AllTuition is the star pupil at Launch conference

AllTuition's new guided financial aid service gets top marks from judges at Launch

AllTuition, which launched a college financial-aid application service, won an informal vote among a high-powered panel of judges at the Launch conference on Wednesday.

AllTuition offers an online application that guides students and families through the process of applying for financial aid, revealing information that is not otherwise readily available such as what part of a college's tuition is eligible for loans and grants, and how aid packages will translate into monthly payments after students graduate.

The products announced Wednesday draw on AllTuition's existing database of student loan providers and their terms.

In her presentation to the judges, recent college graduate and CEO Sue Khim explained that surfing the Internet for loan information usually brings up the most aggressively marketed offerings, which are rarely the best deals for borrowers.

"Because there's so little transparency, people are getting screwed," Khim said.

The service will also save applicants time by allowing them to submit information to several lenders at once. Users pay US$89 to send the information to lenders, but it's free to view AllTuition's information. The user interface evokes that of financial services provider Mint.com. Like tax applications, the paid service includes a check for errors intended to spare would-be students from an appeals process that Khim described as "very difficult."

Khim explained that she and her team went through the financial aid process. "We're also all engineers. We looked at that process and had the same reaction, which was, wow, if there were software engineers doing this, it would be a much easier process."

The judges were Facebook-executive-turned-venture-capitalist Chamath Palihapitiya; Jorge Espinel of News Corp.; Steve Bochner of Wilson Sonsini Goodrich & Rosati; Niel Robertson of Trada; and Greg Tseng of Tagged. They all identified AllTuition as their favorite startup. The company is ramping up at a time when college costs have raised concern among lawmakers about how accessible higher education is for lower-income families.

Cameron Scott covers search, web services and privacy for The IDG News Service. Follow Cameron on Twitter at CScott_IDG.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Cameron Scott

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?