This is a sponsored post on behalf of College Ave Student Loans. All opinions are my own and were not influenced by any parties.
College is expensive. There is no denying it. Many parents try to save to help defray the costs, but even then, it may not be enough. With tuition, books and cost of living continually rising, you may think you have enough to pay for it, but may find that you are a bit short. Where do you go for a loan? You certainly do not just want to “Google” a site and apply through them. No. You want to make sure you visit a reputable site which is there to help you through the process. That is what College Ave Student Loans does.
College Ave Student Loans is an online marketplace lender whose sole focus is on private student loans. They utilize both technology and deep industry expertise to connect families who need to cover education costs with lenders who can provide that funding. Because they specialize only in student loans, they are are able to give all customers the attention they deserve and deliver loans that are simple, clear, and personalized.
When federal loans, scholarships and grants aren’t enough, private loans are something families can consider to help fill that gap to pay for higher education costs. College Ave Student Loans understands that each family’s situation is unique with how to cover additional college costs – whether they look at paying out of pocket, using savings, trying to find a balance for college and saving for retirement, doing a mix of different payment options, using private loans, etc. Families should explore the best option (or options) for them.
College Ave Student Loans never wants families to borrow more than they should, or to pay more than they need to for a loan They offer a number of lending tools to help students and families make smart and informed lending decisions.
If you are getting ready to pay for college, one tool that you really need to check out is the College Ave Student Loans calculator. This tool is designed to help students and their families understand the total cost of borrowing and ways to save. College Ave encourages decisions like making in-school payments and picking shorter loan terms by offering lower interest rates when customers make those choices (thus reducing the overall total cost of the loan).
If you do find that you need to take out a loan to pay for college, one thing to consider is this: Parents can help the students by making the payments while the student is in school. Then, the student can take over once he or she has graduated. This is a great way parents can contribute without taking on the entire debt in only their name.
College Ave also offers a unique credit pre-qualification tool. With three simple pieces of information (name, DOB, address), students and their parents can use the tool to find out if their credit score qualifies for the loan, and what rates they can expect to pay — all without filling out a full application or impacting their credit score. It’s a great tool for students, who are learning about how credit scores affect the loan, and for parents who want insight into what they should expect from us. You may wna to check out the pre-qualification tool.
Before you make any decision regarding a lender, it is important that you understand their product. Here are important factors which you should know about College Ave.
- They offer low variable rates
- They offer the most choices for when to begin making payments as well as the length of the loan (allowing you to get the perfect plan for your situation).
- While students do not have to repay loans while in school, doing so can lower their cost. They even reward those who make good choices by offering lower rates for committing to make in-school payments (payments could be as low as $25/month).
- There is NO fee if you pay the loan back early.
- Get a .25% interest rate reduction if you sign up for automatic payments
- Apply in minutes and get a quick decision
No matter who you chose to go through to make your student loan decision, make sure you do your homework. Learn what you can about the company and the terms of the loan, so you do not have any surprises.
Check out College Ave Student Loans to see if they are just what you need for your student.