Find Your Perfect Parent Loan

Parents with strong credit deserve choices that recognize and reward their credit history.

  • No application or origination fees
  • Flexible repayment options
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Parent Loan Rates

Variable Rates Icon

Variable Rates

5.59% - 16.85% APR

Fixed Rates Icon

Fixed Rates

4.29% - 16.49% APR

(all rates shown include auto-pay discount)1

College Ave Parent Loan vs. Parent PLUS Loan

While most borrowers should pursue federal loan options first due to the benefits they provide, individuals with strong credit can benefit from a customized private loan. Compare our parent loan with the Parent PLUS loan below.

COLLEGE AVE PARENT LOAN

PARENT PLUS LOAN3

Loan funds sent to school
Yes
Yes
Choice of Fixed or Variable Rates
Yes
No
Origination Fee
None
4.228%
Interest Rate
5.59%-16.49%(Fixed and Variable)1

7.54%

(Fixed)
Standard Repayment Term
Choice of Terms(Between 5-15 Years) 2
10 Years
Application Process
3 Minutes(Instant Credit Decision)
FAFSA(Completion Required)

Comparisons based on information obtained on the Federal Student Aid website as of June 1, 2022

COLLEGE AVE PARENT LOAN

Loan funds sent to school

Yes

Choice of Fixed or Variable Rates

Yes

Origination Fee

None

Interest Rate

5.59%-16.49%(Fixed and Variable)1

Standard Repayment Term

Choice of Terms(Between 5-15 Years) 2

Application Process

3 Minutes(Instant Credit Decision)

PARENT PLUS LOAN3

Yes
No

4.228%

7.54%

(Fixed)

10 Years

FAFSA(Completion Required)

Comparisons based on information obtained on the Federal Student Aid website as of June 1, 2022

girl with parents

College Ave's Parent Loan

Simple Application Process

Apply online in 3 minutes and get an instant credit decision. No application, origination, and disbursement fees.

Customized Repayment Plans

Choose between a fixed or variable rate option, select your own repayment plan, and decide how long to repay your loan.

Loan terms from 5-15 years. 2

Full Support

Cover up to 100% of your cost of attendance including tuition, fees, books, housing, and other costs. 4

SS

Shannon S.

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Outstanding Service!!!

College Avenue is very user friendly and great customer service. I had no problems at all with my daughter's college loan :)

RG

Robin G.

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Easy to do

This loan process was so easy and their communication with me was great. I don’t know why anyone has to stress over student loans and getting your child the money you need.

CJ

Carolyn J.

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Parent of Student

This is the 2nd year we have been approved for a Student Loan. The process is very easy and the customer service is Awesome. Everyone was so helpful. The email confirmations take the guess work out of What is happening with my Loan.

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Looking for other loan options?

Undergrad Loan Options
Graduate Loan Options
  1. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit.
  2. This informational repayment example uses typical loan terms for a parent borrower who selects the Full Principal & Interest Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.49% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $113.50 while in the repayment period, for a total amount of payments of $13,620.00. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
  3. Direct PLUS Loan details from https://studentaid.ed.gov. Federal loans carry special benefits, such as public service forgiveness, that are not available with private loans. Loan fees and interest rates shown for Direct PLUS Loans first disbursed on or after 07/01/22 and before 07/01/23. Federal student loans are currently subject to temporary 0% interest rate through August 31, 2022.



  4. As certified by your local school and less any other financial aid you might receive. Minimum $1,000.
  5. *Additional Information
  6. Autopay Discount – The 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. Repayment Example – This informational repayment example uses typical loan terms for a parent borrower who selects the Full Principal & Interest Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.49% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $113.50 while in the repayment period, for a total amount of payments of $13,620.00. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Parent Plus Loan – Direct PLUS Loan details from https://studentaid.ed.gov. Federal loans carry special benefits, such as public service forgiveness, that are not available with private loans. Loan fees and interest rates shown for Direct PLUS Loans first disbursed on or after 07/01/22 and before 07/01/23. Federal student loans are currently subject to temporary 0% interest rate through August 31, 2022. Total Loan Amount – Cover up to 100% of your cost of attendance, as certified by your school and less any other financial aid you might receive, minimum $1,000.