Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

College Ave undergraduate student loans review

Rates start at 2.84% for residents of all 50 states.’s rating: 4.5 / 5.0


  • Best for a range of loan terms and flexible in-school repayment options.
  • Pick something else if you don’t have the best credit — you might find better rates elsewhere.

1.04% to 11.98%


Cost of attendance

Max. Loan Amount

Not stated

Min. Credit Score


Product NameCollege Ave undergraduate student loans
Minimum Loan Amount$1,000
Max. Loan AmountCost of attendance
APR1.04% to 11.98%
Minimum Loan Term5 years
Maximum Loan Term15 years
RequirementsUS citizen or permanent resident, enrolled in a degree program at eligible school, maintain satisfactory academic progress, meet additional eligibility and credit requirements — or have a cosigner who does

Review by

Deni Sharp is a freelance writer with years of experience in higher education, particularly student loans and financing. She has a passion for helping students navigate the trenches of financial aid so they can realize their full potential. In her free time, you can find her at home in Arizona hanging with her family and adorable pup, Theo.

Expert review

College Ave is ideal for borrowers looking for a range of loan terms — you have your choice of paying off your loan over five, eight, 10 or 15 years. It also offers multiple in-school repayment options, including interest-only and flat repayments to decrease the total cost of your loan.

While its rates start low, they max out at nearly 12% — higher than other lenders out there. It also doesn’t offer any formal deferment or forbearance options. And you’re stuck with full principal and interest repayments once you leave school.

Not sold on College Ave? Compare your other student loan options below.

First, am I eligible?

To qualify for a Collage Ave undergraduate student loan, you need to meet the following criteria:

  • US citizen or permanent resident — or apply with a cosigner who is
  • Enrolled in a degree program at an eligible school
  • Maintain satisfactory academic progress, as reported by your school
  • Meet additional eligibility and credit requirements — or have a cosigner who does

What states is College Ave available in?

College Ave undergraduate student loans are available in all 50 states — as long as you’re attending an eligible school.

What makes College Ave student loans unique?

College Ave’s undergraduate student loans stand out thanks to their quick application process — you can apply and receive a decision within minutes. Its loans also come with low starting rates, multiple loan terms and several in-school repayment options to fit every budget.

How do College Ave student loans work?

College Ave offers undergraduate student loans from $1,000 all the way up to 100% of your school-certified cost of attendance. You have the choice of paying off your loans over 5 to 15 years with competitive starting rates — though its maximum APRs are on the higher side compared to other lenders.

The application takes only minutes to fill out — and you’ll receive a decision almost immediately. After that, you’ll be prompted to accept the loan terms and e-sign your loan documents. However, it can take 10 or more days after the loan is approved for funds to be disbursed to your school.

Though College Ave is a direct lender, it doesn’t service its own loans. Instead, you’ll work with University Accounting Services to make repayments and manage your account.

What are the benefits of a student loan from College Ave?

From its high borrowing amounts to its flexible repayment options, here are a few highlights of College Ave’s undergraduate student loans:

  • Cover all costs. You can borrow up to 100% of your school-certified cost of attendance with College Ave.
  • Multiple loan terms. With loan terms ranging from 5 to 15 years, you have the flexibility to choose the option that best fits your budget.
  • Several in-school repayment options. You have your choice of full, interest-only, flat-fee or deferred repayments while you’re in school.
  • Quick application process. College Ave makes the application and approval process quick and simple. It can take mere minutes to receive a decision after applying.

What to watch out for

Be aware of these potential drawbacks before borrowing from College Ave:

  • High maximum rates. If you or your cosigner don’t have the best credit, you could face rates as high as 11.98%.
  • No forbearance and limited deferment options. If you’re facing financial hardship, there are very few options. You can only qualify for deferment if you’re an active student, and there are no formal forbearance programs.
  • Only one repayment plan once you leave school. Once you’re no longer an active student, you’re on the hook for principal and interest payments split evenly over your loan term. College Ave doesn’t offer income-based or graduated repayment options.

Compare other private student loan options

Name Product APR Min. Credit Score Loan amount Loan Term
EDvestinU Private Student Loans
4.092% to 8.609% with autopay
$1,000 - $200,000
7 to 20 years
Straightforward student loans for undergraduate and graduate students.
CommonBond Private Student Loans
3.74% to 10.74%
$5,000 - $500,000
5 to 15 years
Finance your college education through this lender with a strong social mission and terms that fit your budget.
Edvisors Private Student Loan Marketplace
Varies by lender
Varies by lender
Varies by lender
Varies by lender
Quickly compare private lenders for your school and apply for the right student loan.
Credible Labs Inc. (Student Loan Platform)
Starting at 0.99% with autopay
Good to excellent credit
Starting at $1,000
5 to 20 years
Get prequalified rates from private lenders offering student loans with no origination or prepayment fees.

Compare up to 4 providers

College Ave reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 1.67 out of 5 stars, based on 6 customer reviews
Trustpilot Score 4.3 out of 5 stars, based on 57 customer reviews
Customer reviews verified as of 16 October 2020

How much do College Ave student loans cost?

College Ave doesn’t charge any application, origination or early payment fees, so your loan cost comes down to the interest rate you’re offered. You have your choice of fixed or variable rates:

  • Variable rates — 1.04% to 11.98%
  • Fixed rates — 4.54% to 11.98%

If you can qualify for the lowest rates, the loan could cost less than even federal loans. However, its maximum rates are on the high side compared to other lenders.

Does College Ave offer discounts?

Yes, you can qualify for a 0.25% interest rate discount by signing up for autopay.

What are my repayment options?

While you’re in school, you have a few payment plans to choose from:

  • Full repayments. Start making full principal and interest repayments as soon as your funds are disbursed to save the most in the long run.
  • Interest-only repayments. Pay interest that accumulates each month to reduce your loan balance.
  • Flat repayments. Make $25 payments each month to reduce the amount of interest that accrues.
  • Deferred repayments. Hold off on making any repayments until six months after you graduate or drop below half-time enrollment. While this is the cheapest option in the short term, you’ll pay more in interest over the life of your loan.

After your six-month grace period is up, you’ll be placed on a standard repayment plan based on your chosen loan term. This means you’ll be on the hook for interest and principal repayments split up evenly over the life of the loan.

Does College Ave offer deferment or forbearance?

College Ave doesn’t mention any formal forbearance or deferment options in the event of financial hardship on its website. Reach out to discuss your options with a customer service representative if you’re worried about missing a payment.

What servicer does College Ave use?

College Ave uses University Accounting Services (UAS) to handle your loan repayments. While UAS doesn’t have as many complaints as other servicers out there, a few customers have had issues with billing and collections. To avoid this, check your loan balance regularly to make sure your repayments have gone through and you weren’t incorrectly charged late fees.

You can learn more about what to expect with UAS servicing with our guide.

College Ave reviews and complaints

College Ave has been accredited with the Better Business Bureau (BBB) since 2015 and garners an A+ rating. As of November 2019, It’s only had 12 complaints filed against it in the last three years, though it only earns 2 out of 5 stars based on four customer reviews. It fairs better on TrustPilot, earning 4.3 out of 5 stars based on nearly 60 reviews.

For the most part, customers seem happy with its easy online application process and helpful customer service team. The few negative comments centered around borrowers unhappy with the high rate they received.

How do I apply?

The College Ave online application process is simple and quick — follow these steps to get started:
    1. Go to College Ave’s website and click Apply Now.
    2. Click Undergraduate Student Loan, then click Student Borrower.
    3. Click Start a New Application.
    4. Gather the necessary information, then click Get Started.
    5. Fill out the application with details about yourself, your school and how much you need to borrow.
    6. Submit your application.

What information do I need to apply?

Have the following information on hand to speed up the application process:

      • Mailing address
      • Email
      • Phone number
      • Date of birth
      • Social security number
      • Household income
      • School you’re attending
      • Expected graduation date
      • Cost of attendance
      • Requested loan amount

What happens after I apply?

You should receive a decision within minutes of submitting your application. If you’re denied, you have the option of reapplying with a cosigner to help you qualify.

If approved, College Ave will send you your loan documents outlining your interest rate and loan terms. If you agree, sign you documents and choose a repayment plan. Once you’ve returned your contract, it can take up to 10 days for your funds to be disbursed to your school.

What other student loans does College Ave offer?

College Ave offers several other student loan products, including:

      • Career student loans. Cover an associate’s degree at select community colleges around the country with College Ave’s career loans.
      • Graduate student loans. Finance your graduate degree, with special options for MBA, medical, dental and law school students.
      • Parent loans. Parents can help pay for their child’s degree with College Ave’s parent loans, which come with flexible in-school repayment options.
      • Student loan refinancing. Refinance both federal and private student loans with competitive rates and a wide range of repayment terms from five to 20 years.

More about College Ave

College Ave has been in business since 2014 and understands the stress of applying for loans. It’s the company’s goal to provide a different and uncomplicated path to student loans.

See how College Ave stacks up to other providers with our guide to student loans.

Frequently asked questions

Student loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate student loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

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