College Ave Student Loans Review 2023

College Ave is a reputable lender that specializes in student loans, offering a wide range of options for borrowers. Whether you’re a parent looking to support your undergraduate child or a graduate student pursuing advanced education, College Ave has you covered. With a focus on student loans since its establishment in 2014, the company has streamlined its application process, funding, and repayment procedures to make it easier for borrowers.

One of the standout features of College Ave is its quick approval process and excellent customer service. The lender provides multiple repayment terms to choose from, making it convenient for borrowers to find a plan that suits their financial situation. Additionally, College Ave offers parent loans, which are not commonly available from other private lenders.

While College Ave does not charge origination fees, borrowers should be aware of the late payment fee, which can be up to $25. Another point to note is that cosigner release is not available until half of the repayment term has passed, which may be longer compared to other lenders.

In terms of loan options, College Ave caters to undergraduate and graduate students, including those pursuing MBA, medical, and law degrees. The lender also offers student loan refinancing to help borrowers manage their existing debt more effectively.

Borrowers can choose from various repayment options, such as making interest-only payments while in school or deferring payments until after graduation. College Ave also provides up to 12 months of hardship forbearance over the life of the loan, with individual forbearance periods typically ranging from three to six months.

When it comes to eligibility, College Ave requires borrowers to attend an eligible school and have a credit score in the mid 600s or an eligible cosigner. The company also considers factors such as income requirements and debt-to-income ratio during the application process.

With a user-friendly website and a mobile app for convenient access, College Ave makes it easy for borrowers to apply for loans and manage their accounts. The lender also offers a loan calculator for comparing different loan scenarios and provides educational resources through its blog to help borrowers make informed decisions.

Overall, College Ave has received positive ratings from customers, with many praising the speed and convenience of the loan process. While there have been some complaints, the company’s A+ rating from the Better Business Bureau reflects its commitment to customer satisfaction.

In conclusion, College Ave is a reliable option for student loans, offering competitive rates, flexible repayment options, and excellent customer service. If you’re in need of financial assistance for your education, College Ave may be worth considering.