What do you know about College Ave Student Loans?
College Ave is an online lender that offers private student loans and refinancing. This is like the unusual. It gives room for undergraduate, graduate, career, and parent loans and has a wide range of repayment terms to fit your budget.
College Ave’s intention is to make private student loans less complicated when applying for them. It is just three minutes application process that gives you your rate, with no need to co-sign the loan approval.
Your qualification is not centered on your credit score, but then, it is a primary factor. It takes just more than a credit score to approve you such as your cosigner’s credit history because 97% of undergraduate borrowers do have one. Also, it considers the income and debt-to-income ratio. From the creditworthiness of the cosigners, borrowers can take out loans as small as $1,000 or even to the total cost to attend.
WHAT YOU SHOULD KNOW
- In the college Ave platform for a student loan, there is room for prequalification. This means that College Ave offers a free prequalification tool to you and possible cosigners. The prequalification helps you to examine your eligibility and rates for student loans in less emphasis on your credit score.
- Also, you just need to be enrolled in a degree program and attending classes at an eligible school.
- Thirdly, it supports flexible repayment terms. This equally means that College Ave offers terms from five to 20 years, with about 11 different repayment terms over parent loans.
- It rewards $150 for finishing your degree. At the end of your degree, you should upload a copy of your transcript for a $150 statement credit on your loan from College Ave.
- Do you know that borrowers must meet satisfactory academic progress (SAP)? This means that the student must maintain the standard of SAP to be eligible for federal financing. It could be maintaining a minimum grade-point.
- You will be charged for late payment. Also, at least the minimum charge to late payment is $25.
Available College Ave Student Loans
Undergraduate Student Loans
College Ave undergraduate Loans help you to cover up to 100% of tuition fees, books, housing, and other costs for a semester, or full academic year. You are granted the option of making payments while in school or by the end of six months after graduating.
The below table consists of the obtainable terms of undergraduate student loans over the College Ave student loan.
| Variable Rates | 1.24% to 11.98% |
| Fixed Rates | 3.99% to 12.99% |
| Loan Amounts | $1,000 up to the total cost of attendance |
| Loan Terms | Five, eight, 10, or 15 years |
Graduate Student Loans
This is an opportunity for a student after their masters or doctorial degrees to obtain a loan offer of four in-school repayment options. Moreover, they handle terms of up to 15 years. It requires no personal application fee, origination fee, or cost for prepayment penalties. Here are the terms and rates in the box below.
| Variable Rates | 1.24% to 10.97% |
| Fixed Rates | 4.39% to 11.98% |
| Loan Amounts | $1,000 up to the total cost of attendance |
| Loan Terms | Five, eight, 10, or 15 years |
MBA Loans
A student in a master of a business administration degree program is leveraged on a loan offer called an MBA loan. Its eligibility specialty is MBA degree students. Here are the terms and rates for MBA loans.
| Variable Rates | 1.24% to 10.97% |
| Fixed Rates | 4.39% to 11.98% |
| Loan Amounts | $1,000 up to the total cost of attendance |
| Loan Terms | Five, eight, 10, or 15 years |
Medical School Loans
Students in the medical field such as Medicine, osteopathic medicine, veterinary medicine, and some related medical degree program are eligible for the College Ave medical school loan. You will get your choice of loan terms and residency deferment. Check out for the rate and term in the below box.
| Variable Rates | 1.24% to 8.99% |
| Fixed Rates | 4.79% to 9.95% |
| Loan Amounts | $1,000 up to the total cost of attendance |
| Loan Terms | Five, eight, 10, 15, or 20 years |
Dental School Loans
Field of dental surgery or medicine in dentistry or dental medicine degree program are eligible for College Ave dental loan. IT supports 12 months grace period and residency deferment. Check out for the rates and terms at the below box.
| Variable Rates | 1.24% to 8.99% |
| Fixed Rates | 4.69% to 9.95% |
| Loan Amounts | $1,000 up to the total cost of attendance |
| Loan Terms | Five, eight, 10, 15, or 20 years |
Law School Loans
Law school loan is specially made for students enrolled in a Juris Doctor degree program and an eligible school. This loan offers nine months of a grace period, a loan term of up to 20 years, and a chance to defer loan during the clerkship. Check out for the rates and terms in the below box.
| Variable Rates | 1.24% to 8.99% |
| Fixed Rates | 4.49% to 9.95% |
| Loan Amounts | $1,000 up to the total cost of attendance |
| Loan Terms | Five, eight, 10, 15, or 20 years |
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