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College Ave Student Loans Product

Interest Rates Variable rates from 3.06% - 10.27% | Fixed rates from 5.93% - 12.93%
Fees No origination or application fees, and no penalty fees for early repayment
Repayment Options Borrowers have a choice of in-school repayment options:
  • Immediate Full Principal & Interest
  • Interest Only (while in school)
  • Flay Pay ($25 a month while in school)1
  • Deferred (no payments while in school)
Repayment Terms Borrowers have a choice of term length: 8, 10, 12 or 15 years2
Borrower Benefits 0.25% interest rate reduction for auto-pay3
Loan Amount Borrow up to 100% of the school-certified cost of attendance (minimum $2,000)4
Eligibility Available to students enrolled at least half time at an eligible school who are making satisfactory academic progress (as defined by the school)
Application Process Students can apply at www.CollegeAveStudentLoans.com. It takes minutes to apply and get an instant credit decision

Terms and Conditions: College Ave Student Loans Product

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC, or Liberty Bank, N.A., member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

1 This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.5% variable Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $154.95 while in the repayment period, for a total amount of payments of $16,224.78. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

2 This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% variable Annual Percentage Rate (“APR”): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

3 The 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.

4 As certified by your school and less any other financial aid you might receive. Minimum $2,000.

Information advertised valid as of 11/17/2016. 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.