Daily Money - Private student loan facts for 2022/23

How to qualify for this credit card alternative for college
͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
Money
We know the cost of college is on the mind of many these days — especially families who are prepping right now for the upcoming school year.

Money’s recent Best Colleges feature helps students pick the best school for the money — and our sponsor College Ave helps students and families find great loan options. If you’re paying for college,  a private student loan is a fast and common way to access additional funds for tuition, housing, books and more once you've maxed out your federal aid.

To find out if you’re approved, simply indicate if you are a cosigner or student borrower here and complete the College Ave application. It’s easy to fill out and you could qualify for a great loan in minutes.
Greg
Greg Powel
CEO, Money
Money's Best 2022
200+ hours of research | 11 companies vetted | 25+ sources used
Looking for a Loan? We Ranked College Ave #1
Take the stress out of paying for college by creating a private student loan that fits your budget and your goals.
College Ave
Our Partner
LEARN MORE
Facts about College Ave private student loans:
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Simple Application Process
Apply online in 3 minutes and get an instant credit decision.
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Customized Repayment
Make your payments work for you. Decide if you want to start repaying immediately or wait until you complete your degree.
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A Variety of Loan Terms
Choose your repayment terms based on your budget. Options include five, eight, 10, and 15 years.1
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Full Coverage
Cover up to 100% of your cost of attendance including tuition, fees, books, housing, and other requirements.2
  1. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
  2. As certified by your school and less any other financial aid you might receive. Minimum $1,000.
Take this crucial first step today — we’ll take care of the rest.
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