Alltuition updates the financial aid process, helps you pay for college

Alltuition.com launched today at the Launch conference in San Francisco, hoping to to take make the federal financial aid process more user friendly. The company helps you understand college tuition costs and payment options.

Chances are if you went to college in the United States in the last fifteen years, you filled out a Free Application for Federal Student Aid, or FAFSA, from the Department of Education to get money to pay for your education. It can be a tedious process with pages of questions. Having just gone through myself a few years ago, I remember hating every step of it.

This is what Alltuition is trying to solve. The company’s website walks you through the financial aid process with a much slicker interface than the DOE’s. Alltuition also shows you the actual cost of tuition at the university of your choice, including what financial aid will cover, what you’ll have to take out in loans, and how much money comes out of your pocket. After you leave school, you can continue to use the website to manage your loans.

Alltuition wants to be the “TurboTax of financial aid,” chief executive Sue Khim said today at Launch, where the company presented its idea to a panel of venture capitalists and entrepreneurs.

Filling out your FAFSA and browsing tuition costs are free, but when it comes time to submit forms to the government and each school you are applying to, you’ll pay Alltuition $89.

Alltuition was founded by Sue Khim, Silas Hundt, and Sam Solomon and is in the process of raising funding.