We are excited to announce that College Ave has been chosen as Best Overall Private Student Loan in NerdWallet’s 2024 Best-Of Awards.
This award isn’t just about being the best private student loan option for students and families. It represents years of dedication to offering some of the most flexible repayment options available, being transparent about our terms, working hard to provide competitive interest rates, and continually providing exceptional customer service and assistance.
Why NerdWallet Chose College Ave as the Best Overall Private Student Loan
Each year, NerdWallet, which provides trustworthy financial guidance to consumers and small and mid-sized businesses (SMBs), conducts a rigorous and in-depth evaluation process to recognize the best financial products on the market to help consumers make the smartest financial decisions. NerdWallet noted College Ave’s “fast repayment and payment flexibility features and wide variety of customers served” were some of the reasons for earning the top spot.
NerdWallet reviewed 26 banks, credit unions, and online lenders offering student loans and student loan refinancing when choosing a winner. They broke down their criteria and methodology into a few factors, including:
- Features that enable quick repayment
- Disclosures of rates, fees, and underwriting requirements
- Availability to wide range of borrowers
- Flexible payment options, such as grace periods
- Customer support, detailed FAQ, and service
Benefits of College Ave’s Private Student Loans
College Ave offers numerous options to allow students and their families to customize their student loan to fit their budget. Options include:
- Choice of fixed or variable interest rates
- Choice of repayment term length – from 5 years to 15 years, depending on the loan type
- Choice of making payments while in-school vs. fully deferring repayment until after graduation
- A 0.25% interest rate discount when users set up auto-pay for their loan repayment
Additionally, College Ave is proud to offer a quick, easy 3-minute application after which you’ll get an instant credit decision. No waiting, no stress – you’ll know exactly if you qualify and next steps.
College Ave’s Commitment to Students
For years, College Ave has been committed to supporting students beyond just loans for their higher education. College Ave provides a variety of financial education resources in our Resource Center. We also have multiple student loan calculators to help students and families estimate their monthly payments and how it could fit into their existing budget.
College Ave has also awarded thousands of dollars in scholarships and sweepstakes giveaways – such as gift cards for other college costs like meals and transportation.
Along with these features, College Ave now offers the Ambition Student Card, designed to help college students build their credit for the first time while spending on everyday essentials. Our commitment has been and will always be focused on ensuring our customers make the best financial decisions for themselves while empowering them to accomplish their education and financial goals.
College Ave is here to help students and their families pay for college with the help of the best private student loan option available. Visit our application today to get started.
