College Ave has a lot of upside, but is it the best way to finance your education? Here’s what you need to know about College Ave private student loans.

---

---

What is a College Ave private student loan for?

First things first regarding federal vs private student loans: Federal student loans should be your first stop when looking to fund your schooling. That’s because they come with a handful of standardized benefits that you just won’t find with private student loans, namely:

• Most don’t require a credit check.
• You’ll benefit from hardship programs, such as income-driven repayment and forbearance, for qualifying situations.
• Interest rates are fixed and considerably lower than most maximum APRs you’ll find with private student loans.

So who benefits from a College Ave private student loan?

In short, those who either don’t qualify for a federal student loan at all—or those who need additional aid to supplement their federal student loan for school-certified expenses could do well with a College Ave private student loan.

It’s ideal for picking up where federal aid leaves off for things like dorm expenses, meals, and textbooks. And if federal aid isn’t on the table for you at all, College Ave can be a solid main source of funding. Its loans don’t come with origination fees, and they provide multiple repayment plans to fit different budgets. It even offers an extra lengthy maximum repayment term of up to 20 years.

But its maximum loan amount of $300,000 for graduate degrees may not be enough for everyone (medical, dental, pharmacy, and vet degrees can reach up to $500,000 for example), especially those using College Ave as a primary source of financing.

All to say, College Ave private student loans won’t be the right fit for every borrower. Here’s what you need to know about College Ave private student loans.

Pros and cons of a College Ave private student loan

Different types of College Ave private student loans

College Ave has a sizable number of private student loans to choose from. Some are effectively the same loan, just marketed toward specific demographics; but some offer varying repayment terms and maximum loan amounts. Here’s what’s on offer:

• Undergraduate loans: You can pursue funding for both associate and bachelor’s degrees. That’s a nice perk, as not all private student loans will finance an associate’s degree.
• Career training loans: Enroll in undergraduate, graduate, and graduate health profession programs. You’ll receive between $100,000 to $150,000 in maximum funding, depending on which program you pursue.
• Graduate loans: Those going for master’s or doctoral degrees will choose graduate loans with up to 15 year terms.
• Parent loans: This is designed for parents looking to help their child fund their education without impacting their credit score. College Ave typically offers four repayment terms for most of its loan types—but this one only has two (5 and 15 years).
• MBA loans: Good for anyone pursuing a Master of Business Administration degree, such as healthcare management or finance. It also comes with a more generous grace period of nine months (instead of the standard six months).
• Law school loans: Those enrolled in a Juris Doctor (JD) degree at an eligible school qualify for this loan. You’ll get up to 20 years to repay your loan with the option to fully defer your repayment during clerkship.
• Medical school loans: This is for those enrolled in a MD, DO, DVM, VMD, or PM program. You can choose to fully defer repayment during your residency and fellowship—and you’ll have a whopping 36-month grace period and up to 20 years to repay your loan.
• Dental school loans: Enroll in DDS or DMD to qualify for this loan. You’ll receive a longer-than-average 12-month grace period and up to 20 years to repay. You can also defer repayment during your residency.
• Graduate health professions loans: Those pursuing degrees in fields like pharmacy, nursing, and physical therapy will receive up to a 20-year term and the ability to defer repayment during fellowship or residency.
• STEM loans: Tailored to Master of Science, Master of Engineering, and Doctor of Engineering degrees, this loan offers a maximum 15-year term with a nine-month grace period.

---

---

How to qualify for a College Ave private student loan

Remember: Federal student loans are typically notably easier to be approved for than private student loans for most undergrads. It doesn’t require a credit check, and eligibility is based on submitting your FAFSA application, while private student loans require underwriting and good credit. In short, you must:

• Be at least 16 years old
• Have a valid Social Security number
• Enrolled in an eligible degree-granting institution in the U.S. (College Ave has an approved list)
• Meet the satisfactory academic progress (SAP) guidelines of your school
• Have good credit

Especially for young adults, private student loans typically require a cosigner (such as a parent) who has a more established and impressive credit history.

What repayment options do College Ave private student loans offer?

College Ave’s repayment options vary depending on which degree you’re pursuing. Across its loan types, you can expect term length options of 5, 8, 10, 15, and 20 years. You’ll also find:

• Standard repayment plans: Make fixed monthly payments for the duration of your loan term.
• Graduated repayment plans: Lower initial payments that increase (typically every two years). This can benefit those who would prefer a smoother transition into payments and expect to be able to afford larger payments down the road.
• Income-driven repayment plans: Make monthly payments based on your income and the size of your family. Payments are recalculated yearly. This is great for those worried about unsteady income.

What do customers say about College Ave private student loans?

It’s atypical to find a financial institution with a solid rating across online reviews sites, as the most motivated reviewers tend to be those that feel wronged in some way. College Ave breaks that mold, maintaining an impressive 4.5 rating out of 5 stars with more than 3,300 reviews on Trustpilot as of this writing.

Customers comment on the easy application process, the friendly customer service representatives, and the myriad loan options available. Still, there are anecdotal reviews that state payments took too long to post and the customers were hit with late fees. Some also dislike how high interest rates can be for those with less-than-perfect credit.

The takeaway

College Ave shines when it comes to a low minimum APR, making it a great option for those with a stellar credit score and an overall healthy financial picture that qualifies them for the lowest rate. It also caters to a long list of eligible degrees, offering up to 20-year terms depending on the specific program. That’s well above average.

For those looking to supplement their federal aid, College Ave should likely be a contender for your business.

Frequently asked questions

Are College Ave private student loan interest rates competitive in 2026?

College Ave private student loan interest rates are competitive in 2026. The lender boasts among the lowest minimum APR in the industry—though it also has one of the highest maximum APR for those with less-than-impressive credit.

What credit score do you need for approval with College Ave private student loans?

College Ave doesn’t publicize a firm minimum credit score to be approved for a private student loan. However, it does stipulate that cosigners must have a minimum score in the mid-600s, intimating that could be the baseline credit score they look for across all borrowers.

How do fixed and variable rates work on College Ave private student loans?

Fixed rates remain the same for the life of your loan, helping you to anticipate your monthly payment amount. Variable rates can fluctuate over time, which can affect your monthly payment (for better or worse).

Does College Ave require a cosigner for most private student loan borrowers?

College Ave doesn’t require a cosigner for most private student loan borrowers unless they have thin or bad credit history. The reason to add a cosigner is if you can’t get approved with your own credit—or if a cosigner can qualify you for better interest rates.

How much can you borrow with College Ave private student loans?

You can borrow between $150,000 and $500,000 in College Ave private student loans, depending on the degree you’re chasing.