Graduate Student Loans

  • Covers postgraduate, masters, doctoral, and professional degrees
  • Flexible repayment options and no origination fees
  • It takes only three minutes to apply and get an instant credit decision
Graduate Student Loans

Here's our current graduate interest rates

Variable rates

5.59%

to 14.49% APR

Fixed rates

4.22%

to 14.49% APR

(all rates shown include auto-pay discount)1

Repayment Options

The way you repay your loan will drive how much your loan will cost. If you start making payments sooner, or pay more each month, you can lower the overall cost of the loan. But if your monthly budget requires an option that’s more flexible, we can help you with that too.

We set out to be different from other private lenders who set the loan terms for you. So, put us to the test.

Pay During School

Full Principal & Interest Payments

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

Interest Only Payment

Pay the interest charges each month during grad school.

Flat Payment

Make $25 payments each month2 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 Terms3

How many years will it take you to pay back your graduate student loan? We'll help you choose the right loan term that works with your long-term plans.

Apply Now

Slide here to see how you’ll save based on which loan term you choose.

Variable and Fixed Rates Explained

The decision to go to grad school is often heavily influenced by finances. Interest rates are a top consideration for what type of graduate student loan you’ll need to complete your degree. Consider your long-term career goals and earning potential after grad school.
*all rates shown include auto-pay discount1

Variable Rate

variable icon

5.59%

to 14.49% APR

Variable interest rates are tied to a market index and will fluctuate – up or down – over time with the market. This will change your monthly payment.

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

4.22%

to 14.49% 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.

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

Learn More About Interest Rates

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
Choice of Repayment Terms
Apply in 3 Minutes
No Application Fees
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Choice of Fixed or Variable Interest Rates
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*Comparisons based on information obtained on lenders’ websites as of July 10, 2024.

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Advanced Loans for Advanced Degrees

We created private graduate student loans that are teaching the competition a thing or two. We start with great rates, then add a variety of repayment options, all to put you in control of your monthly payment and how much interest you have to pay. When we take away the suspense and uncertainty around your loan, you can feel that much better.

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

Cosigning Made Easy

Because some grad students don't have the credit or income history required by lenders, a parent or other adult with good credit will need to cosign the graduate student loan. This way, both the student and cosigner share equal responsibility for the loan.

Fading circle

0%

of all undergraduate loans are cosigned

0%

of borrowers choose an in school repayment option

Overwhelmed? Don't Be! Just Follow These Easy Steps

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 an undergraduate 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 an undergraduate 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

FAQ’s for Graduate Student Loans

  • Who is eligible for a graduate student loan with College Ave?

    Graduate students must be a U.S. citizen or permanent resident enrolled at an eligible institution. Students must meet the satisfactory academic progress guidelines of their school. International grad students with a U.S. social security number and a qualified cosigner are also eligible to apply for graduate student loans.

    A cosigner may be needed for those who do not meet financial, credit or other requirements of taking out a private loan. Cosigners must be U.S. Citizens or Permanent Residents.

  • What is the maximum amount you can take out in student loans for graduate school?

    Federal and private graduate student loans have different borrowing limits.

    College Ave's private Graduate Student Loan offers:

    • Yearly limit: up to 100% of the school-certified cost of attendance4
    • Lifetime limit: varies based on creditworthiness and chosen degree.

    Loan limits only cap the amount that grad students can borrow before interest is applied.

  • Do I need a cosigner to take out a private graduate student loan?

    Cosigners are only needed when the applicant does not meet a private lender's credit or other financial requirements. Even when not required, a cosigner with exceptional credit may help grad students get a lower interest rate.

    Learn more about cosigning on a student loan.

  • What do you need to apply for a Graduate Student Loan from College Ave?

    To apply for a College Ave Graduate Student Loan, you and your cosigner (if applicable) need to have the following information ready:

    • Contact information
    • Date of birth
    • Social Security number
    • Household income
    • School of attendance
    • Expected graduation date
    • Requested loan amount

    Once this information is prepared, it takes about three minutes to complete our application.

  • Is there a graduate student loan specific to my program?

    College Ave has several graduate student loans tailored to fit the specific needs of your advanced degree:

    Graduate students pursuing degrees in areas not listed above should consider the Graduate Student Loan covered on the current page.

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.

2

This informational repayment example uses typical loan terms for a first year graduate student 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 6.27% fixed Annual Percentage Rate ("APR"): 33 monthly payments of $25 while in school, followed by 96 monthly payments of $145.75 while in the repayment period, for a total amount of payments of $14,817.03. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

3

This informational repayment example uses typical loan terms for a first year graduate student 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 7.10% fixed Annual Percentage Rate ("APR"): 120 monthly payments of $141.66 while in the repayment period, for a total amount of payments of $16,699.21. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

4

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

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