College Ave Parent Student Loans
College Ave® Student Loans is a private lender that specializes in helping students cover their tuition and educational expenses with private student loans. The company offers a simple, fast, and stress-free application process to make it easier for students to access the funds they need for college.
College Ave Student Loans provides various types of student loans, including private undergraduate student loans, parent loans, student loan refinancing, and more. To be eligible for a loan, applicants must be enrolled in a degree program at an eligible school.
With multiple repayment options to choose from, College Ave offers loans that cater to the individual needs of borrowers. They also offer additional features, such as no origination fees or prepayment penalties, as well as the option to apply with a co-signer if needed.
College Ave Student Loans is an excellent choice for those seeking a reliable source of funding for their college education. With competitive rates and a range of repayment options on all loan products, borrowers can rest assured that they will be taken care of when choosing College Ave.
Parent Student Loans
If after exhausting all forms of free financial aid, such as scholarships and grants that can help reduce the cost of college, a parent student loan can help cover any gaps to fully cover the costs associated with obtaining a degree. An important step in looking at all forms of financial aid before borrowing money, is filling out the FAFSA® (Free Application for Federal Student Aid). By filling out this form a student’s eligibility for federal and some state aid can be determined.
The federal government offers its own form of parent student loans called Parent PLUS loans. These loans come with a fixed interest rate set by the government and only require the absence of an adverse credit history to qualify, with the loan limit being up to the total cost of attendance less any other financial aid. Given that the interest rate is fixed for federal loans, it’s advantageous to shop around for a better rate, especially if the borrower has good to excellent credit, as a more competitive rate may be available.
College Ave offers private parent loans to help parents finance their children's college education. With the rising costs of college many parents want to help their children avoid debt upon graduation by helping them pay for school using a parent student loan. With this type of loan, parents can help cover the cost of tuition and other educational expenses for their children.
The interest rates for parent student are either fixed or variable and will be competitive with other lenders in the market. Fixed rates will not change during the life of the loan, while variable interest rates can change with market conditions. The interest rates a parent receives will depend on multiple factors such as credit score, credit history and income review.
Eligibility Criteria
To be eligible for a College Ave Parent Student Loan, applicants can be parents, grandparents, guardians, or other family members and must meet certain criteria such as having a good credit score and income level and being at least 18 years old.
Applicants not deemed credit worthy will need to have a cosigner who meets all of the eligibility requirements in order for them to qualify for the loan. Cosigners will assume responsibility of the loan if the parent borrower is unable to make payments.
When to Apply for a Parent Student Loan
About a month or so before the first day of school is the best time to apply for the loan. The application is available online and takes about 3 minutes to complete. After being approved for the loan, checking in about 2 weeks before the first day of school is recommended to ensure the money is scheduled to be sent to the school. Student loans are typically disbursed directly to the school.
Repayment Options
The repayment terms for College Ave Parent Student Loan range from 5 to 15 years, giving borrowers plenty of flexibility when it comes to paying back the loan within a time frame that is most affordable to them. Borrowers also have the option of making interest-only payments while the student is in school, interest plus payments (interest plus whatever you can afford) also while the child is in school or full principal and interest payments during school to ensure the loan will cost the least. There are no prepayment penalties so borrowers can make extra payments whenever they want without incurring any additional charges.
Unique Features
One of the unique features of College Ave Parent Student Loan is its fast approval process – borrowers can get a credit decision within minutes after submitting their application online. There is a loan calculator that allows borrowers to easily determine payment amounts for each repayment option with ease and can help in deciding which option to use. College Ave also provides customer service with advisors available via phone or email 24/7 if borrowers need assistance with anything related to their loans or accounts.
College Ave Parent Student Loan is an excellent option for families who wish to invest in their children's future by helping them pursue higher education without worrying about financial constraints getting in the way of achieving their career aspirations. With its competitive interest rates, flexible repayment options, and simple application process, this loan product makes financing college easier than ever before.
