eStudentLoan.com Acquired by Goal Financial
16 Febrero 2006 - 10:03AM
PR Newswire (US)
SAN DIEGO, Feb. 16 /PRNewswire-FirstCall/ -- Goal Financial, one of
the nation's largest student loan companies, today announced that
it has purchased eStudentLoan.com from Alloy, Inc. (NASDAQ:ALOYD).
EStudentLoan.com is a Web based interactive student loan
marketplace. Using its proprietary "LoanFinder" engine, visitors to
eStudentLoan.com can receive information about student loans and
easily compare trusted, brand-name loan products side-by-side that
reflect their individual borrowing needs. The loan comparisons
produced by "LoanFinder" are presented in an easy to understand
format that takes the complexity out of student loan borrowing.
That is why more than 90 colleges and universities use its Custom
Loanfinder to help their students obtain loans. "The purchase of
eStudentLoan.com strengthens our business model, which is to
provide students and parents the best solutions to their education
borrowing needs," said Ryan Katz, CEO and Founder of Goal
Financial. "As the cost of higher education continues to increase,
more and more students and parents are looking for information on
education finance and the options they have to pay for college.
Bringing eStudentLoan.com into Goal Financial gives us and our
business partners a valuable site on the Internet to reach those
who are looking for information on student loans." In addition to
purchasing eStudentLoan.com, Goal Financial has entered into an
exclusive relationship with Alloy to provide access to
eStudentLoan.com through certain of Alloy's education-focused Web
sites. Alloy has also licensed to Goal Financial its "College
Scholarship Search" tool. "Alloy is excited to enter into a long
term agreement with Goal Financial to market Goal's products and
services to our customer base. This transaction is great for Alloy,
Goal Financial and students in search of education financing
options," commented Matt Diamond, Chief Executive Officer, Alloy,
Inc. Finally, as part of the sale, eStudentLoan.com President,
Shawn Lindstrom, has joined Goal Financial as its new Director of
Ecommerce, where he will be responsible for implementing Goal
Financial's Web strategies. Katz added, "What differentiates our
lending model from other student loan companies is that Goal
Financial offers multiple solutions to education finance. By
forming partnerships with other lenders, students and parents who
use eStudentLoan.com will be able to find the best lending solution
for their borrowing needs." About Goal Financial, LLC Goal
Financial, LLC is the ninth largest holder of federal student
loans, managing a $6.3 billion loan portfolio for 165,000
borrowers. Goal Financial offers student loan borrowers products
such as Stafford Loans, Parent Loans for Undergraduate Students
(PLUS), private student loans, and consolidation loan products.
Goal Financial has distinguished itself from other student lending
companies through its focus on customers. Its highly trained
Customer Service and Loan Counselors are available seven days a
week to carefully guide borrowers through the sometimes challenging
financial aid and student loan application process. Learn more at
http://www.goalfinancial.net/. About Alloy, Inc. Alloy Media +
Marketing (AM+M), is a media and marketing services company that
primarily targets Generation Y, a key demographic segment
comprising more than 60 million boys and girls in the United States
between the ages of 10 and 24. AM+M is one of the largest providers
of directed media and promotional marketing programs toward this
important demographic. Working with AM+M, marketers connect with
their intended audience through a host of advertising and marketing
programs incorporating Alloy's wide ranging media and marketing
assets, expertise and relationships including direct mail catalogs,
college and high school newspapers, web sites, display media
boards, college guides, and promotional events. For further
information regarding Alloy, please visit our website at
http://www.alloyinc.com/. Contact: Thom Stohler 703-837-1633
DATASOURCE: Goal Financial, LLC CONTACT: Thom Stohler of Goal
Financial, LLC, +1-703-837-1633, Web site:
http://www.goalfinancial.net/ http://www.alloyinc.com/
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