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College Ave Student Loans Overview

College Ave Student Loans is a financial services company that specializes in student loans. The Delaware-based business was founded in 2014 by Joe DePaulo, the former CFO and CMO of Sallie Mae, and Tim Staley, the former CIO and SVP of Technology of Sallie Mae. Seeking to transform the industry, the co-founding duo is committed to making the student loan process be faster and easier for college students and graduates.

How Does College Ave Student Loans Work?

College Ave Student Loans offers private student loans for undergraduate students, graduate students and parents of college students. The company also offers student loan refinancing for graduates.

What Are the Rates for College Ave Student Loans?

Rates can vary based on a number of factors including creditworthiness and the type of loan.

For undergraduate student loans, you can choose between having a fixed or variable APR.

  • The fixed rate ranges from 4.70% APR to 11.76% APR.
  • The starting variable rate ranges from 2.93% APR to 10.10% APR.

For graduate student loans, you can choose between having a fixed or variable APR.

  • The fixed rate ranges from 4.70% APR to 10.89% APR.
  • The starting variable rate ranges from 2.93% to 9.25% APR.

For student loan refinancing, you can choose between having a fixed or variable APR.

  • The fixed rate ranges from 4.65% APR to 7.50% APR.
  • The starting variable rate ranges from 4.13% APR to 7.13% APR.

All rates shown include an auto-pay discount, which applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase during the life of the loan.

How Much Money Can I Borrow from College Ave Student Loans?

College Ave Student Loans offers private student loans ranging from a minimum of $2,000 to a maximum of $80,000. The company’s refinancing loans range from a minimum of $5,000 to a maximum of either $250,000 (for those with medical, dental, pharmacy or veterinary doctorate degrees) or a maximum of $150,000 (for all other undergraduate or graduate degrees).

What Is the Application Process Like for College Ave Student Loans?

Interested borrowers can submit an online application, which takes approximately three minutes to fill out and requires applicants to provide personal information including their address, social security number and annual income. Many applicants receive an instant credit decision and can then review and accept the offered terms if desired.

How Is College Ave Student Loans Better Than Other Lenders?

Offering private student loans and student loan refinancing, College Ave Student Loans is a tech-savvy business that makes it easy for students and graduates to access the funds they need to move forward in life. Individuals can apply online and borrowers can conveniently manage their loans using the company’s 24/7 online self-service program. The company’s rates are competitive and credit-approved students can borrow up to 100% of the school-certified cost of attendance.

  • Loan Term (Years)
    5 - 15
  • Min Loan
    $2000
  • Variable APR
    2.93% - 10.1%
  • Variable APR (Refinancing)
    4.13% - 7.13%
  • Fixed APR
    4.7% - 11.76%
  • Fixed APR (Refinancing)
    4.65% - 7.5%
  • Cosigner Optional
  • Undergraduate Students
  • Graduate Students
  • Parents of Dependent
  • Grace Period / Deferred Interest
    6
  • No Origination Fee
  • Student Loan Type
    • Private
    • Refinance
  • Funding Time
    1-2 weeks
  • Up to Cost of Attendance
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