- 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
Here's our current graduate interest rates
Variable rates
5.59%
to 14.49% APR
Fixed rates
3.59%
to 14.49% APR
(all rates shown include auto-pay discount)1
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
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
3.59%
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.
See How We Compare to Other Private Lenders
| College Ave | Sallie Mae | Discover | |
|---|---|---|---|
| Number of Repayment Options |
4 |
3 | 4 |
| Choice of Repayment Terms |
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| Apply in 3 Minutes |
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| 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 October 8, 2024.
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.
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.
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
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 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 StatusFAQ’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.
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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.