The services offered by SimpleTuition help students pay less for college-related expenses and manage their student debt.
The funds will be used to develop the company’s three core businesses, student loans, textbooks and rewards. It added that it will also invest in product development, marketing and business development.
SimpleTuition chief executive Kevin Walker said, “SimpleTuition continues to find new ways to help students throughout the lifecycle of paying for college.
“This begins before freshman year, when students are planning on how to pay for college, and can extend well beyond graduation when graduates are overwhelmed by student loan payments.
“This funding will help us keep up with the growth that our businesses are experiencing.”
One of SimpleTuition’s backers, Atlas Venture, has recently closed its ninth fund on $265m.
Copyright © 2013 AltAssets