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  College Ave Student Loans

Best Of Product

College Ave Student Loans
in Private Student Loans from College Ave
Claimed

College Ave Student Loans

Claimed
in Private Student Loans from College Ave
Net Recommendation Score -100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

0 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating

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Loan Amount Starting at $1,000
Fixed APR 4.39% - 12.99%
Variable APR 1.24% - 11.98%

College Ave Student Loans Review

College Ave Student Loans is offered by College Ave, a marketplace lending platform founded in 2014 and based in Wilmington, DE. College Ave Student Loans are available in 50 states (and Washington, DC).

College Ave Student Loans FAQ

What rates does College Ave Student Loans offer for in-school private student loan?

College Ave Student Loans has a variable APR that ranges from 1.24% up to 11.98%.

It offers a fixed APR that ranges from 4.39% up to 12.99%.

Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.

How much can you borrow from College Ave Student Loans?

Available loan amounts may vary by applicant but College Ave Student Loans has a minimum loan amount of 1K

Does College Ave Student Loans charge an origination fee?

No, College Ave Student Loans 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 charge prepayment fees?

No, College Ave Student Loans 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 offer?

College Ave Student Loans provides repayment terms ranging from 5 to 15 years.

What type of borrowers will College Ave Student Loans consider?

College Ave Student Loans considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students

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

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

College Ave Student Loans does not have or does not disclose a minimum annual income eligibility requirement. College Ave Student Loans only considers borrowers who are employed.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by College Ave Student Loans.

Is College Ave a legit company?

College Ave was founded in 2014, it is a well-established company that has been in business for 9 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

College Ave Student Loans Disclosure: College Ave Student Loans products are made available through either Firstrust Bank, member FDIC, or The Middlefield Banking Company, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. 1As certified by your school and less any other financial aid you might receive. Minimum $2,000. 2The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. 3This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.5% variable Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $154.95 while in the repayment period, for a total amount of payments of $16,224.78. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. 4This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% variable Annual Percentage Rate (“APR”): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Our Editor

What We Love About College Ave Student Loans

Getting student loans can be stressful, but it doesn’t have to be. There are many great things about College Ave Student Loans that could make it a great choice to consider. We love that it offers competitive single-digit interest rates. Additionally, you won’t have to worry about paying application fees or origination fees. The repayment terms are customizable and flexible, as well. The application process is relatively simple and easy to understand, which is also nice.

All types of student loans are available through College Ave Student Loans, including parent loans and refinancing. You’ll find competitive rates, and students can borrow up to the full amount of the school-certified cost of attendance. The application process is simple, and you can manage the loans around the clock online thanks to the self-service program.

What College Ave Student Loans Could Do Better

College Ave Student Loans doesn’t reveal their credit requirements for borrowers, which can be frustrating. They say that since students will usually have limited credit history and income, they will often need to have a cosigner. They do have a prequalification tool that can be used without affecting your credit score. Borrowers need to be US citizens or permanent residents.

College Ave Student Loans Backstory

College Ave Student Loans is a Fintech student loan lender. This company has been originating loans for students since December of 2014. In that time, they’ve received more than a billion in loan requests from students. The founders' goal was to ensure that getting a student loan was as easy as possible.

The Verdict

You have many options for getting student loans, and College Ave Student Loans could be the right choice for you. However, you will need to delve deeper and see whether you qualify for starters. Then you’ll have a better idea of the types of rates you can get, so you can then compare it with some of the other options on the market. It could be a great choice, but always check a few lenders before choosing one.

Contact

Other Services by College Ave

Icon for Refinance

Student Loan Refinancing

Rating not yet determined

1 Reviews

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Application Fee $0
No Origination Fee
No Prepayment Fee
Cosigner Optional
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Funding Time Range 7 - 14 days
Loan Term 5 - 15 years
Up to Cost of Attendance
Fixed APR 4.39% - 12.99%
Variable APR 1.24% - 11.98%
Loan Amount Starting at $1,000

College Ave Student Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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