Let's Find Your Perfect Fit.

Let's Find Your Perfect Fit.

Want a parent loan that fits your needs?

Tailor it so it does.scissorsIcon2x

Parents with strong credit pay no origination fees, so it’s a great alternative to the Federal Direct Parent PLUS loan.1

You also get to create a repayment plan that suits your life. Check out our parent loan calculator to see all your options.

The easiest way to understand it is to see it in action.

Parent Loan Calculator2

Desired Loan Amount:
$2K $80K
Graduating In:
Interest Rate Type:
?
Fixed rates stay the same for the life of the loan but are higher than starting variable rates. Variable rates start lower than a fixed rate but are tied to a market index (in our case, 1 month LIBOR) so they go up and down over time as that index changes.
Variable Rate
 
Fixed Rate

The College Ave Student Loans Parent Loan was created for parents with strong credit who want to borrow on their own to cover the cost of higher education for their children. Not sure about your credit? Pre-qualify below

 
 

Your Loan. Your Way.

Pick How Many Years You Take to Repay
Gradual Repayment Option

While the child is in school, you can pay just the monthly interest charges. If you can afford more, you choose the monthly payment that works for you in increments of $20.3 After the child leaves school, full principal and interest payments will begin.

Yes
 
No
$0 + Add increments of $20 to your monthly interest payment
+/-  $0
 

College Ave Parent Loan

Total Cost of the Loan $0.00
In School Monthly Payment $0 x 54
Post-School Monthly Payment $0 x 190
Monthly Payments $0 x 54
Loan Term 15 years
Interest Rate: Fixed 8.31%
  = interest portion of the loan

Loans will never have a post-school monthly payment that is less than $50.

 
College Ave Parent Loan
Federal Parent Plus Loan1
Loan Funds Sent To School
Yes
Yes
Portion of Funds can be Sent to You
Yes
No
Choice of Fixed or Variable Rates
Yes
No
Loan Fee
0%
4.272%

NOT SURE ABOUT YOUR CREDIT?iconOdometer2x

Check out our free credit pre-qualification tool. We’ll tell you whether your credit pre-qualifies for a loan, and what interest rates you can personally expect before you apply, without impacting your credit score.

First name is required.
Last name is required.
Valid Format: MM/DD/YYYY
Street Address is required.
Must be 5 digits
See If You Pre-Qualify

You’re pre-qualified* to cosign a loan instead.

Based on your information, you are pre-qualified to cosign an undergraduate loan with your student instead. You’re not pre-qualified to apply for our parent loan at this time. Learn more about our Undergraduate Student Loan.

Apply Now

Here are your results:

You are not pre-qualified to apply for a loan at this time. You may want to consider the federal Direct Parent PLUS loan. Visit https://studentaid.ed.gov for more details.

Here are your results:

Based on the information you entered, we couldn’t find a match to pre-qualify you. You’re still eligible to apply for this loan.

Congratulations! You’re pre-qualified* to apply for this loan.

Based on your pre-qualification, your starting variable interest rate will likely be between x.xx% and x.xx%, and your fixed interest rate will likely be x.xx%, depending on your final application information and repayment plan that you select.

You won’t make your final repayment plan choices until after you’re approved, and we’ll give you all the details you need to make that decision when it’s time.

 

Apply Now

* Your pre-qualification was not an application. The offer is not guaranteed if you do not meet our full application criteria. Your actual interest rate may vary from the results shown and will be based on terms in effect at the time your loan is approved.

How We Compare

College Ave parent loans
College Ave
Choice of Fixed or Variable Interest Rates
Yes
Choice of Loan Terms (Years to Repay)
8
Loan Funds For Tuition & Fees are Sent to The School
Yes
Loan Funds for Extra Expenses Can Be Sent To You
Yes
Fees To Apply Comparisons based on information obtained on lenders' websites as of November 17, 2016
None
Citizens Bank parent loans
Citizens Bank
No
2
Yes
No
None
Wells Fargo parent loans
Wells Fargo
Yes
No
No
Yes
None
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Do you really want to take full responsibility?

The College Ave Student Loans Parent Loan is made for parents who want to take full responsibility to repay the loan. The student isn’t legally responsible for the loan, and it won’t appear on the student’s credit bureau. 

That’s not necessarily right for everyone though. If you want to share the responsibility with your student, consider cosigning an undergraduate loan or graduate loan instead.

The College Ave Student Loans Parent Loan was created for parents with strong credit who want to borrow on their own to cover the cost of higher education for their children. Our parent student loan calculator helps you see how you’ll be able to create the best plan for you. You’ll make your final choices after you’re approved, and we’ll give you all the details you need at that time.

Still want to know more? If the parent student loan calculator and other tools weren’t enough, learn more about our student loans for parents.

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.

1Direct PLUS Loan details from www.studentaid.gov. Federal loans carry special benefits, such as public service forgiveness, that are not available with private loans.

2Calculations are estimates only. Your actual monthly payment amounts, interest rate, and payment schedule may vary from the results shown and will be based on terms in effect at the time your loan is approved.

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.

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.

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.