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Student loans are all College Ave does. Its student loan product comes with great interest rates, and a variety of terms and repayment options, so you can find the right fit for you. Read on for a College Ave review, pros and cons of College Ave student loans and more.

College Ave’s student loan process has been simplified so you can focus on the things that matter most: preparing for a bright future.

With College Ave, you can reduce the total cost of your existing student loans, your current monthly payment or both by refinancing or consolidating existing federal, private, and Parent PLUS loans.

Quick Look: College Ave

FeesLoan Terms 
Fixed: 3.25%+
Variable: 2.63%+
None!5, 7, 10, 12, 15 yearsGet offers

Pros of College Ave refinancing

College Ave pulls most of the pertinent financial information it needs from your credit report, easing the burden of locating required loan documents. You can fill out our short form to see if you prequalify to refinance with College Ave, among others.

College Ave offers a number of options for maximum flexibility

Ease and flexibility are hallmarks of College Ave. Perhaps the nicest perk is the fact you are able to choose how long you’ll take to pay off your loan. College Ave afford you the choice between 5-, 7-, 10-, 12-, and 15-year loan terms.

Cons of College Ave refinancing

Choosing a lender isn’t a decision you should enter into lightly, nor quickly. While College Ave provides very competitive interest rates for creditworthy borrowers, even lower rates may be available through other lenders.

If you’re seeking the absolute lowest rate available you could see some benefit by widening the scope of lenders you will consider refinancing your student loan with. Fortunately, you can compare prequalified rates from College Ave and many others in the Credible multi-lender marketplace.

Interested in comparing College Ave with other top lenders? See them all here →

College Ave eligibility

College Ave’s qualification requirements are quite high compared with some lenders, and not all creditworthy borrowers meet them on their own.

Add a co-signer to increase chances of approval

Applying with a co-signer is a good way to ensure you’re able to get the best rate if you don’t qualify on your own. It’s worth noting, however, that your co-borrower will be responsible for the loan balance if, for whatever reason, you are unable to repay it.

Eligibility requirements:

  • Must be a US residents and have attended an eligible school
  • Borrower must have a combined total household income of at least $75,000, or add a cosigner
  • Bachelor’s degree or higher

College Ave repayment options

College Ave offers borrowers a number of different and flexible repayment options. College Ave borrowers can choose between a flat payment, full principal, and interest payments, or defer their payments if they need more time to get the money together.

Multiple repayment options & “set it and forget it” auto pay

College Ave allows borrowers to set up Recurring payments (or auto pay), which will deduct your payment from the bank account of the borrower’s choice automatically. Borrowers who opt for auto pay also receive a 0.25 percent discount on their interest rate.

Borrowers can also choose between repayment terms of 5, 10 or 15 years. Remember, borrowers who choose a shorter repayment term will pay less in interest overall but must make higher monthly payments. There are no origination fees, pre-payment fees, or fees for paying more than the minimum amount due each month.

Get the best College Ave refinancing rates

College Ave’s multiple repayment options and auto pay feature may appeal to certain borrowers. But different refinancing lenders have different ways of determining the rate they’ll offer, so it’s impossible to know your lowest possible rate without applying to multiple banks.

To learn more, read Credible’s reviews of other top student loan refinancing lenders:

The average user saves $18,668 with Credible

With Credible, it’s easy to compare the best available rates from College Ave and other top student loan refinancing lenders with just one application. You can even check your prequalified rates without a hard credit pull, so it won’t affect your credit.

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Credible helps borrowers save an average of $18,668 when they refinance.

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