The underlying terms of all College Ave graduate student loans are similar. But the individual loans have different interest rate ranges, and the following features also vary:
How long you have to repay. All graduate students can choose a repayment term of 5, 8, 10, or 15 years. But if you’re in medical, dental or law school, you also have access to a 20-year repayment term.
When payments start. College Ave graduate, business and law school loans receive a 9-month grace period before payments are due. Dental school loans have a 12-month grace period, and medical school loans get 36 months before payments start.
All graduate students can also receive a 6-month grace period extension after leaving school, while longer deferments are available for law students during clerkships (12 months) and dental and medical students during residency (12 months and 48 months, respectively).
These grace periods are longer than many lenders offer — especially the 9 months for non-health professional students. That makes College Ave a good option if you’re a graduate student who’ll need extra time before starting repayment.
College Ave graduate student loans at a glance
Offers personalized rate estimates via a soft credit check.
Interest rates vary by graduate school product.
International students are eligible if they apply with a co-signer who is a U.S. citizen or permanent resident.
How College Ave could improve
College Ave could improve by offering additional programs such as:
Letting borrowers qualify for co-signer release faster.
Allowing borrowers who have previously filed for bankruptcy to qualify.
College Ave graduate student loan details
Before applying for a College Ave graduate loan
Before taking out a College Ave graduate student loan or any other private student loan, you’ll generally want to exhaust your federal student loan options first. Submit the Free Application for Federal Student Aid, known as the FAFSA, to apply.
Compare your graduate student loan options to make sure you’re getting the best rate you qualify for. In addition to interest rates, look at lenders’ repayment alternatives and the flexibility they offer to borrowers who struggle to make payments.
If you aren’t eligible for a College Ave graduate student loan
If College Ave denies your student loan application, the lender will let you know why. Depending on the reason, you may want to consider other graduate loan options or, if you haven’t already, try applying with a co-signer.