With no origination fees, our private student loans for parents are a great alternative to other parent loan options.
With a parent loan, you also get repayment flexibility and the option to have a portion of the loan sent straight to you for extra education expenses. It’s all about creating the perfect plan for your family and your student.
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Loans start at $1,000 and can cover up to 100% of the student’s cost of attendance1
Money to cover tuition and fees goes straight to the student's school on its preferred schedule
No fees to apply and no penalties for paying early.
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
Fixed Rate
6.62% - 10.57% APR
Variable Rate
4.96% - 9.94% APR
arrow pointing to the right indicating the years.
We make it easy for the school to get the money they need for tuition and fees and for you to get the money you need for everything else.
Loans start at $1,000 and can cover up to 100% of the school-certified cost of attendance1. We’ll make sure that portion of the loan is sent to the school when and how they want it.
There are lots of other education costs though. You can get up to $2,500 deposited directly into your bank account so you can make the extra purchases your child needs for school2.
Not sure what the right combination is for you? No problem - we can help we can help you design a parent loan to cover your student's education costs that fits your needs and your budget.
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, 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 $1,000.
2In order to receive up to $2,500 direct, a valid bank account must be designated for direct deposit of funds, and $1,000 or more must be certified by, and scheduled for direct disbursement to, the school.
3You 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.
4This 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 07/13/2018. 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.
Undergraduate Student Loan
For students pursuing their associates or bachelor's degree (usually with cosigners)
Graduate Student Loan
For students pursuing their masters, doctoral, or professional degree (sometimes with cosigners)
Career Loan
For students (sometimes with a cosigner) who are enrolled in a career focused program at select schools
Parent Loan
For parents who want to pay for school costs for their undergraduate or graduate students
Refinance
For former students - or parents – with existing student loans that they want to combine or change
University Accounting Service (UAS) is our selected partner who services undergraduate, graduate, career and parent loans. For more information, visit our FAQs
ContinueNationwide Bank, a federal savings bank and affiliate of Nationwide, is our selected partner who is the lender and servicer for your refi loans. For more information,
visit our FAQs
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