College Ave – Personal Loan
College Ave is a dedicated private student lender offering undergraduate, graduate, parent, and refinancing loans with 3-minute pre-approval and customizable terms.
Applying does not obligate you to accept a loan offer.
College Ave Student Loan – Review 2026
College Ave is one of the largest pure-play private student lenders in the United States. Founded by former Sallie Mae executives, it focuses exclusively on student loans and student loan refinancing.
Loan Range
Loans range from $1,000 up to the full cost of attendance (capped at $150,000 for some programs) with terms of 5 to 15 years. APRs from 3.99% to 17.99% with no origination, prepayment, or application fees. The Multi-Year Peace of Mind program lets borrowers lock in approval for the full degree period.
Repayment Options
Four in-school repayment options: full payment, interest-only, $25 fixed payment, or full deferment. A 6-month grace period follows graduation. Cosigner release is available after 24 months of on-time payments.
✓ Pros
- Fast pre-approval
- Wide loan range
- No fees
- Cosigner release
✗ Cons
- Higher max APR 17.99%
- Requires good credit or cosigner
- Refi minimum $5,000
Loan Example
Example: $30,000 undergrad loan refinanced over 10 years at 6.99% APR = monthly payment of $348.32, total payable $41,798.40.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ US citizen, permanent resident, or eligible visa
- ✓ Enrolled in eligible school
- ✓ Credit score 660+ or qualified cosigner
- ✓ Verifiable income (refi)
Loan Features
- 3-minute pre-approval
- Undergrad, grad, parent, refi
- Loans up to $150,000
- Cosigner release in 24 months
- Multi-year approval option
Frequently Asked Questions
3 minutes pre-approval after submitting your application.
The minimum amount at College Ave is $1,000 USD.