Undergraduate Student Loans

Our student loans can cover up to 100% of your cost of attendance1, including tuition, fees, books, housing, and other college costs.

Variable Rates

2.99% - 14.86% APR

Fixed rates icon

Fixed Rates

3.99% - 14.96% APR

(all rates shown include auto-pay discounts)2

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Variable vs. Fixed Rates: Which is right for you

It’s important to understand the difference between variable interest rates and fixed interest rates on undergraduate student loans. Learn the basics so you can pick the best one for you with confidence.

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Get the Money you Need to Complete your Degree with College Ave Multi-Year Peace of Mind®

Your education doesn’t stop at one year and neither should your loan. Thanks to College Ave Multi-Year Peace of Mind, 95% of our undergraduate borrowers are approved for additional loans to cover their degree when they apply with a cosigner5. That’s less stress from start to finish.

diverse group of people
Rates & Repayment

You Want Options.
We've Got Them.

With more repayment options, the less you have to worry. Why? Because the way you repay your loan drives how much you’ll save in the end. And if you start making payments sooner–or pay more each month–you can lower the cost of the loan over time. When choosing your repayment options, consider how much you feel comfortable paying each month, and how quickly you hope to have your loan entirely paid off.

This way you’ll feel confident that when you make your monthly payment it’s working extra-hard for you.

Repayment Options

Full Principal & Interest Payment

Start repaying your principal and interest right away to save the most.

Keypoints
  • Highest in-school payment
  • Lowest overall cost
Interest Only Payment

Pay the interest charges each month as you go during school.

Keypoints
  • Moderate in-school payment
Flat Payment

Make $25 payments each month3 during school to reduce your accrued interest.

Keypoints
  • Lowest in-school payment
Deferred Payment

No in-school payments required, but you'll pay more in interest over the life of your loan.

Keypoints
  • No in-school payment
  • Highest overall cost

Loan Payments on Your Terms4

How many years will it take you to pay back your undergraduate loan? With us, you choose the loan term that works best for you.

Save more
Save More Overall

Save on total interest but make bigger monthly payments

  • 5 years
  • 8 years
  • 10 years
  • 15 years
Pay Less
Pay Less Monthly

Make smaller monthly payments but pay more in interest overall

Cosigning Made Easy

Learn About Cosigning

Usually, students don’t have the credit or income requirements to qualify for a private loan by themselves, so a parent or other adult with good credit will need to cosign the private undergraduate student loan. This way, both the student and cosigner share equal responsibility for the loan.

calculator

See Your Loan in Action

Put anxiety on the sideline when you see what your future loan will look like and how you can make your loan work for you. We’ll show you all your options and rates so there are no unexpected surprises.

Calculate Your Loan!

Feeling Stressed?
We've Got A Better Process.

person using a laptop to research
in-school payments
person browsing College Ave Student Loans application loan options
car driving
Auto-pay set up

90 days before school starts

Think about how much money you’ll need to borrow and who might cosign the loan with you.

60 days before school starts

Start shopping around for the best loan by getting quotes, rates and terms from several lenders and know for sure who your cosigner will be.

30 days before school starts

Apply for your student loan. Once approved we’ll work with your school directly to certify the loan.

10 days before school starts

Make sure you’ve received confirmation that the money is scheduled to be sent to your school.

30 days after the money is sent to your school

Be on the lookout for your first loan statement. If you’re making payments right away, consider signing up for autopay.

8 Things You Need To Know About College Award Letters

Read More

How We Compare With Other Lenders

Lenders

College ave student loans
Discover
Sallie Mae
Number of Repayment Options
4
4
3
Choice of loan terms (years you take to repay)
Yes
No
No
Apply In 3 Minutes
Yes
No
No
Fees To Apply
None
None
None
Choice of Fixed or Variable Interest Rates
Yes
Yes
Yes

Comparisons based on information obtained on lenders' websites as of November 1, 2022.

College ave student loans

Number of Repayment Options

4

Choice of loan terms (years you take to repay)

Yes

Apply In 3 Minutes

Yes

Fees To Apply

None

Choice of Fixed or Variable Interest Rates

Yes
Discover

4

No
No

None

Yes
Sallie Mae

3

No
No

None

Yes

Comparisons based on information obtained on lenders' websites as of November 1, 2022.

M

Mackenzie

star icon star icon star icon star icon star icon
Great company!

As someone who needs student loans to pay for every single year of college, I did my research on the best companies to get loans from. I have used College Ave for the past 3 years and will continue to use them for the next 4!

K

Kiana

star icon star icon star icon star icon star icon
Highly Recommend

I've been getting loans through College Ave for all student expenses all 3 years of my college career! They are always so helpful and it is a very easy process!

M

Morgan

star icon star icon star icon star icon star icon
Fast & easy

Thank you College Ave for making the borrowing process to secure my Senior year of college fast and easy.

SEE ALL REVIEWS

Additional Information About Undergraduate Student Loans

  • Who is eligible to take out a College Ave Undergraduate Student Loan?

    Undergraduates must be a U.S citizen or permanent resident enrolled at an accredited institution. International students with a U.S. social security number and a qualified cosigner are also eligible to apply for an undergraduate student loan. All students must meet the satisfactory academic progress guidelines as defined by their school.

    A cosigner may be needed for student borrowers who do not meet financial, credit or other requirements of taking out a private loan.

  • What is the most common undergraduate student loan?

    The most common undergraduate student loans are Federal Direct student loans. Federal student loans are funded directly by the federal government. Those who do not qualify for federal loans or who have already exhausted their federal loans often consider private undergraduate student loans.

    Private loans are any student loans issued by banks or other private lenders. When it comes to choosing an undergraduate student loan, there is no one-size-fits-all solution; students should compare their options and find a solution that works best for their financial situation. Read more.

  • Do I need a cosigner for an undergraduate student loan?

    Undergrads typically don’t have enough credit history or income for lenders to consider them strong candidates for a loan on their own. Lenders, like College Ave, will likely require the student to apply with a cosigner to be approved for a student loan.

    Parents, guardians, or close family members most frequently cosign undergraduate student loans. A cosigner should have a reliable and trusting relationship with the borrower since both share equal responsibility for the loan. Additional criteria varies by lender but typically includes:
    - Good credit (cosigners with exceptional credit can help borrowers get a lower interest rate)
    - Solid debt repayment history
    - Steady income

    Learn more about cosigning a College Ave Undergraduate Student Loan.

  • What is the student loan limit for undergraduates?

    The limits on loans for undergraduate students are dependent on several factors, including whether the loan is federally or privately managed. Read more.

    College Ave’s Undergraduate Private Student Loans offer:
    - Yearly limit: up to 100% of the school-certified cost of attendance.1
    - Lifetime limit: varies based on creditworthiness and chosen degree.
    Loan limits only cap the amount borrowed before interest is applied. They do not reflect the maximum amount of debt that the student may take on as a result, which can be much higher.

  • What do you need to apply for a College Ave Undergraduate Student Loan?

    To apply for a College Ave Undergraduate Student Loan, you and your cosigner (if applicable) need to have the following information ready:
    - Contact information
    - Date of birth
    - Social Security number
    - Household income
    - School of attendance
    - Cost of attendance
    - Expected graduation date
    - Requested loan amount
    Once you have this information, applying for an undergraduate student loan from College Ave is simple. In fact, it only takes about three minutes to fill out our application and receive a credit decision.
    Get started today!

You’ve Got This, We’ve Got You

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Are international students or cosigners eligible for your loans?

International students with a valid US social security number are eligible to apply for a student loan with College Ave Student Loans.

In order to be approved for a College Ave undergraduate student loan, an international student will be required to apply with a qualified cosigner.

Do you have multi-year approval?

With College Ave Multi-Year Peace of Mind® you can get the money you need for your entire degree. 90% of our undergraduate borrowers are approved for additional loans to cover their degree when they apply with a cosigner5. This means less stress for more semesters.

  1. As certified by your school and less any other financial aid you might receive. Minimum $1,000.
  2. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
  3. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
  4. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
  5. A new loan application is required each year. The 95% approval percentage is based on students with an existing College Ave Undergraduate Loan who applied with a cosigner for another College Ave Undergraduate Loan in academic year 2021.
  6. ©2017-2022 and TM, NerdWallet, Inc. All Rights Reserved.