Saturday, July 4, 2009

Money & Business

Alpha Consumer by Kimberly Palmer

The Student Loan 'Un-Ad'

April 16, 2008 11:44 AM ET | Kimberly Palmer | Permanent Link | Print

This week's magazine contains a package of articles on paying for college, including one I wrote on the potentially deceptive ways loans are marketed to students. During my reporting, I came across several creative ads that didn't make it into the story, including one from the Student Loan Network that parodied a Super Bowl ad. When I spoke to the creator, Chief Technology Officer Christopher Penn, he called it an "un-ad," and if you watch it below, you'll see why.

So far, over 17,000 people have viewed the ad, which took Penn about half an hour to make. Pretty clever, huh?

Tags: student loans | paying for college

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Reader Comments

Creativity and Hard Work

The Student Loan Network (www.StudentLoanNetwork.com) has been creative in reaching out to students through new media - and Chris has led the way. This ad is one of thousands of initiatives we have undertaken. Some work, some don't.

We are proud that we are using new technology to help students and grow our business. We make every effort to be upfront and transparent.

Thank you for highlighting the positive work Chris has done. His daily updates at FinancialAidPodcast.com and his work on projects like CollegGoalSunday benefit thousands of students like Richard Mondello. We are committed to making sure all employees of the Student loan Network can continue to provide those services into the future.

Joe Cronin, President

StudentLoanNetwork.com

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Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Share with her your own money issues by sending questions to alphaconsumer@usnews.com.

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