College Ave student loans review 2021


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Pros and cons

College Ave Undergraduate Study Loans

Regular annual interest rate

Variable: 1.04% – 11.98%, Fixed: 3.34% – 12.99%

  • Pros and cons

  • Details

  • pros
    • No prepayment or registration fees
    • International students eligible to participate with a suitable applicant
    • Low annual interest rate
    • Multiple maturity options
    • Lots of ways to contact support
    • Credit check required
    • Penalty for late payment
    • Apply via your computer or mobile device
    • Customer support is available by phone, text, email and live chat.
    • Five, eight, 10 or 15 years of maturity are available.
    • Delay in payment in the amount of 5% of the amount due, but not more than 25 US dollars.
    • A loan of at least 1000 US dollars, up to a maximum of 100% of the cost of the visit.
    • Loans made through Firstrust Bank, FDIC member or MY Safra Bank, FSB, FDIC member

    College Ave offers competitive fixed and variable annual interest rates on undergraduate student loans and does not charge any issuance or prepayment fees. In addition, you can choose from a variety of terms of imprisonment, including five, eight, 10 and 15 year periods.

    You will be charged late fees at College Ave and credit checks are required to qualify for a loan.

    College Ave Graduate Study Loans

    College Aveloans for graduate students are not as good as loans for undergraduate students because the lender has an average annual interest rate compared to competitors and does not provide any fringe benefits. On the positive side, the company offers many deadlines and does not require fees for issuing documents or prepayments.

    How College Ave Student Loans Work

    College Ave offers student loans for various types of degrees, including undergraduate, graduate, vocational training, dentistry, law, MBA, and medical majors.

    To get a loan, you must meet the following requirements:

    • Be a US citizen or permanent resident or international student with a Social Security number and an eligible applicant.
    • Be enrolled in a school awarding an advanced degree, part-time or more
    • Achieve satisfactory academic performance as defined by your school
    • Pass a credit check

    You should think about yours federal student loan options before applying for private student loan, including one from College Ave, as you can usually get better terms and protection through the government.

    You can apply for a loan in just three minutes and you will need to provide the following information:

    • Contacts
    • Date of Birth
    • INN
    • Family income
    • School attendance and your tuition fees
    • Expected graduation date
    • The value of the loan

    There are several options for contacting College Ave support. You can call the company from 9:00 am to 10:00 pm ET Monday through Friday or Saturday from 9:00 am to 3:00 pm ET. You also have the option to send a text message to the lender. College Ave also has a live chat feature on its website where you can write to a representative. Alternatively, you can email the company.

    What are my College Ave student loan repayment options?

    You have four options for paying off your student loan after you have taken it out: deferral, flat rate, interest rate, and full repayment. Each option has its own advantages for different types of borrowers.

    Is College Ave credible?

    College Ave a company accredited by the Better Business Bureau and having A + in reliability from BBB. The BBB evaluates reliability by looking at companies’ responses to consumer complaints, honesty in advertising, and clarity about business practices.

    However, you don’t necessarily have a good relationship with College Ave just because the business has a top-notch BBB rating. You should talk to your friends and family, ask them about their experiences with the lender, and read customer reviews online.

    College Ave hasn’t been causing any public controversy lately, so you might decide it’s convenient for you to take a student loan from a company.

    Comparison of College Ave student loans with similar lenders

    College Ave’s rates are lower than those of comparable lenders, although rates depend on your credit standing and other financial factors. Here’s how College Ave compares to the competition:

    College Ave review and Sally Mae review

    If you have good credit, you will probably get a better annual interest rate with College Ave than with Sally Maeas College Ave has a lower minimum rate.

    Neither company will charge any loan origination fees or prepayment penalties, but you will pay 5% on late payment, up to $ 25, with both lenders.

    College Ave will tell you your rate and tell you if you approved the loan through a soft credit check, which will not affect your credit score. In the case of Sallie Mae, the lender will conduct a serious loan inquiry to determine your eligibility for a loan, which could negatively affect your credit rating.

    College Ave Review and Discover Review

    College Ave has a lower minimum annual income of up to Discoverand both have the same maximum annual rates. College Ave may be the best choice if you have an excellent credit history.

    Discover only has one standard term available for undergraduate student loans, 15 years, while you can choose from five, eight, 10, or 15 years with College Ave.

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