College Ave Student Loan Review

Paying for college shouldn’t feel like an uphill battle. With College Ave Student Loans, you can find tailored financial solutions that make higher education more accessible and affordable. Offering flexible repayment options and competitive interest rates, College Ave is dedicated to helping you achieve your academic dreams without the burden of financial stress. In this comprehensive review, we’ll help you decide if the company’s innovative approach to student loans can help ease your financial worries and let you focus on what truly matters—your education.

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9.9

9.9

APR Starting At 3.99%1

Highlights
Apply in as little as 3 minutes & receive instant credit decision
Cover up to 100% of school cost & other school-related expenses 2
Loan term options include 5, 8, 10 and 15 years 3Enterprise option offers account manager and custom training
No application, origination or prepayment fees

About College Ave Student Loans

College Ave Student Loans started with a big vision and a simple mission: To help students prepare for their bright futures. Founded in 2014, College Ave provides an altogether different and uncomplicated experience for managing college finances. Many of the team members are former students and parents themselves, so they understand the stress of preparing for, paying for, and attending college. Their personal and professional experiences have equipped them with the skills to alleviate this stress. College Ave is committed to delivering practical and personal solutions that give young adults a head-start on the roads to financial success. This commitment is at the heart of their business philosophy: When it comes to college, “You’ve got this, we’ve got you!”

Pros Cons
Multiple repayment options, including deferred, interest-only, and full principal and interest payments while in school Borrowers typically need a good credit score or a creditworthy co-signer to qualify for the best rates, which may limit accessibility for some students
Quick and easy online application with instant credit decision and no application fees As with most private loans, interest begins to accrue immediately, which can increase the total repayment amount if payments are deferred while in school
Comprehensive tools and resources, including student loan calculators While College Ave doesn't charge origination fees, late payment fees and other penalties can still apply, which can add to the cost of the loan
Available for various educational levels, including undergraduate, graduate, MBA, medical, dental and parent loans
Offers both fixed and variable rates, tailored to the borrower’s credit profile and loan term
No charges for application or origination, making the loan process more affordable
Option to release co-signer after making a certain number of consecutive, on-time payments
Allows students to check rates and eligibility with a soft credit check, which does not impact credit scores
Known for responsive and helpful customer support, providing resources to manage loans effectively

Types of College Ave Loans

College Ave’s loan offerings cater to a wide range of educational needs, providing flexible and comprehensive financing solutions for students and parents alike.

Private Student Loans:

  • Undergraduate Loans
      • Designed for undergraduate students to cover up to 100 percent of the school-certified cost of attendance, including tuition, fees, room and board. The application process is quick and easy, typically taking about three minutes.
      • APR Range: 4.29 to 16.85 percent
  • Parent Loans
      • Available for parents looking to fund their child’s education. These loans offer similar terms to undergraduate loans, ensuring parents can support their child’s educational expenses without the student taking on the debt.
      • APR Range: 4.29 to 16.85 percent
  • Career Loans
      • Tailored for individuals pursuing career-focused programs or certifications. These loans provide funding for vocational or technical training programs that lead to employment opportunities.
      • APR Range: 4.17 to 16.85 percent

Graduate Student Loans:

  • Dental Loans
      • Specifically designed for students enrolled in dental school. These loans cover tuition and other associated costs, helping future dentists manage their education expenses.
      • APR Range: 4.17 to 14.47 percent
  • MBA Loans
      • Description: Intended for students pursuing a Master of Business Administration (MBA) degree. These loans cater to the financial needs of business students, covering tuition, books and other expenses.
      • APR Range: 4.29 to 14.49 percent
  • Health Professions Loans
      • For students in health-related fields other than medicine and dentistry. These loans support various health profession programs, ensuring students can focus on their studies without financial stress.
      • APR Range: 4.17 to 14.47 percent
  • Law Loans
      • Catering to law students, these loans help cover the cost of legal education, including tuition, books and living expenses, allowing future lawyers to invest in their education.
      • APR Range: 4.17 to 14.47 percent
  • Medical Loans
      • Designed for medical students, these loans provide financial support for the extensive costs associated with medical school, including tuition and other fees.
      • APR Range: 4.17 to 14.47 percent

College Ave Student Loan Refinance

College Ave also offers student loan refinancing options, allowing borrowers to consolidate existing loans into a single loan with a potentially lower interest rate. This can simplify repayment and reduce overall loan costs.

College Ave Terms, Fees and Conditions

College Ave does not charge application, origination or prepayment fees. Borrowers can choose from various loan terms, ranging from five to 15 years, and select between fixed and variable interest rate options to best suit their financial situation and repayment capabilities.

College Ave Student Loans Credit Score Requirements

To qualify for a loan with College Ave, borrowers need a good credit score or a creditworthy co-signer. While specific credit score requirements can vary, having a higher credit score generally increases the likelihood of approval and access to lower interest rates.

College Ave Student Loans Scholarship

In addition to student loans, College Ave also provides scholarships to help students finance their education. They offer several scholarship opportunities throughout the year, providing additional financial support to eligible students.

College Ave Student Loans Customer Service

College Ave prides itself on offering comprehensive customer support. Whether via phone, text, live chat or email, College Ave provides multiple channels for borrowers to get the assistance they need.  

College Ave Student Loans Phone Number 

Call: 844-422-7502

Text: 726•227•2275

College Ave Student Loans Email

[email protected]

College Ave Student Loans Login

Borrowers can access their accounts through the College Ave Student Loans login, where they can view account information, make payments and access customer support. The portal is designed to be intuitive and user-friendly, providing a seamless customer experience.

College Ave Student Loans Payment

College Ave Student Loans offers flexible repayment options to suit different financial situations. Borrowers can choose from various repayment plans, including deferred payments, interest-only payments, flat payments and full principal and interest payments while in school. College Ave also supports multiple payment methods, such as setting up recurring payments with autopay or making individual payments through their online portal. This flexibility, combined with the option to prequalify without impacting credit scores, ensures that borrowers can find a repayment plan that fits their budget appropriately.

Competitive Comparison

Here’s a look at how College Ave stacks up against other popular picks on the market today:

Sallie Mae vs. College Ave

College Ave and Sallie Mae are both well-known in the private student loan market, each offering unique benefits to borrowers. College Ave stands out for its highly customizable repayment options, allowing borrowers to tailor their loans to fit their specific financial situations. It offers a streamlined online application process that can be completed in just three minutes, with an instant credit decision and no application or origination fees. Additionally, College Ave provides flexibility in repayment plans, such as deferred, interest-only and flat payments while in school.

On the other hand, Sallie Mae offers a wide variety of in-person customer service options through its physical branches, providing a more traditional banking experience. While Sallie Mae also offers competitive interest rates, College Ave’s ability to prequalify borrowers with a soft credit check—meaning it does not impact their credit score—makes exploring loan options easier and less stressful.

Both lenders require a good credit score or a creditworthy co-signer for the best rates. However, College Ave’s diverse range of loan terms and lack of application and origination fees can make it a compelling option for borrowers looking for flexibility and convenience.

Bottom Line: Why We Love It

We love College Ave Student Loans for their flexible and borrower-friendly approach. With competitive interest rates, no origination fees and a variety of repayment options, they make managing student debt simple and stress-free. Their user-friendly online application and the ability to prequalify without impacting your credit score truly set them apart. Plus, their strong customer service and resources ensure you have the support you need throughout your loan journey. College Ave makes financing education straightforward and accessible, which is why they’re a top choice for student loans.

FAQ

Is College Ave Student Loans Legit?

Yes, College Ave is a legitimate lender with an A+ rating from the Better Business Bureau and excellent reviews on various platforms. These indicators suggest that College Ave is a trustworthy option for students seeking financial assistance for their education.

Is College Ave Student Loans Good?

Many borrowers find College Ave to be a great option due to their flexible loan products, competitive interest rates and strong customer service.

What is College Ave Student Loans?

College Ave is a private lender offering student loans and refinancing options to help students and their families manage the cost of higher education.

Disclaimer

Disclosure:

College Ave’s student loan products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

Information advertised valid as of 05/01/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term. 

  1. Rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit.
  2. As certified by your school and less any other financial aid you might receive. Minimum $1,000.
  3. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Methodology

The Consumer Rating Difference

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Here’s the methodology behind our ratings:

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Comprehensive Overviews

From preferences, to pricing & more, we cover all you need to know about student loans in our detailed reviews.
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Pricing Details

We break down how much the student loans costs, noting everything that’s included for the different price points.
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Student Loans Comparisons

With so many different student loans available, it can be hard to decide which one is right for you. We compare different brands based on your preferences.
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FAQs

In case the review wasn't enough to, we also include several FAQs to help ensure you have all you need to make an informed decision.