Sallie Mae is giving the lowest rate so far (2.25%) vs College Ave (2.68%). College Ave Student Loans refinances and lends education debt to students at every level of higher education, plus their parents. A relative newcomer, College Ave was founded in 2014 and focuses solely on student loans and student loan refinancing. Before you apply, it’s important to be aware of the pros and the cons. Keep reading to see how College Ave stacks up to its promises. and assume a $10,000 loan to a freshman with no other Sallie Mae loans. Reach back out to us at: College Ave Student Loans College Ave student loans are versatile and can help you fund your college education. A comparison of student loans doesn’t yield a one-size-fits-all answer, but because of the low fixed rates and repayment assistance programs that are available, it’s generally best for students to exhaust their federal Direct Unsubsidized and Subsidized Loans before considering private student loans. College Ave is fairly new to the market, as they opened in 2014, but didn't offer their refinancing program until 2016. Advertised APRs are valid as of 11/19/2020. Sallie Mae. College Ave student loans are best for credit worthy borrowers with good co-signers. About half of … Private Loan: Which Student Loan Is Better for Me? College Ave Student Loans. Federal vs. Here's how to qualify. The problem is that I've heard so many horror stories about Sallie Mae and College Ave is brand new (started by former Sallie Mae folks) and has NO reviews to go off of. While Sallie Mae and Navient are hardly the only bad actors in the student loan world, if the recent lawsuit brought by the Consumer Financial Protection Bureau is any indication , their bad reputations are well deserved. As you may expect of a company that was born online, it gets top marks for an easy-to-use online application. Navient, which spun off from Sallie Mae in 2014, is currently the biggest student loan servicer in the country, handling more than 12 million accounts. Receive a letter, call or message from us? Among private lenders, College Ave might be a great option. They claim to offer a simplified, surprise-free refinance process based on what the ex-Sallie Mae executives learned while in the business. College Ave Student Loans offers student loans for undergraduates, graduate students and parents, plus student loan refinancing. According to its ... College Ave Student Loans is offering a disaster forbearance program that will temporarily suspend payments on private loans for three consecutive months. The company was founded by a group of former Sallie Mae employees and many of the College Ave loans are serviced by Navient. Founded by two ex-Sallie Mae executives, College Ave touts itself as an upstart competitor that beats out traditional lenders. 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