced a partnership with National Lending Associates, Inc. (NLA) to offer TuitionFlex(SM), a tuition payment program designed to help schools, colleges and universities provide custom solutions that help students and their families manage tuition costs not covered by student loans and other financial aid.

TuitionFlex enables schools to create a tuition payment plan lasting 12 months or less or extending up to 120 months, whichever best suits a school's individual needs and financial objectives. Schools can take advantage of two flexible product options:

TuitionEase is a short-term, interest-free tuition payment plan designed to let students pay tuition and fees in equal monthly installments over a period not to exceed 12 months.
TuitionExtend provides a long-term payment plan where students can pay tuition and fees over 12 to 120 months with the ability to charge interest.
TuitionFlex is in use by over a dozen schools today and is available to virtually all schools nationwide. Schools can find out more about creating a tailored tuition payment plan by visiting http://www.tuitionu.com/schools.

"TuitionU.com and NLA share a common vision of providing students and their families with low-cost solutions for financing higher education," said Douglas Feist, Chief Executive Officer of NLA. "As financial gaps for students grow larger and options become fewer, TuitionFlex is the perfect way for schools to work with their students to create a solution that works for everyone."

"Paying for college is an increasingly daunting task, as more students are faced with fewer traditional options and less available capital," said Brian Cox, EVP Chief Business Development Officer at TuitionU.com. "TuitionFlex is a powerful new resource for schools seeking innovative and affordable solutions for their students. This new payment plan, combined with TuitionU.com's other low-cost private loans and peer-to-peer lending programs help students meet their entire college funding needs."

The new payment plan is the latest solution to be offered in the TuitionU.com network furthering its mission to provide students, families and schools with access to a community of low-cost college financing resources. This announcement comes as TuitionU.com continues to expand its low-cost private student loan solutions, including not-for-profit credit unions and peer-to-peer lending. Together, these resources are providing hundreds of millions of dollars in education financing to thousands of students nationwide.

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