Student Loans

Pay for a higher education degree with a student loan from College Ave. Our loans have multiple repayment and loan term options, plus a simple 3 minute application to make it easy. And we never charge origination or application fees.

Here’s our current student loan interest rates:


Variable rates


to 16.99% APR

Fixed rates


to 16.99% APR

*all rates shown include auto pay discount1

What do Student Loans Cover?

Student Loans cover most expenses directly related to a student's education.

What's Covered

  • Tuition and fees
  • Food and housing
  • Rent, bills and utilities
  • Meal plan or groceries
  • Books and supplies
  • Equipment (like a computer or printer)
  • Transportation

What's Not Covered

  • Paying off Debt (like Credit Cards)
  • Spring Break
  • Buying New Clothes

Difference Between Private & Federal Student Loans

Federal loans carry unique benefits like income-based repayment options and public service forgiveness that are not available on private student loans.
Once you’ve exhausted federal student loans in the student’s name, you can consider private student loans as an option to fill your financing gap.

College Ave Private Student Loans

Loans provided by private lenders (like College Ave Student Loans) instead of the federal government.

  • Money comes from a bank.
  • Online 3 Minutes Application.
  • No origination fees.
  • Choice of Variable & Fixed Rates.
  • Credit check required. (undergraduates will likely need a cosigner)

Federal Student Loans

A federal student loan is money borrowed from the federal government to help pay for your education, that must be repaid with interest.

  • Money comes from the government.
  • You need to fill out a FAFSA.
  • Only fixed interest rates offered.
  • Credit Check for Direct Plus loans only. (graduate students and parents)

How to Qualify For Student Loans

Eligibility for private student loans differs according to the lender, but factors include:

  • Creditworthiness
  • Financial History
  • Enrollment Status

Eligibility for federal student loans is determined by the FAFSA (or Free Application for Federal Student Aid) and some is based on financial need.

Most undergraduate students will need a cosigner since they don’t have the credit history or income requirements to qualify on their own for a private student loan.

Frequently Asked Questions

  • What is a student loan?

    A student loan is money borrowed to pay for education expenses and repaid with interest. There are two types of student loans:

    • Federal student loans, which come from the U.S Government.
    • Private student loans, which come from private entities such as a bank or private lender.

    They are available for undergraduates, graduate students, parents, and some trade school students.

    Learn more about how student loans work.

  • Should I pay for school with student loans or other financial aid?

    Student loans are one way to pay for school. Here's the typical order for securing financial aid, including when to consider taking out student loans.

    Start with money you don't have to pay back. Such as: contributions from family, income and savings, grants and scholarships.

    Then, look at federal student loan options in the student's name, which have low fixed interest rates and come with special benefits not available on private loans.

    Lastly, consider a private student loan if funds are still needed to cover costs.

  • Will I need a cosigner for a student loan?

    Many undergrads don’t have enough credit history and income to take out a loan on their own, so you likely will need to find a cosigner.

    Finding a cosigner who has a good credit history can increase your chances of qualifying for a private student loan and even help secure a lower interest rate. The cosigner shares the same responsibility as the student to pay back the student loan.

    Learn more about becoming or finding a student loan cosigner.

  • How do I apply for student loans?

    To apply for federal student loans, fill out the FAFSA as soon as it becomes available each year. The federal deadline is June 30th each year. There are different state and school deadlines, which are earlier, so be sure to check. We created a complete guide for how to apply for the FAFSA.

    To apply for private student loans, choose a lender and then fill out their application.

    Students may apply for private student loans year-round. Typically, June to August are the most popular times for student loans covering the fall semester or upcoming academic year.

  • What should I know about the Federal Student Loan repayment pause?

    For certain federal student loans, interest charges and loan payments are suspended. Repayment will restart 60 days after the court cases are resolved or June 30, 2023, whichever comes first. For the most up-to-date information about the COVID-19 relief for federal loans, visit the federal student aid website.

    College Ave is dedicated to providing help for you if COVID-19 has affected your ability to make payments. Please contact us immediately to discuss your options.

What parents and students are saying about us.

Easy and quick process

This is our 3rd student loan with CollegeAve. The most important part is, their process is very easy and it's quick as well to find the decision after pre-approval compared to other providers who generally takes many days before even you know the final decision. Thank you, College Ave team.



College Ave is a great place to get a student loan

College Ave is a great place to get money for students. The staff is so genuine, friendly and knowledgeable. They put you at ease. It takes the pressure off how am I going to pay for this semester or this year. It's a God sent. The application process is very easy and you don't feel violated or manipulated . And once the application process is finished you find out immediately if you have been approved. I don't know what I would have done if I didn't have College Ave.



Highly recommend

I highly recommend College Ave for a student loan. The process was simple and quick. Not a lot of red tape. I like that my student was directly involved as well. Of course we discussed all the options but she ultimately made the decision herself. A good lesson in adulting.



sitting student

Let's get started, you've got this.




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.


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.


A new loan application is required each year. The 95% approval percentage is based on students with an existing College Ave Undergraduate Loan who applied with a cosigner for another College Ave Undergraduate Loan in academic year 2022.