College Ave Student Loans Reviews

College Ave is a student loan company offering borrowers the ability to customize loans to fit their needs. Its online application process is relatively easy and allows for a lot of flexibility in its offerings. With College Ave, undergraduates, graduates and career seekers (those in trade school) can find solutions that work for their specific needs.

College Ave’s loans can pay for 100% of your school-certified cost of attendance, up to $80,000 per year. This can include expenses like supplies, room, board, transportation, tuition and fees. Interested students and parents can get pre-qualified and apply on the company’s website.

College Ave Student Loans has five main offerings:

• Undergraduate loans
• Graduate loans
• Parent loans
• Career loans
• Refinancing loans

Career loans are specifically for trade schools or career training opportunities, and they may include cash-back rewards.

The College Ave application process can be completed in under three minutes on the company's website. You’ll need to at least know your Social Security number, school name, estimated annual income and intended amount to complete it. The application process starts with pre-qualification, which lets you see what your rates could be like (they’re subject to change after a hard credit pull).

Once pre-qualification is complete, you have the ability to customize the loan to better fit your needs by modifying repayment terms, rates, payment types and other factors. Repayment options include:

• Full principal and interest payment
• Interest-only payment
• Flat payment
• Deferred payment

Once you have a loan you’re happy with, you can finalize your application online as well. If your credit score is less than ideal, which is common for students, you’ll likely need a cosigner to get approved. International students are also required to have a cosigner.

College Ave offers fixed-rate and variable-rate loans:

• Variable-rate undergraduate loans have APRs between 4.39% - 16.99% .
• Fixed-rate undergraduate loans have APRs between 4.39% - 16.99%.
• Variable-rate graduate loans have APRs between 4.39% - 14.49%.
• Fixed-rate graduate loans have APRs between 4.39% - 14.49%.

These numbers change for certain programs, though. For example, graduate loans fall between 4.39% and 14.49%. It’s also worth noting that some of these rates include a 0.25% discount for automatic payments. College Ave doesn’t charge application or origination fees for its loans. Rates are accurate as of July 14, 2023.

College Ave offers a relatively high level of flexibility in its loan options, making it a good choice for many people. You’ll have to pre-qualify online to know for sure if you can get one of its loans, though. Like with any other loan, you should shop around for the right rate and terms, but College Ave Student Loans might be a good option for you.