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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 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.

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...

Contact

  • Headquarters
  •   Wilmington, DE 19801 USA
  •   Visit Site

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
  Available in 50 states and Washington, D.C.
  • 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 Fees
No Origination Fee
 
No Prepayment Fee
 
Application Fee
$0
Cosigner Optional
 
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Percentage
Variable APR
3.92% - 11.52%
    3% 12%
Dollar Amount
Loan Amount
Starting at
$2K
Integer
Loan Term (Years)
8 - 15
    1 30
Percentage
Fixed APR
6.07% - 12.66%
    0% 20%
Up to Cost of Attendance
 

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