Undergraduate & Graduate Career Loans

  • Cover up to 100% of the cost of attendance1
  • For students in associates, bachelors, and graduate programs at select colleges and universities
careers hero

Here’s our current career loan interest rates:

Variable rates

5.59%

to 16.65% APR

Fixed rates

4.11%

to 15.44% APR

(all rates shown include auto-pay discount)2

Repayment Options

With more repayment options, the less you have to worry. Why? Because the way you repay your loan drives how much your loan will cost in the end. And if you start making payments sooner–or pay more each month–you can reduce the cost of the loan over time.

This way you’ll feel confident that when you make your monthly payment it’s working extra-hard for you.

Pay During School

Full Principal & Interest Payments

Start repaying your principal and interest right away to save the most money.

Interest Only Payment

Pay the interest charges each month during school.

Flat Payment

Make $25 payments each month3 during school to reduce your accrued interest.

No In-School Payments

Deferred Payment

No in-school payments required, but you’ll pay more interest over the life of your loan.

Repayment Terms4

How many years will it take you to pay back your career loan? With us, you choose the loan term that works best for you.

Apply Now

Slide here to see how you can pay less based on which loan term you choose.

Variable and Fixed Rates: Which is right for you?

It’s important to understand the difference between variable and fixed interest rates2 on student loans. Learn the basics so you can pick the best one for you with confidence.
*all rates shown include auto-pay discount2

Variable Rate

variable icon

5.59%

to 16.65% APR

Variable interest rates can change during the life of the loan. They are based on a publicly available interest rate index that changes in each month. Changes in the index will change your monthly payment amount.

Changes to the rate are typically based on a publicly available interest rate index such as the prime rate or SOFR.

Fixed Rate

fixed icon

4.11%

to 15.44% APR

Fixed interest rates stay the same for the entire repayment period. You will have the same monthly payment amount every month after entering full repayment.

Learn More About Interest Rates

Cosigning Made Easy

Usually, students don't have the credit or income requirements to qualify for a student loan by themselves.

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A parent or other adult with good credit will need to cosign the private student loan.

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Both the student and cosigner share equal responsibility for the loan.

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0%

of all undergraduate loans are cosigned

0%

of borrowers choose an in school repayment option

See How We Compare to Other Private Lenders

College Ave Sallie Mae Discover
Number of Repayment Options 3

Not Accepting Applications as of January 31, 2024.

4
Select Your Own Repayment Term
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Apply in 3 Minutes
Fees to Apply None None
Choice of Fixed or Variable Interest Rates
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*Comparisons based on information obtained on lenders’ websites as of February 15, 2024.

See Your Career Loan in Action

Put anxiety on the sideline when you see what your future loan will look like and how you can make your loan work for you. We’ll show you all your options and rates so there are no unexpected surprises.

0%

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of our undergraduate borrowers are approved for additional loans

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.

Anu

07/28/23

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.

Daisy

06/15/23

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.

Sandra

05/29/23

Don’t worry, we’ve got a better student loan process

person using a laptop with notebooks on the floorperson using a desktop computerlaptop with autopay chart displayed

1

Before school starts, figure out how much you’ll need to borrow. A good estimate is to take your cost of attendance and subtract any scholarships, grants, federal loans in the student’s name, and savings you plan to use.

2

Start shopping around for loans and apply for a student loan about 30 days before classes start. Know who your cosigner is and choose your loan term and repayment options.

3

Once approved, we’ll work directly with your school to certify the loan. After the money is sent to your school, be on the lookout for your first loan statement. If you selected an in-school repayment option, consider signing up for auto-pay.

Apply Now for a Loan Check Application Status
person using a laptop with notebooks on the floor

1

Before school starts, figure out how much you’ll need to borrow. A good estimate is to take your cost of attendance and subtract any scholarships, grants, federal loans in the student’s name, and savings you plan to use.

person using a desktop computer

2

Start shopping around for loans and apply for a student loan about 30 days before classes start. Know who your cosigner is and choose your loan term and repayment options.

laptop with autopay chart displayed

3

Once approved, we’ll work directly with your school to certify the loan. After the money is sent to your school, be on the lookout for your first loan statement. If you selected an in-school repayment option, consider signing up for auto-pay.

Apply Now for a Loan Check Application Status

Footnotes

1

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

2

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.

3

This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate ("APR"): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

4

This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% variable Annual Percentage Rate (“APR”): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

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