Where does College Ave Student Loans do business?
College Ave Student Loans is a marketplace lender 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 has a variable APR that ranges from 3.92% up to 11.52%.
It offers a fixed APR that ranges from 6.07% up to 12.66%.
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.
College Ave Student Loans only considers borrowers who are employed
Only U.S. citizens and permanent residents can apply for a loan.
- Wilmington, DE 19801 USA
- Visit Site
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- U.S. Citizen
- U.S. Permanent Resident
- Employed Full-Time
- Employed Part-Time