We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more
  1. Home
  2. Student Loan Refinance
  3. College Ave Student Loans Review

College Ave Student Loans Refinance Review


ConsumersAdvocate.org Rating: 4.5 / 5 (Excellent)
Our content is free because we may earn a commission when you click or make a purchase using our site. Learn more.
Founded in 2014 in Wilmington, Delaware, College Ave is an online student loan provider taking a simplified approach to student loans. The company offers undergraduate, graduate, and parent loans as well as refinance loans from either Firstrust Bank, member FDIC or M.Y. Safra Bank, member FDIC.
 
View Top 10 List

How is College Ave Student Loans rated?

Breakdown

4.5/5
Loan Specifications
5.0/5
Eligibility Requirements
4.3/5
Customer Experience
4.3/5
Reputation

Overall Rating: 4.5 / 5 (Excellent)

College Ave is a loan student loan provider offering federal and private student loan consolidation and refinancing. However, borrowers must have graduated from an eligible school in order to qualify. Compared to its competitors, the company offers flexible loan terms, low interest rates, and great discounts. Its online application and approval process is fast and easy, and its industry reputation is strong.

College Ave Student Loans Loan Specifics

Loan Specifications - 4.5 / 5

College Ave offers consolidation and refinancing for federal or private undergraduate, graduate, or doctorate student loans with flexible terms, variable and fixed rates. The company does not charge fees or prepayment penalties, and can offer up to 12 months of hardship forbearance over the life of the loan. College Ave also offers deferment for members of the Armed Forces and National Guard who are called to active duty for more than 30 days, and natural disaster forbearance for customers affected by federal disasters, as determined by FEMA. The interest rates shown on its website automatically include the auto-pay reduction discount, so prospective borrowers should be mindful of that detail when shopping for rates on the site.
Loan Types
Undergraduate
Graduate
Federal
Private
Maximum Loan Amount
$150,000 (undergraduate, graduate), $300,000 (doctorate)
Terms
5
6
7
8
9
10
11
12
13
14
15
Rates
Fixed
Variable
Fixed APR Range
5.59% - 16.85% with autopay discount (1)
Variable APR Range
4.24% - 16.39% with autopay discount (1)
Repayment Options
Full Repayment

College Ave Student Loans Qualifications

Eligibility Requirements - 5 / 5

To be eligible for student loan refinance or consolidation through College Ave, applicants must be U.S. citizens or permanent legal residents with degrees from Title IV-eligible undergraduate or graduate programs. There are no additional underwriting requirements listed on the site.
Citizenship Requirement
U.S. Citizen
Permanent Legal Resident
Degree Required

College Ave Student Loans Customer Experience

Customer Experience - 4.3 / 5

College Ave offers a 0.25% rate reduction for borrowers who enroll in autopay. It provides a fast online application and approval process, as well as a refinance calculator and live chat.
Processing Time
3 minutes
Student Loan Refinance Calculator
Services
Live Chat
Discounts
Automatic Payments

College Ave Student Loans Company Reputation

Reputation - 4.3 / 5

College Avenue has a BBB rating of "A+" with no negative reviews.
Lender Type
Online Lender
Year Founded
2014
BBB Rating
A+
Number of BBB Positive Reviews
2
Number of BBB Negative Reviews
0
Date Collected
2022-02-02

Company's Disclosure

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC, or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. (1) The 0.25% auto-pay interest rate reduction applies as long as the borrower or cosigner, if applicable, enrolls in auto-pay and authorizes our loan servicer to automatically deduct your monthly payments from a valid bank account. The rate reduction applies for as long as the monthly payment amount is successfully deducted from the designated bank account and is suspended during periods of forbearance and certain deferments. Variable rates may increase after consummation. (2) This informational repayment example uses typical loan terms for a refi borrower who selects the Full Principal & Interest Repayment Option with a 5-year repayment term, has a $40,000 loan and a 6.75% fixed Annual Percentage Rate (“APR”): 60 monthly payments of $787.34 while in the repayment period, for a total amount of payments of $47,240.31. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. (3) $5,000 is the minimum requirement to refinance. The maximum loan amount is $250,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.

Company Profile

Full Name
College Ave Student Loans Refinance
Company Website
https://www.collegeavestudentloans.com/
Headquarters
1105 North Market Street, Wilmington, DE, 19808

Our Comments Policy  |  How to Write an Effective Comment

Leave a comment for College Ave Student Loans Refinance
Minimum 12 words.
 No maximum length.
* What's Your Rating?
To make this comment as helpful as possible for our community, please provide at least 2 sentences.
Top Rated
Our Partner
  • Compare personalized prequalified rates from multiple lenders
  • No impact on your credit score to compare rates
  • No origination fees or prepayment penalties
  • Free customizable rate & monthly payment comparison tool
READ FULL REVIEW >
VIEW RATES >

Related to Student Loan Refinance

Top Articles
Suggested Comparisons