Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

College Ave student loan refinancing review

Last updated:  

Get on the road to savings and start freeing yourself from student debt with College Ave.

  • Best for college graduates with good credit or a creditworthy cosigner looking for low rates.
  • Pick something else if you never got your degree or want deferment options.

3.64% to 6.74%



Max. Loan Amount


Min. Credit Score


Product NameCollege Ave Student Loan Refinancing
Minimum Loan Amount$5,000
Max. Loan Amount$150,000
APR3.64% to 6.74%
Interest Rate TypeVariable
Minimum Loan Term5 years
Maximum Loan Term20 years
RequirementsYou're a graduate of an approved Title IV undergraduate or graduate program, at least 18 years old and an American citizen or a permanent resident of the US. You meet College Ave Refi’s underwriting requirements.

Expert review

Aliyyah Camp

Review by

Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

Expert review

College Ave is ideal for college graduates with good credit or a creditworthy cosigner who are looking for low rates. You may be able to find APRs lower than what you have with federal loans, even. And it offers the option to take your cosigner off your loan after making two years of consecutive on-time repayments.

But you need to have finished your degree to qualify. And it only offers forbearance on a case-by-case basis — and no deferment options. You also aren’t eligible if you live in Maine.

Not sure College Ave is right for you? Compare your other refinancing options below.

What makes College Ave student loan refinancing unique?

When you’re trying to sort through student loans, it can be difficult to piece together what you can and can’t refinance. Most private lenders can’t help you when it comes to consolidating your federal student loans — but College Ave can.

On top of being able to refinance more than just your private loans with College Ave, its minimum starts at just $5,000. If you’re looking to get a better rate on a small amount, you might be able to find it.

What is College Ave student loan refinancing?

What’s referred to as a College Ave Refi loan can help you refinance or consolidate your student loans. Consolidation involves combining multiple loans. Refinancing is taking out a new loan with different rates or terms than the one you currently have. When you consolidate your loans, you’re refinancing them — but you don’t have to consolidate to refinance. It’s a square–rectangle thing.

The College Ave Refi loan is unsecured, offers discounts for those who sign up for autopay and allows you to have a cosigner. You will find a few limitations, however. For one, you can’t refinance through College Ave if you’re still in school. Your maximum loan amount is also limited to $150,000 or $150,000, depending on your degree program.

Thinking about graduate school?

College Ave also offers student loans for graduate students if you’ve used up all of your federal loans. Here’s what you can expect:

  • Loan amounts: $1,000 to 100% of your school-certified costs
  • Variable rates: 3.94% to 9.25%
  • Fixed rates: 5.29% to 10.45%
  • Loan terms: 5 to 15 years

Repayment options include full repayment right away or a choice between interest-only, fixed $25 or deferred repayments while you’re in school.

What rates can I expect from College Ave?

College Ave offers fixed rates that run from 3.54% to 7.99% APR and variable rates from 3.64% to 6.74% APR — with an autopay discount of 0.25%.

Fixed rates stay the same as you pay back the loan, giving you predictable monthly repayments. Variable rates have the potential to increase or decrease over time, depending on the state of the economy. It’s more of a gamble, since you could pay more or less in interest than a fixed rate.

What are the benefits of College Ave student loan refinancing?

  • Cosigner release. You can qualify to have your cosigner taken off the loan after making 24 consecutive on-time repayments, as long as you meet income and credit requirements.
  • Available to nonresidents. Bring on a cosigner and you might qualify for this refinancing option, even if you’re on a nonresident visa.
  • Higher amounts for some healthcare providers. You can refinance up to $300,000 in debt if you have a medical, dental, pharmacy or veterinary doctorate.
  • Referral program. Once you have your College Ave Refi loan, you can refer your friends or family members to get $250. As an added bonus, the person you refer gets a bonus of $100 too.

What to watch out for

Giving rate discounts and more options for terms can seem like a dream come true. But autopay can lead to insufficient funds if you aren’t careful. And while terms are flexible, they may have you paying more than you need to. Here are a few other factors to consider.

  • Limited forbearance. College Ave only allows you to pause your student loan repayments on a case-by-case basis — such as financial hardship. And there is no deferment.
  • Degree required. Didn’t graduate? You’ll need to look to another lender to refinance your student loans.
  • Not available in all states. Maine residents are ineligible for College Ave refinancing.

Compare more student loan refinancing providers

Updated April 5th, 2020
Name Product Min. Credit Score Max. Loan Amount APR
Figure Student Loan Refinancing
4.25% to 6.32%
Enjoy no fees, low rates and flexible terms — but only for borrowers with good credit.
Splash Financial Student Loan Refinancing
Starting at 2.27%
Save on your student loans with this market-leading newcomer.
Credible Student Loan Refinancing
Good to excellent credit
Starting at 2.21%
Get prequalified offers from top student loan refinancing providers in one place.
Education Loan Finance Student Loan Refinancing
3.50% to 6.01%
Lower your student debt costs with manageable payments, affordable rates and flexible terms.
Earnest Student Loan Refinancing Variable Rate (w/ autopay)
3.5% – 8.72%
Get a tailored interest rate and repayment plan with no hidden fees.
SoFi Student Loan Refinancing Variable Rate (with Autopay)
Full balance of your qualified education loans
3.5% to 8.7%
A leader in student loan refinancing, SoFi can help you refinance your loans and pay them off sooner.
Purefy Student Loan Refinancing (Variable Rate)
2.27% to 7.49%
Refinance all types of student loans — including federal and parent PLUS loans.

Compare up to 4 providers

Am I eligible?

Sorting through loan requirements can be frustrating, especially when you’re doing it for several different providers. Here’s what you’ll need to meet when it comes to refinancing with College Ave:

  • Graduate of an approved Title IV undergraduate or graduate program
  • At least 18 years old
  • US citizen or a permanent resident of the US
  • Not a resident of Maine

To maximize your chances of approval, you’ll need a credit score in the good or excellent range. That generally means high 600s and up. Also, make sure your income is enough to support the debt obligations you have. Your debt-to-income ratio is a good indicator of how you’re doing in that area. If you don’t meet the underwriting requirements on your own, you have the option to apply with a cosigner.

How do I apply?

The application itself should take about three minutes to complete. First click Go to site button on this page and then complete the required fields on College Ave’s website. Have the amount you’re requesting on hand, as well as your income information.

From there you’ll get an instant approval/denial decision. If you import your other loan information, it can be prefilled by College Ave to make the process even faster.

After you accept the terms of the loan, you’ll need to wait for your funds to be disbursed. It typically takes three to four weeks for payments to post to your existing accounts.

I got the College Ave refi loan. Now what?

Keep paying off your current loan until College Ave has paid it off. It can take three to four weeks for the funds from your loan to post.

You’ll receive an email from College Ave after those funds post, which will let you know when your first payment is due and how to make your payment. Consider taking advantage of the discount and convenience that comes with autopay.

If you have shifting paydays and aren’t sure when you’ll have the money in your account, you might want to opt for a different method of payment. You can pay online, by mailing a check or by phone.

Don’t forget that you can refer people to College Ave for extra cash. Every approved and funded family member and friend who uses your unique link puts $250 in your pocket — and $100 in theirs.

Who is College Ave’s servicer?

College Ave uses University Accounting Services (UAS) to handle its student loan refinancing repayments. This means that you should direct all questions you have about repayment — including forbearance — to UAS, rather than College Ave.

See how College Ave stacks up to the competition with our guide to student loan refinancing.

Frequently asked questions

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site