May 1, 2009

Cology celebrated its fourth anniversary in April, 2009, and prepares for another exciting peak processing season! The company continues to deliver its promise – connecting organizations that want to lend with individuals that need to borrow for their education. In 2009, that promise will reach a growing number of families in all 50 states – introducing them to lenders that will fund hundreds of millions of dollars in private loans to college students nationwide.

2008 saw a continued decrease in participation by traditional loan providers in education finance. Tightening credit criteria and increased costs further emphasize the challenges facing families as they determine their college financing needs. With rising costs and a weakened economy fueling demand for alternative sources of capital to pay for higher education, Cology scientists returned to the laboratory to develop new innovations that would ensure access to low cost funding solutions for students and families.

The result…on-demand technology enhancements to the company’s core processing system, Volta – and the introduction of the nation’s lowest cost private loan providers in the marketplace today, available through TuitionU.com - Cology’s gateway to a complete network of college finance resources. With over 50 participating lenders for the 2009 processing season, peer lending alternatives available at GreenNote.com (the newest offering in the TuitionU.com network), and new partners emerging from every community – Cology expects to see a 400% increase in its private loan originations from just one year ago.

Contact Cology today. Explore the essential elements of loan origination and product distribution. Let Cology help connect your organization with people who need you most – parents and students looking for college financing solutions! Discover the true meaning of great chemistry!