Attending college is a luxury that not everyone can afford. However, to make it more accessible, acquiring a private student loan enables students to get their college education.
College Ave provides financial support, whether that’s students applying for the loan themselves or parents looking to fund their child’s education. Taking the stress out of paying for college is what many companies, like College Ave, are looking to do for current and future generations of students.
In this review, we’ll take a look at what College Ave offers, the pros and cons of using a loan provider like this one, and the benefits of custom private loans.
Whether you’re a parent or a student looking for a loan, we’re here for you. Take the stress out of paying for college by creating a private student loan that fits your budget and your goals. With a simple application, flexible loan options, and great customer service, we’re here to help you breathe easy on your college journey.
Who is College Ave?
College Ave was created to help students with a desire to study further, without the worry that comes with the finances.
The company provides a different and uncomplicated experience. Made up of former students, it’s a company that understands the stress of having to pay for college. With personal and professional experiences, the founders behind the brand are committed to delivering a practical and personal solution that gives young adults the running start they need to financial success.
As their saying goes, ‘You’ve got this, we’ve got you.’ Their process is fairly straightforward, as explained on their site. Whether it’s via a mobile device or desktop, the company’s tools are described as being to-the-point and transparent.
It’s also described as a one-of-a-kind service that’s anything but a one-size-fits-all.
Pros and Cons of College Ave
Borrowing money always comes with risk. After all, you’re spending money that’s not your own, and there’s no guarantee of being able to pay it back. You simply have to trust that the money will continue coming in for it to be paid off. So what are some of the pros and cons of using College Ave?
Customizable repayment plans and terms
One of the main perks is the customizable element of the repayment plans and terms. You can choose which loan suits you the best and then decide on your repayment terms depending on what fits your needs best.
Available loans for both students and parents
While some students decide to take on the loan themselves, others may have the generosity of their parents looking to take on the financial burden.
College Ave offers loans tailored to both students and parents, depending on who the person will be that’s paying it off. That’s a useful benefit because it helps to distinguish between the two, while giving options if someone has the option to choose between the two.
Access to Graduate loans
As well as undergraduate loans, the company also offers Graduate loans for those who are looking to explore their options after graduating from college. Whether that’s for Health Professions, those looking to do an MBA, or exploring a Master’s/PHD.
Graduate courses are equally pricey to commit to, and so having a financial opportunity to fund your further studies with a loan might benefit many students. Having the ability to borrow for both your undergraduate and graduate studies helps to keep everything financially under one roof.
Scholarships and sweepstakes
A generous advantage of using College Ave is their availability of scholarships and sweepstakes. Throughout the year, the company offers these to help a select few pay for their studies. They have some current scholarships and sweepstakes, including a $5,000 Grad School Sweepstakes, and win $1,000 for college.
These promotions seem to be updated regularly, as you can see previous promotions below the current ones. A nice touch from a company that gives a little more than it requires the recipients of these prizes to pay it back!
While they have plenty of advantages to using their services, are there any downsides to consider? Let’s take a look at some potential pitfalls of choosing this loan provider.
Late fees
It seems as though late fees are added when payments aren’t made on time. However, like any form of borrowing or owing money to a company, late fees are going to be charged. To avoid this, you’ll want to set up regular payments that automatically get paid.
You’ve got debt
Unless you have savings, then chances are, you’re going to need to explore the option of loans to pay for the studies. That’s one of the downsides of any form of education where you have to borrow to pay for it. You’ll have debt once you’ve graduated, and that debt will continue to follow you until it’s paid off.
College Ave offers a comprehensive suite of private student loans with customizable repayment plans and terms, and a choice of either variable or fixed interest rates. With the upcoming changes to the federal student loan program, College Ave is proud to offer custom graduate private student loans that will help graduate students pay for the full cost of attendance.
There are some great benefits of private student loans. From filling funding gaps to building credit history, there are many reasons why people opt for student loans when there’s no savings available.
College Ave has certainly helped many people with their finances when funding their studies, and it shows in the reviews that previous students and parents of students have left.
While debt is something many want to avoid, there are some aspects of life where you have to borrow to achieve what you need to do. For some, that’s putting a down payment on a house, and for others, it’s funding their education and future career paths.
It’s worth taking a look at what College Ave has to offer and how they can be a great help for students and parents of students with financial help.
