Credit Sesame and Iontuition Partner to Empower Students to Take Control of their Credit, Loans, and Finances

Students Will Gain Free Access to Credit Scores, Identity Theft Protection, and Programs to Monitor and Manage their Credit and Student Loans – all in One Place

Mountain View, Calif., and Rolling Meadows, Ill. – May 13, 2015 – Credit Sesame, a leading personal finance company focused on helping consumers monitor and manage their credit and loans, and Iontuition the nation’s leading provider of web-based tools to manage student loans, today announced a new partnership that will allow student loan borrowers to effortlessly access, monitor and manage their credit, college loans, and identity protection all in one place – for free. The new product, unveiled today at Finovate, provides a critical solution for a growing population of students and Millennials who are often faced with the overwhelming challenge of managing their credit and loans with limited financial guidance.

More than 40 million Americans are saddled with nearly $1.2 trillion in outstanding student loans, a number that continues to grow. Student loan debt has nearly quadrupled over the past 10 years and over 70 percent of college students reportedly don’t compare lender interest rates before borrowing. Today, the average American student graduates with $29,000 in student loan debt. Recognizing many loan holders are struggling to pay off their debt and better understand their finances, Credit Sesame and Iontuition launched a new service that enables Millennials and college students to learn more about their credit scores, better understand and manage their credit and loans, and protect their identities at one of the most critical times in their lives.

“Credit Sesame is a natural partner for Iontuition because, like us, they aim to empower consumers to make smart financial decisions,” said Balaji ‘Raj” Rajan, CEO at Ceannate Corp., the parent company of Iontuition. “The joint solution is specifically helpful for students and parents with education debt and adds a new dimension of assistance never before provided in the country.”

The new service provides an impressive array of free online tools to help student loan holders, including:

  • Credit tools: Free monthly credit score updates and trends; A monthly credit report card with credit analysis; Credit monitoring with real-time alerts; A credit score simulator; Credit education; and personalized options to improve finances.
  • Loan Tools: Aggregation of all loans including federal and private education loans in one place; Loan and debt analysis and recommendations; Student loan monitoring with email, text, and mobile app alerts; Access to expert student loan counselors; and Intuitive calculators for student loan repayment optimization.
  • Credit and ID protection: $50,000 identity theft insurance; and a toll free call center for identity theft victims.
  • Additional free tools such as College selection and education ROI calculators all designed to help college students and graduates get ahead and improve their financial lives.

“Credit Sesame’s mission is to give everyone a complete picture of their credit and loans, and the tools they need to make smart loan and credit decisions and live richly,” said Adrian Nazari, CEO of Credit Sesame. “Iontution has extensive experience with college students and in the student loan market, and has assembled an amazing set of tools to empower students. Our new combined service gives students an unprecedented power to take control of their credit, loans and finances.”

Credit Sesame is accessible online via web at www.CreditSesame.com and mobile app in the Apple App Store and on Google Play for Android devices. Consumers can sign up for the service in as little as 90 seconds and get their free credit score, free credit monitoring, free loan analysis, free identity protection and now, free federal and private student loan management tools through Credit Sesame.

About Iontuition
A member of the Ceannate group of companies, Iontuition helps students and families take control of their education and finances. Student borrowers use iontuition.com and its mobile app for Apple and Android devices to manage their education loans, interface with expert student loan counselors, and obtain financial literacy content. Core features include a dashboard showing all student loans — federal and private, repayment optimization tools, education loan monitoring alerts, and a college selection and ROI module. Learn more at iontuition.com, facebook.com/iontuition, and twitter.com/iontuition.

Ceannate is a leading business process outsourcing (BPO) company, providing expertise and solutions across the higher education community including colleges and universities, students and alumni, lenders and servicers, and the U.S. Department of Education. Learn more at ceannate.com.

About Credit Sesame
Credit Sesame is the best way for consumers to monitor their credit and score, borrow smartly and protect their identity—all in one place for free. As a personal credit advocate and loan expert, Credit Sesame helps people make smart financial decisions to save money and live richly. In 2010, Credit Sesame assembled an all-star team of engineers, data scientists and serial entrepreneurs with deep expertise in credit, bank-level loan analytics and security to empower consumers with the best financial tools and information to make smart, educated decisions about their finances.

For regular Credit Sesame updates follow us at twitter.com/creditsesame, become a fan on Facebook at facebook.com/creditsesame or visit creditsesame.com.

For more information visit CreditSesame.com, or check out the Credit Sesame mobile app, available for download in the Apple App Store and on Google Play for Android.

# # #

Credit Sesame is a registered trademark of Credit Sesame, Inc. All other trademarks and product names are the property of their respective companies.