College Ave Student Loans Refinance Review

College Ave Student Loans Refinance is a student loan refinance offering by College Ave, a bank. Founded in 2014, College Ave offers student loan refinancing in 50 states (and Washington, DC).

What APRs does College Ave Student Loans Refinance offer on its student refinancing loans?

The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. Loans with fixed rates will typically have higher APRs than loans with a variable rate. 

College Ave Student Loans Refinance offers variable rate APRs that range from 2.75% to 7.25%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 3.35% to 7.5% APR.

How much can you borrow via College Ave Student Loans Refinance?

Loan amounts start at $5,000 and go up to $250,000

Does College Ave Student Loans Refinance charge an origination fee?

No, College Ave Student Loans Refinance does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does College Ave Student Loans Refinance charge prepayment fees?

No, College Ave Student Loans Refinance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does College Ave Student Loans Refinance offer?

College Ave Student Loans Refinance provides refinancing loans of 5 to 15 years.

What type of borrowers will College Ave Student Loans Refinance consider?

College Ave Student Loans Refinance considers loans applications from:

• graduate degree holders
• parents of graduates

What do you need to qualify for College Ave Student Loans Refinance?

College Ave Student Loans Refinance does not require or does not disclose a credit score minimum.

College Ave Student Loans Refinance does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via College Ave Student Loans Refinance. Their rates fall within the limits of The Military Lending Act.

What is the estimated funding time for a student loan refinance via College Ave Student Loans Refinance?

College Ave Student Loans Refinance will typically fund loans within 7 and 14 days of approval.