College Ave Private Student Loans
College Ave provides private student loans for undergraduate and graduate students and private parent loans for parents of undergraduate students.
Highlights:
- Competitive fixed and variable interest rates
- Flexible repayment terms
- Multiple in-school repayment options
Interest rates are reduced by 0.25 percentage points for borrowers who make automatic payments during the in-school period. Cumulative loan limits are up to the full cost of attendance, minus other student loans and financial aid.
The College Ave private student loans offer variable interest rates of 3.22% to 9.89% and fixed interest rates of 5.24% to 11.76%. There are no application or origination fees.
In-school payment options include immediate repayment, interest-only repayment, fixed payments ($25 per month) and full deferment.
Repayment terms include 8, 10, 12 and 15 years. Cosigner release is available after 24 months of consecutive, full, on-time monthly payments. College Ave offers death and disability discharges similar to the ones offered on federal education loans.