College Ave


We learned from other complicated lending companies and decided to make getting a private student loan for college better. Many of us on the College Ave team are recovering corporate executives from large companies, which are notorious for making things more difficult than they need to be – for customers, for employees, for everyone. We’re also former students and parents; we know paying for college can be stressful.

We don’t think it needs to be that way. We’ll help you find your best college loan in a way you can understand, and we’ll make it fast & easy. Student loans are all we do. That’s it.

Loan Features

A loan can fund a semester, quarter, or up to a full academic year at a time, but no more. During the application process, you will indicate the time period you would want the loan to cover. It’s your choice if you want to cover a portion of the academic year at a time, or if you want to borrow to cover the full year.

During the school certification process, the school confirms you are enrolled, that the funds won’t exceed the maximum cost of attendance for the time period requested, and they set the date(s) that they want to receive loan funds. If you indicate in the application that you’re only covering one semester or quarter, they typically ask for the money all at one time.

If you indicate in the application that you want the loan to cover two semesters, half is typically sent at the beginning of the first semester and the rest is sent at the beginning of the second semester. That way you don’t overpay on interest for the portion of the loan that wasn’t needed until later in the school year. Each loan is separate and won’t be automatically combined if you take out multiple over the course of your education.

Student Loans for College
When it’s time to borrow for college, we’re here to help you find the perfect fit. Are you a college student pursuing a degree? We have loans for both undergraduate and graduate college students. Just remember that you will probably need a cosigner to get approved for a private student loan.

Are you a parent? You have options. You can share responsibility for the loan with your student by cosigning an undergraduate or graduate loan, or you can take full responsibility with a parent loan. Whether you’re a college student or the parent of a college student, we’ll help you find the best plan.

Undergraduate Student Loans
The money you need for college with an undergraduate loan that fits your life. The College Ave Student Loans product for undergraduates can help cover tuition and other education costs for students in associates and bachelors’ degree programs. Our loans are designed to give you great rates plus the most repayment options so you can create a loan that fits your monthly budget while paying as little interest as possible. It’s all about creating the perfect plan for you.

Graduate Student Loans
Cover the costs of your advanced degree with a graduate school loan designed to help you save. The College Ave Student Loans product for graduate students is designed for students pursuing a masters, doctoral, or professional degree. With no origination fees and flexible repayment options, graduate students can build a loan that fits their budget and their life. Apply now to start funding your grad school education today!

Parent Loans
Parents with strong credit have the power to pay for their child’s education with a customized loan. With no origination fees, our student loans for parents are a great alternative to other parent loan options. You also get repayment flexibility and the option to have a portion of the loan sent straight to you for extra education expenses. It’s all about creating the perfect plan for your family and your student.

The road to savings starts here. With College Ave Student Loans Refi, you could reduce the total cost of your existing student loans or your current monthly payment (or maybe even both!) — it’s a great way to help you get on the road to financial freedom.

Low fixed or variable rates
Flexible repayment terms
Choose immediate full payments or 2 years of interest only.
No application or origination fees
Refinance loan amounts as low as $5,0001
Earn a 0.25% interest rate reduction when you enroll in auto-pay2
Receive an additional 0.25% interest rate reduction if your autopay is linked to a Nationwide Bank checking or savings account3

Application Process

Exact credit criteria is proprietary, but we offer a free credit pre-qualification tool to tell students and cosigners if their credit scores qualify, and what interest rates they can personally expect from us before they apply. Plus, using the tool won’t impact your credit score. Pre-qualification isn’t a full review or guarantee, but it may help you decide if you want to submit a full application. Cosigners are required to be U.S. citizens or permanent residents and must meet annual income requirements.

We can’t take your application by phone at this time because required disclosures are presented during the online application process.
You can apply and get your credit decision within 3 minutes. If you are approved, you’ll then need to accept your terms and e-sign your loan documents, which can all be done right after approval.

At that point, we send the loan to the school for certification. Every school has their own processes and timelines, so certification can take several days or sometimes weeks, although that is less common. Once we receive the certification back from the school, we’ll schedule the funds to be sent according to the school’s requested timeline. The entire process from application to actually sending the money to the school typically takes at least 10 business days, and it can be longer than that depending on the school.

Repayment Terms

Minimum Loan Amount $5,000
Maximum Loan Amount $250,000
Loan Terms 5-15 years
APR 2.75%

Customer Support

For general questions about our products

For help applying for a student loan
PHONE: 844-422-7502, 9 am to 8 pm ET

For help applying for a refi loan
PHONE: 844-422-7503, 9 am to 8pm ET Monday-Friday

For help servicing or repaying an undergraduate, graduate, or parent loan
PHONE: 844-803-0736
Monday, Wednesday, Thursday, Friday: 8 am to 6 pm ET
Tuesday: 8 am to 7 pm ET

Payment address for undergraduate, graduate, or parent loans
College Ave Student Loans
c/o University Accounting Service
P.O. Box 5863
Carol Stream, IL 60197-5863

For help servicing or repaying a refi loan
PHONE: 877-244-8164
Monday, Wednesday, Thursday, Friday: 8 am to 6 pm ET
Tuesday: 8 am to 7 pm ET

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