Credible Makes Next-Gen Private Student Loan Marketplace Available to Colleges and Universities
Students headed to college this fall will find it easier than ever to discover and compare their private student loan options with multiple lenders when using the next generation of Credible’s industry-leading marketplace.
Significant improvements to Credible’s private student loan marketplace were inspired by feedback from students and parents, and include:
- A guided ‘concierge’ experience designed to help students understand loan features and choose the right loan for their needs
- Contextual and educational prompts explaining unfamiliar financial concepts and terms to students and their cosigners
- Improved forms that help returning clients and mobile users request rates faster
- Customer service automatically conducts a form review to eliminate mistakes and processing errors, reducing calls and emails to school financial aid offices
Since launching its private student loan marketplace, Credible has stood apart from traditional comparison sites that provide generic, “one-size-fits-all” rate ranges. Instead of sending students to individual lender’s sites to request rates, the Credible marketplace generates a dashboard of personalized loan options in minutes, based on each student’s eligibility with Credible’s partner lenders without harming their credit score or sharing their information.
The improved user experience for private student loans launched in June, as demand for fall semester loans begins building toward a seasonal peak.
To help students choose the right loan for their needs, Credible’s student loan marketplace now begins with a “walkthrough” that helps students understand critical loan features, and filter their options by repayment plan, repayment term, and loan type (variable or fixed rate).
Credible’s private student loan marketplace is a trusted resource for financial aid offices at many colleges, and is a preferred partner with a number of state and private school associations. To learn more about how your school’s financial aid office can utilize Credible’s technology to help your students, please visit Credible’s school partner page for more information or to register for upcoming webinars.
Credible is a multi-lender marketplace that empowers consumers to discover financial products that are the best fit for their unique circumstances. Credible’s integrations with leading lenders and credit bureaus allow consumers to quickly compare accurate, personalized loan options ― without putting their personal information at risk or affecting their credit score. The Credible marketplace provides an unrivaled customer experience, as reflected by over 3,500 positive Trustpilot reviews and a TrustScore of 4.7/5.
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