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.
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 rates1:
4.24%
to 17.99% APR
3.19%
to 17.99% APR
*all rates shown include auto pay discount1
Student Loans cover most expenses directly related to a student's education.
Many families use a combination of federal and private student loans to fully cover the cost of college. While federal loans offer unique benefits like income-driven repayment and forgiveness programs, private student loans can help bridge the gap when additional funding is needed.
Loans provided by private lenders (like College Ave Student Loans) instead of the federal government.
A federal student loan is money borrowed from the federal government to help pay for your education, that must be repaid with interest.
A student loan is a type of loan designed specifically to help students pay for post-secondary education and the associated fees, such as tuition, books, and living expenses. These loans are often offered at lower interest rates and have more flexible repayment terms than other types of loans.
Deciding between student loans and other forms of financial aid depends on your personal financial situation, the cost of your education, and the types of aid you're eligible for. Scholarships, grants, and work-study programs are preferable as they don't need to be repaid, but student loans can be a valuable tool if these options don't cover all your expenses.
Whether you need a cosigner for a student loan typically depends on the type of loan and your credit history. Federal student loans usually don't require a cosigner, but private student loans often do, especially for students with limited or no credit history.
To apply for student loans, start by completing the Free Application for Federal Student Aid (FAFSA) to determine your eligibility for federal loans, grants, and work-study programs. For private loans, you'll need to apply directly through a bank, credit union, or online lender, and the process will vary by lender.
The federal student loan repayment pause, originally enacted during the COVID-19 pandemic, officially ended in September 2023. As of now, loan payments, interest accrual, and collections have fully resumed. Borrowers should contact their servicer to ensure they're enrolled in a repayment plan that fits their current income and goals.
Footnotes
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 credit worthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Payment Option with the shortest available loan term.