College Ave Review

Rating: 9.6 / 10 (Excellent)
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Founded in 2014 and headquartered in Delaware, College Ave Student Loans is a company run by former corporate executives looking to make the student loan application process streamlined and straightforward. The company offers student loan products through Firstrust Bank or The Middlefield Banking Company, members FDIC. They hold a Better Business Bureau rating of A+.

College Avenue - Overview

Founded in 2014, College Avenue Student Loans LLC operates an online marketplace that connects students with multiple student loan lenders in order to finance their educations. The Delaware-based company was founded by former corporate executives who specifically wanted to provide consumers with a quick and stress free loan application process. College Avenue works with each prospective borrower individually in order to craft a customized student loan that best suits their situation. Approval can be received in as little as 3 minutes using a tablet or smartphone. Loans are underwritten by either Firstrust Bank or The Middlefield Banking Company.

College Ave has gotten favorable coverage in USA Today, Forbes, and US News and World Report. 

Student Loans Offered

College Ave provides private undergraduate, graduate, and parent loans. The company also offers student loan refinancing and does not charge origination or application fees. Rates are competitive and College Ave allows the facility of choosing fixed or variable. What's more, the company features more repayment options than usual for student loan providers, and the ability to choose your loan term. College Ave caps undergraduate and graduate loans at $80,000. 

  • Undergraduate
  • Graduate
  • Parent Loans - loans taken out entirely by the parents not involving the student in repayment
  • Student Loan Refinance

Maximum Loan Limit

Minimum Loan Amount


Maximum Loan Amount


College Avenue loans fund a semester, quarter, or up to a full academic year at a time.

Repayment Options

College Avenue offers four repayment options for all of its student loans. Whether it be paying back quickly to save more, or choosing a longer term if it fits your needs, College Ave. allows for a great deal of flexibility when paying back your loan.

  • Full Principal and Interest Payment - This option saves the borrower the most money over the course of the loan, but requires them to begin making full payments immediately.
  • Interest-Only Payment - This requires a moderate in-school payment of just interest on the loan every month while in school.
  • Flat Payment - $25/month payment while in school to help pay down interest, though not in full.
  • Deferred Payment - Pay nothing in school. this option will cost the most in the long run. 

Student Loan Rates

Fixed Rate

Variable Rate

Undergraduate Loan with Autopay

Fixed: 6.07% - 12.66%
Variable: 3.92% - 11.52%

Graduate School Loan with Autopay

Fixed: 6.22% - 10.66%
Variable: 4.07% - 9.60%

Loan Terms

College Avenue allows borrowers to choose between 4 time spans for repayment. Longer terms equal lower monthly payments but more interest overall. Shorter terms will equal higher monthly payments but more savings in the end. 

Undergraduate Loan

8, 10, 12, or 15 years

Graduate Business School Loan

8, 10, 12, or 15 years


For student loans with College Ave., the borrower(s):

  • Must be a U.S. citizen or permanent resident. Permanent residents are the only eligible non-citizens.
  • Must have qualifying credit 
  • Must be enrolled in a degree program and attending classes at least half-time at an eligible school.
  • Must be making Satisfactory Academic Progress (SAP) according to the school’s definition

Online Application

College Scholarship Search

Student Loan Calculator

Savings Calculator

Application Process Time

3 minutes

Help and Support

Live Chat





Loan Related Fees

Origination Fee

Loan Application Fee

Prepayment Fee

Student Loans at College Avenue

College Avenue is a great place to start your student loan search primarily because of the company's excellent online tools and calculators that provide the customer with a no nonsense, easy-to-understand picture of what their student loan will look like. Borrowers can adjust factors in real time to see how much their graduate or undergraduate loan will end up costing in the long term with no surprises. The company is also up front about rates and provides a wealth of educational materials so the student and cosigner have a clear picture of exactly what they are getting into. In addition to flexible repayment packages, College Ave offers loans by the quarter, semester, or full academic year, so the maximum limit applies as such and is easily enough to pay expenses at most academic institutions.

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Top Rated
9.6 / 10
  • Multiple In-School Repayment Options
  • Online Account Provided
  • Undergraduate and Graduate Student Loans Offered
  • Check Application Status Online
  • Loan E-signing
  • Free Scholarship Registration
  • BBB A+ Rating