College Ave Undergraduate Student Loan Review
College Ave is the new entrant on the student loan scene, and was founded by former Sallie Mae executives. College Ave positions itself as having flexible repayment terms and helps borrowers obtain a lower monthly student payment (not just a lower interest rate). College Ave also has a fast application process.
College Ave Undergraduate Student Loan Overview
|Fixed Rate:||4.75% - 7.35%|
|Variable Rate:||3.09% - 9.56%|
|Minimum Loan Amount:||$2,000|
|Maximum Loan Amount:||Cost of Attendance|
|Minimum Loan Term:||5 years|
|Maximum Loan Term:||15 years|
*Fixed and variable rates are based on APRs and include an ACH AutoPay interest rate reduction of 0.25%.
Flexible Payment Terms
|Payment Plan||Overview||In-School Cost||Overall Cost|
|Full Principal & Interest Repayment||Pay your principal and interest while in school||Highest||Lowest|
|Interest Only Payment||Pay only interest charges each month while you are in school||Moderate||Moderate|
|Flat Payment||Pay $25 each month while you are in school to reduce your accrued interest||Lowest||Higher|
|Deferred Payment||Defer any payments until after you graduate||None||Highest|
- Proof of income and employment (e.g., recent pay stubs) from co-signer
- Lemonade Tip: College Ave provides loans to bachelors and associates degree programs.
- Lemonade Tip: You can choose a loan term that works best for you – 8 or 10 or 12 or 15 years.
Applying is super easy – get your new rate within 2 minutes
*Checking your rate will not affect your credit score.
4 Best Undergraduate Student Loans of 2016
Want to save money on your college loans? These lenders represent our top undergraduate student loan picks for 2017, and may be able to help you save thousands of dollars on your college student loans by offering lower interest rates and lower monthly payments. That’s real money back in your pocket.
Learn your new student loan interest rate in a matter of minutes.
Undergraduate Student Loans – Best of the Best
|Lender||Rates (APR)||Loan Terms (Years)||Get Your Rate||Learn More|
|3.09% - 11.85%||5, 10, 12, 15||2 minutes||START SAVING|
|3.28% - 7.24%||5, 10, 15, 20||2 minutes||START SAVING|
*Make Lemonade is not a lender and does not make loans. We are a free, independent and unbiased website that helps empower borrowers so they can make more informed financial decisions. The rates, terms and other student loan information provided on this website do not legally bind Make Lemonade or the lenders referenced herein. The rates, terms and other student loan information are estimates and may change periodically and/or differ from your final rate and terms, which may be based on your individual credit profile and other factors as determined solely by the lender. If you would like to apply for a loan, please visit the website(s) of each lender and carefully review their rates, terms and conditions for further information. Average savings is for all customers generally, and not necessarily for this product specifically.