Find Your Perfect Parent Loan

You raised the student, we raised the bar on ways to pay for school.

  • No application or origination fees
  • Flexible repayment options
Parents reviewing document with young adult child

Parent Loan Rates

Variable Rates

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4.54%

to 17.99% APR

Fixed Rates

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3.47%

to 17.99% APR

(all rates shown include auto-pay discount)1

girl with parents

College Ave's Parent Loan

Simple Application Process
Apply online in 3 minutes and get an instant credit decision. No application, origination, or disbursement fees.

Customized Repayment Plans
Choose between a fixed or variable rate option, select your own repayment plan, and decide how long to repay your loan.
Loan terms from 5-15 years2

Full Support
Cover up to 100% of your cost of attendance including tuition, fees, books, housing, and other costs. 3

Parent Loan vs. Cosign a Loan

Many parents use student loans as a way to help pay for their child's education. If you are looking at private student loans to pay for college expenses, you have two options: take out a parent loan or cosign a student loan with your child. We're here to help you understand the details as you explore your options.

Parent Loan

  • You (the parent) assume full repayment responsibility.
  • No impact to student's credit.

Cosign A Loan

  • Borrower and cosigner equally share repayment responsibility.
  • Responsible repayment helps student build credit.

Outstanding Service!!!

College Avenue is very user friendly and great customer service. I had no problems at all with my daughter's college loan :)

Shannon S.

08/29/2017

Easy to do

This loan process was so easy and their communication with me was great. I don't know why anyone has to stress over student loans and getting your child the money you need.

Robin G.

07/25/2017

Parent of Student

This is the 2nd year we have been approved for a Student Loan. The process is very easy and the customer service is Awesome. Everyone was so helpful. The email confirmations take the guess work out of What is happening with my Loan.

Carolyn J.

08/22/2017

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Footnotes

1

Variable rates may increase after consummation. 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. 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.

2

This informational repayment example uses typical loan terms for a parent borrower who selects the Full Principal & Interest Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.49% fixed Annual Percentage Rate ("APR"): 120 monthly payments of $113.50 while in the repayment period, for a total amount of payments of $13,620.00. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

3

As certified by your school and less any other financial aid you might receive. Minimum $1,000.

*Additional Information

Total Loan Amount - Cover up to 100% of your cost of attendance, as certified by your school and less any other financial aid you might receive, minimum $1,000. Autopay Discount - The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. This informational repayment example uses typical loan terms for a parent borrower who selects the Full Principal & Interest Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.49% fixed Annual Percentage Rate ("APR"): 120 monthly payments of $113.50 while in the repayment period, for a total amount of payments of $13,620.00. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Variable rates may increase after consummation.

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