College Avenue Student Loans [2021 Review] – Requirements, Types & Loan Refinance

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College avenue student loans – Established in 2014, College Ave is an online bank representing considerable authority in private understudy/students loans and loan refinancing. Alongside its credit alternatives, borrowers will discover assets and grant openings on its site, which settles on it an incredible decision for borrowers new to educational loans or those entering the college interestingly. 

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College Avenue is a lending institution that offers different kinds of student loans. The loan services offered by the college are intended to help finance education expenses of students in higher education. The amount advanced through this type of loan can help defray the tuition and other college related expenses of a student. The type of loan that a student applies for depends on his situation and financial need.

One of the features of college avenue student loans is the way that worldwide students are qualified for credits/loans — they simply need to have a substantial U.S. Social Security number and a certified co-endorser/co-signer. College avenue student loans currently offer undergraduate, graduate, dental, law, clinical, MBA, parent and profession students loans. 

College Avenue Student Loans Requirements 2021

college avenue student loans
college avenue student loans

When you are applying for loans, there are a variety of options. The government will make you fill out a FAFSA, or Free Application for Federal Student Aid, once you have decided which college you want to attend. 

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This form is available online and can be filled out in just a few minutes. You will need your tax return and some identification information to complete this process quickly. Then you should receive a student aid report that will tell you the amount of money you need to pay for school and any other information you should know about applying for financial aid.

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To apply for a private student loan with college ave loans, you should: 

  • 1) Be a student of a qualified U.S. school or college. 
  • 2) Be a U.S. resident or worldwide/international student with a legitimate Social Security number.
  • 3) Gain acceptable scholarly progress or achievement while studying in the school. 

=> To apply for a refinancing loan, you should: 

  • 1) Be at least 18 years of age. 
  • 2) Be a U.S. resident or permanent citizen. 
  • 3) You should graduate from Title IV qualified undergraduate or graduate programs. 
  • 4) Meet College Ave’s endorsing necessities.

College Avenue Student Loans Types

College Avenue loans is a good resource for finding out more about loan types. It has student loan options for all levels of education, with career programs and refinancing.

1) Undergraduate Student Loans

INTEREST RATES

Variable Rates Icon Variable Rates

1.04% – 11.98% APR

Fixed Rates Icon Fixed Rates

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3.34% – 12.99% APR

(all rates shown include auto-pay discount)2

2) Graduate Loans (including MBA, law, dental, medical, and other advanced degrees)

a) Graduate Student Loans

  • INTEREST RATES
  • Variable Rates Icon Variable Rates
  • 1.99% – 10.97% APR
  • Fixed Rates Icon Fixed Rates
  • 4.49% – 11.98% APR
  • (all rates shown include auto-pay discount)1

b) Dental Student Loans

  • INTEREST RATES
  • Variable Rates Icon Variable Rates
  • 1.74% – 10.45% APR
  • Fixed Rates Icon Fixed Rates
  • 4.24% – 11.46% APR
  • (all rates shown include auto-pay discount)2

c) Law Student Loans

  • INTEREST RATES
  • Variable Rates Icon Variable Rates
  • 1.74% – 10.45% APR
  • Fixed Rates Icon Fixed Rates
  • 4.24% – 11.46% APR
  • (all rates shown include auto-pay discount)2

d) Medical Student Loans

  • INTEREST RATES
  • Variable Rates Icon Variable Rates
  • 1.74% – 10.45% APR
  • Fixed Rates Icon Fixed Rates
  • 4.24% – 11.46% APR
  • (all rates shown include auto-pay discount)2

e) MBA Student Loans

  • INTEREST RATES
  • Variable Rates Icon Variable Rates
  • 1.99% – 10.97% APR
  • Fixed Rates Icon Fixed Rates
  • 4.49% – 11.98% APR
  • (all rates shown include auto-pay discount)2

3) Parent loans

  • INTEREST RATES
  • Variable Rates Icon Variable Rates
  • 1.04% – 11.98% APR
  • Fixed Rates Icon Fixed Rates
  • 3.34% – 12.99% APR
  • (all rates shown include auto-pay discount)2

4) Career Loans

  • INTEREST RATES
  • Variable Rates Icon Variable Rates
  • 1.04% – 12.99% APR
  • Fixed Rates Icon Fixed Rates
  • 3.34% – 13.95% APR
  • (all rates shown include auto-pay discount)3
Source - https://www.collegeavestudentloans.com/student-loans/

Student Loan Refinance

When you refinance student loans you change your repayment terms and your interest rate, but you don’t necessarily change your college or school. You can consolidate federal student loans into one with a fixed interest rate, but you can also refinance student loans with a variable interest rate and keep the same college as your original plan. 

And, you can even combine federal and private student loans into one lower monthly payment. In short, if you need extra help getting through college, applying for student loans is a great way to help you through the tough times.

What’s more, with federal loans you can defer payments during the grace period between leaving school and starting your job. This means that you will not accrue any interest or start repaying student loan debt during that time. The only time you should consider repayment is if you plan to finish school and find a job or if you need additional financial assistance. If you are in need of money for personal expenses, deferments make perfect sense.

When it comes to private student loans, repayment plans are more flexible. Since most private loans are not federally subsidized, the government has the ability to set repayment plan rates as low as possible. 

college avenue student loans refinance
college avenue student loans refinance
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You can pay the full amount at any time or you can negotiate smaller monthly payments and longer repayment periods. However, even in these circumstances, you may have to choose between financial stability and good credit. For most people, sticking with their original loan terms is a better option.

How to apply for College Avenue Student Loans

When you have found an opportunity to apply for a federal loan, you will fill out the application and sign some papers. The loan company will then send you an envelope with some documents in it. These documents should include proof of your high school degree or the equivalent, your parent’s social security numbers, your passport, and proof of your income. Your loan repayment will depend on how much you earn, but it is a fixed rate and you do not have to pay interest until you complete your college degree program.

Applying for a private student loan is slightly different, but the process is still the same. You fill out an application, send it out, and expect to hear back from the lender soon. Most private lenders do not require you to fax over paperwork or submit anything else to them before they will begin the loan process. To apply for a loan through the College Fund for Students program, you will simply need to fill out the application, meet the eligibility requirements, and sign some papers.

Before you sign any papers, make sure you understand the repayment plan. If you are applying for federal loans, you will repay your loan through the Federal Family Education Loan Program (FFELP). The Department of Education offers six different programs for students, including subsidized and unsubsidized. Subsidized loans require no payment for 12 months while your subsidized loan has repayment terms of varying duration. Unsubsidized loans have variable repayment terms.

In order to apply for a Federal Direct Student Loan, you will need to be enrolled at a college. Once you have been accepted to a college or university, you will need to register with the institution that you are enrolled at. You can fill out the FAFSA online. Once you have filled out the FAFSA, it will be processed and sent to the Department of Education. Once the Department receives your application, they will determine your eligibility and then send you a notice of approval or denial. You can expect to hear from the Department of Education once you apply for a Federal Direct Student Loan.

College Avenue Student Loans Reviews

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