Parent Loan

Help pay for your child’s education with a custom parent loan with repayment flexibility and no origination fees. You can also get up to $2,500 of the loan1 delivered straight to you to control the spending on extra education expenses.

Variable Rates

5.49% - 16.99% APR

Fixed rates icon

Fixed Rates

4.41% - 16.99% APR

(all rates shown include auto-pay discounts)1

Cosigning On a Loan vs. Taking Out a Parent Loan

As a parent, you want only the best for your child. Starting college can be an exciting milestone, and if you’re pitching in financially, you’ll want to explore all of your options. Many parents use student loans as a way to help pay for their kid’s college.

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diverse group of people
Rates & Repayments

Make your Payments work for you

The way you repay your parent loan drives how much you can save long-term. If you start making payments sooner, or pay more each month, you can lower the cost of the loan over time. But if your monthly budget requires an option that’s more flexible, we can guide you to a loan that works better for you.

Repayment Options

Interest Only Payment

Pay just the interest charges each month while your child is in school to manage your monthly budget.

  • Lowest in-school payment
  • Highest overall cost
Interest Plus Payment

As long as you cover at least the interest charges each month, we'll let you set your own monthly payment while your child is in school.2

  • Moderate in-school payment
  • Moderate overall cost
Full Principal & Interest Payment

Start repaying your principal and interest right away to save the most.

  • Highest monthly payment
  • Lowest overall cost

Repayment Options That Work For You

How many years will it take you to pay back your parent loan? We'll help you choose the right loan-term that works with your life.

Save more
Save More Overall

Save on total interest but make bigger monthly payments

  • Between 5 and 15 years3
Pay Less
Pay Less Monthly

Make smaller monthly payments but pay more in interest overall


of all customers choose a repayment term of 10 years or less


of borrowers are making on time payments


We Offer Major Help And Minor Stress

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

No Surprises Here

Here are some key dates to plan for prior to sending your student off to school.

school building 60 - 90 days

Shop around for the right loan using our prequalification tool to see your estimated rates.

car of people moving 30 - 45 days

By now, you should have received a tuition bill. Apply for a loan here in 3 minutes. When your loan is approved, we'll work with the school to certify the loan.

building 10 - 14 days

Make sure you've received confirmation that the money is scheduled to be sent to your school.



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Father of two

Great Service. Great Product. Great Rates. You should be extremely proud of your staff, from the online chat team to your customer service call center. Very happy to be working with an organization like yours. Made applying and getting a college loan very easy.



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Very good process with many follow ups.



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Very helpful!

The representatives were very friendly and helpful. They answered all my questions and made me feel more at ease when I was applying for the student loan for my daughter. Thank you, College Ave.


Additional Information About Parent Loans

  • Can parents get a student loan for their child?

    Yes! Parents, guardians, or other family members can choose to take out a private parent loan to help fund their student's college experience. The loan is entirely in the borrower's name rather than the student's, and the borrower takes full responsibility for repaying the loan.

  • What is a private parent student loan?

    Private parent student loans come from private entities such as a bank or credit union. They are available to parents or guardians who want to take on the full responsibility for paying for any gaps in covering the expense of their child's education after financial aid, scholarships, and federal student loans.
    Offered with a choice of fixed or variable interest rates, they cover education-related costs such as tuition and fees, room and board, books and supplies, and living expenses. Different lenders each have their own repayment plans.
    A private parent student loan is taken out in the parent's name only and does not impact the credit or finances of the student. The parent is solely responsible for repayment of the loan.

  • What's the difference between a Parent PLUS Loan and a private parent loan?

    A Parent PLUS Loan is a federal loan available to parents to cover the costs of their child's education. A private parent loan is money a parent borrows from a private entity such as a bank or credit union to help pay for their child's degree.

  • How do college parent PLUS loans work?

    Applied for via the FAFSA, Free Application for Federal Student Aid, a Parent PLUS Loan comes with a fixed interest rate for the life of the loan. Parent PLUS Loans also include an origination fee of 4.228% of the principal loan amount. That fee applies to loans originated between October 1, 2020, and October 1, 2022.

  • Do parents need good credit for student loans?

    As with any kind of loan, a good credit history helps ensure eligibility. Individuals with poor credit history may not be able to take out parent loans for college students, and rates for the best parent loans for college students tend to be lower for those with better credit scores.
    Private lenders each have their own application process, eligibility requirements, and interest rates are determined by credit and other financial criteria. Private parent student loans typically come with a choice of fixed or variable rates. Interest rates and fees on private parent loans are likely to vary from lender to lender and may be lower than Federal Parent PLUS loan interest rates and fees.

  • How much can you take out in parent loans?

    The borrowing limit for federal parent student loans is the cost of attendance after applying the student's other financial aid such as grants or scholarships.
    Private lenders each set their own limits. The borrowing limit for our private parent student loans is up to 100% of the school-certified cost of attendance.

  • Who is eligible for a private parent loan?

    Eligibility for private parent loans may vary from lender to lender. College Ave's parent student loan is available to parents, grandparents, guardians or other family members (like aunts or uncles) who want to help cover the cost of the child's education. Approval for the loan will depend on the parent or guardian's credit history and income review.

  • Do you have to make payments on parent loans while your student is in school?

    Repayment options depend on if you utilize a federal Parent PLUS Loan or a private parent loan, like one from College Ave.
    College Ave's parent loans allow you to choose what payments work for your while your child is in school:
    Interest-Only Payments - pay only the interest charges on your loan every month.
    Interest Plus Payments - pay the interest on your loan and a set incremental amount every month.
    Full Principal & Interest Payments - pay down the principal and interest on your loan to save the most money long-term.
    If you have a federal Parent PLUS Loan, you will be expected to make payments on the loan once it's disbursed to your school. You may request a deferment on the loan.

  • Where are parent loan funds disbursed?

    With federal Parent PLUS and most private parent loans for college, the money is disbursed directly to the school.

You’ve Got This, We’ve Got You

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Are international students or cosigners eligible for your loans?

International students with a valid US social security number are eligible to apply for a student loan with College Ave Student Loans.

In order to be approved for a College Ave student loan, an international student will be required to apply with a qualified cosigner.

How much of my education costs will this loan cover?

Credit-worthy applicants can borrow up to 100% of the school-certified cost of attendance4, which typically includes things like tuition and fees, books and supplies, room and board, transportation and personal expenses. The minimum amount you can borrow is $1,000.4