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College Ave Student Loans

in Private Student Loans

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College Ave Student Loans

Unaffiliated

in Private Student Loans

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Overview

Where does College Ave Student Loans do business?

College Ave Student Loans is based in Wilmington, DE. It was founded in 2014 and offers student loans in 50 states (and Washington, DC).

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

College Ave Student Loans offers variable rate APRs that range from 3.92% to 11.52% APR. College Ave Student Loans offers fixed rate APRs that range from 6.07% to 12.66% APR. 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 $2,000.

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 8 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 a loan with College Ave Student Loans?

College Ave Student Loans doesn’t disclose its credit score minimum.

Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.

Only U.S. citizens and permanent residents can apply for a loan.

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
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Contact

  • Headquarters
  • Wilmington, DE 19801 USA
  • Visit Site

Other Services by College Ave Student Loans

Availability

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

Feature Breakdown

No Origination Fee
No Prepayment Fee
Application Fee
$0
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Cosigner Optional
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Student Loan Type
  • Private
Funding Time Range (in days)
7 - 14
1 28
Variable APR
3.92% - 11.52%
3% 12%
Loan Amount
Starting at
$2,000
Loan Term (Years)
8 - 15
1 30
Fixed APR
6.07% - 12.66%
0% 20%
Up to Cost of Attendance

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