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.

Students

Here’s our current student loan interest rates1:

Variable rates

4.24%

to 17.99% APR

Fixed rates

3.19%

to 17.99% 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

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.

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 Minute 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

money in hand icon

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

  • Creditworthiness
  • Financial History
  • Enrollment Status
federal building icon

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.

student at desk

Frequently Asked Questions

  • What is a student loan?

    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.

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

    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.

  • Will I need a cosigner for a student loan?

    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.

  • How do I apply for student loans?

    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.

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

    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.

What parents and students are saying about us.

Unbelievably quick

Unbelievably quick, no hassle no headache.

Raouf

08/22/24

Believe their #1 ranking and don't click anywhere else!

We started this process with another national student loan site and had a terrible experience. I then tried a local bank...even worse. So I checked College Ave and I wish i would have started here. The process was quick, easy and no hassles. They communicated frequently so we were always in the loop and knew what was happening. When you google "best student loan companies" and College Ave comes up first, believe it and go with them. You will not regret it. I wish I had.

Tony

08/24/24

Fast and honest service.

It was fast and honest service, the terms were laid out clearly and we were advised to get Federal Loans if we could for their lower interest rates. It showed us that they really do care about their clients and aren't just trying to screw you over. I don't know about customer service, as the entire process was digital and didn't need us to speak to anyone, but we still had the option to chat - we just never had to because it was so simple.

Rianna

07/26/24

Image of a student sitting on a couch with their laptop applying for a private student loan with College Ave Student Loans.

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

Prequalify

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 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.

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