Student Loans

There are a number of different variables to consider when deciding on a student loan. College Ave Student Loans provides this blog to help you understand the loan process and your options.

Learn more about student loans.

Borrowers can use their approved loan to pay for tuition and fees, books and supplies, room and board, transportation and personal school-related expenses.

Federal student loans are made and funded directly by the federal government through the FAFSA process. Sometimes referred to as non-federal or alternative loans, private student loans are made and funded by private lenders, such as banks and online lenders.

Learn more about the difference.

Your specific rate will be based on several factors, including your credit score, loan term and repayment term selection.

For in-school loans, please visit here.
For refinancing, please visit here.

In-school loans offer flexible repayment terms of 5, 8, 10, and 15 years to help you select the best plan based on your needs and goals. Your actual rates and repayment terms vary depending on your situation.

Over 90% of private student loans need a cosigner. To assess your ability to repay your student loan, private lenders typically require a credit and income check. Given that most borrowers are fresh out of high school or in their early twenties, many do not have a credit history, or if they do, their credit score is low.

Credit history is built over time through credit cards, mortgages, car loans, etc., and many students have not yet encountered these responsibilities. As a result, student borrowers are often prompted to apply with a cosigner, who has an established income and a history of repaying debts on time.

Learn more about how to find a cosigner.

Consumers can apply and receive a decision within 3 minutes. If approved, you will be prompted to configure your loan and be provided with terms and loan documents to read, accept and e-sign, which can be completed right after approval.

No, however, you must be enrolled in a degree program and be attending class full time, half-time or less than half-time at an eligible school. Graduates may apply for the refinancing product after graduation.