Your family is unique. Your loan should be too.
Create a parent loan that fits your budget and your life.Apply now
Loans start at $2,000 and can cover up to 100% of the student’s cost of attendance1
Money to cover tuition and fees goes straight to the school on their preferred schedule
With no origination fee, the average customer will save around $500 with the College Ave Parent Loan vs. the Federal Direct Parent PLUS program3
In addition to the school funds, we’ll deposit up to $2,500 in your account for extra education expenses2
You control the money for books, electronics, dorm supplies, and more
Start paying in full right away, or limit monthly payments during school while you have extra costs
You decide how long you take to pay the loan back
Choose a low fixed or variable rate
You choose to pay back in as little as 5 years or take up to 12 (or pick something in between).6
Find your perfect fit.
We offer the most options so you can build a private parent loan that fits your budget and your life, and we’ll make it fast & easy.Apply Now
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC, or The Middlefield Banking Company, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
1As certified by your school and less any other financial aid you might receive. Minimum $2,000.
2In order to receive up to $2,500 direct, a valid bank account must be designated for direct deposit of funds, and $2,000 or more must be certified by, and scheduled for direct disbursement to, the school.
3Calculations are estimates only. Calculations assume a parent borrower takes out a loan for $14,750 (before fees), has one loan disbursement, and uses a 10-year standard repayment plan. Calculations are based on Direct PLUS Loan information available on https://studentaid.ed.gov including a 6.31% interest rate and 4.272% loan fee, vs. a College Ave Student Loans Parent Loan with a 6.75% interest rate and no loan fee. Federal loans carry special benefits, such as public service forgiveness, that are not available with private loans. According to the College Board, the average amount borrowed by parents through the Parent PLUS program in 2014-15 was $14,750.
4The 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.
5You can elect a set monthly payment amount of “Interest Plus” in increments of $20. If you select a variable rate loan, note that we require you to pay at least the monthly interest charges during the in-school period, so your minimum monthly payment due will be the “Interest Plus” monthly payment amount that you selected or the interest due, whichever is greater. Loans will never have a full principal and interest monthly payment of less than $50.
6This informational repayment example uses typical loan terms for a parent borrower who selects the Full Principal & Interest Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.83% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $114.82 while in the repayment period, for a total amount of payments of $13,778.89. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
Information advertised valid as of 5/15/2017. Variable interest rates may increase after consummation.
WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE (IN WHOLE OR IN PART) THIS LOAN PROGRAM AND ITS ASSOCIATED SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK WWW.COLLEGEAVESTUDENTLOANS.COM FOR THE MOST UP-TO-DATE INFORMATION.
College Ave Student Loans . 1105 N Market St . Wilmington, DE . 19801