Alert
Before refinancing your existing federal student loans, please carefully consider current federal benefits. Due to COVID-19, the Federal Government is offering benefits that only apply to certain federal student loans. These unique federal benefits will no longer apply if you refinance your existing federal loans with a private lender like College Ave.
Learn more about the benefits you may receive, pertaining to federal student loans and the CARES Act.

Refinance Your Student Loans

Refinancing an existing student loan with College Ave can seriously reduce your monthly payments and even the total cost of your loan.1

Variable Rates

3.64% - 8.99% APR

Fixed rates icon

Fixed Rates

3.74% - 8.99% APR

(all rates shown include auto-pay discount)2

Get My Rate in 1 Minute

Don't worry - checking your rate won't impact your credit score

The Secret to Saving Thousands on Your Student Loans

While borrowers frequently refinance debt like mortgages or car loans, many people do not realize they can refinance student loans as well. Refinancing options are more accessible for borrowers than ever before.

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We Offer Major Help And Minor Stress

We’ll help guide you through the process to find the right loan term and interest rate for you and the family budget.

Calculate Your Savings
FF

Francisco F.

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Very satisfied customer

I'm very happy with College Ave. They are very helpful, precisely and they really work with you. And is true when they tell you, you can get approved I three minutes. Another thing when you called them they are there for you and they answered any questions you have.

AR

Andrew R.

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Fast and comprehensive

Everything was easy to fill out and the interface made all the technical stuff make more sense. Overall a good experience so far!

KS

Kristen S.

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College Ave customer service is great.

College Ave made the loan process easy. They communicated every step of the way and included weekly status updates. They have several loan options and were competitive on interest rates.

SEE ALL REVIEWS
diverse group of people
Rates & Repayments

Make Your Payments Work For You

Is anyone ever happy with “one-size-fits-all”? We don’t think so. Everyone has their own personal budget and goals. With us, you can choose the repayment term that works best for you. Refinance loan amounts as low as $5,000.3

Rate Options

Fixed Rate

Interest rate does not change for the life of the loan

Keypoints
  • Fixed interest rate will not increase or decrease
  • You know payment amount and total cost up front
Variable Rate

Interest rate changes based on changes to a market index (e.g., LIBOR)

Keypoints
  • Variable interest rate is likely cheaper to start, you should consider your personal tolerance for the risk that it could go up (or down)
  • You benefit if the interest rate index remains the same or decreases

Super-Flexible Terms

We'll help you choose how many years you take to pay back your refi loan so you can be confident that your loan is working for you.

Save more
Save More Overall

Save on total interest but make bigger monthly payments

  • Between 5 and 20 years4
Pay Less
Pay Less Monthly

Make smaller monthly payments but pay more in interest overall

How We Compare With Other Lenders

Lenders

sofi
citizens-bank
commonbond
Fixed and variable rates
Yes
Yes
Yes
Yes
Application fees
No
No
No
No
Choice of loan terms (how long you take to repay)
16
5
4
5

Comparisons based on information obtained on the lenders' websites as of July 29, 2020.

Fixed and variable rates

Yes

Application fees

No

Choice of loan terms (how long you take to repay)

16

sofi
Yes
No

5

citizens-bank
Yes
No

4

commonbond
Yes
No

5

Comparisons based on information obtained on the lenders' websites as of July 29, 2020.

  1. College Ave Refi Education loans are not currently available to residents of Maine.
  2. The 0.25% auto-pay interest rate reduction applies as long as the borrower or cosigner, if applicable, enrolls in auto-pay and authorizes our loan servicer to automatically deduct your monthly payments from a valid bank account via Automated Clearing House (“ACH”). The rate reduction applies for as long as the monthly payment amount is successfully deducted from the designated bank account and is suspended during periods of forbearance and certain deferments. Variable rates may increase after consummation.
  3. $5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees. Information advertised valid as of 07/29/2020. Variable interest rates may increase after consummation.
  4. This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.