College Ave - Wilmington, Delaware

Janay S.

I wish I could say more positive things about this company but there is more negative things about College Ave. They disperse the money fast but don't offer many hardship programs. In reality not many people come straight out of college and go into a job where they are making six figures. A lot of people struggle and it doesn't help when you have loans that you have to pay back that are $300 a month. The only economic hardship program they really offer is one that covers 3 months but after that they are back to hounding you for what you owe and if you don't pay it you best to believe you will get a very hard hit to your credit, that can cost you almost 60 points. The interest rate on the loans with College Ave is extremely high. Unfortunately when you are in Desperate needs of money to be able to continue your education you don't really think that stuff through in the moment. You will end up paying an interest rates the same amount that you took out in a loan almost. A lot of the other comments are not lying about the interest rate and the amount you would have to pay back which can literally be five times more than the loan. I would definitely tell people to weigh their options and check on other loan companies before dealing with college ave. Let this company be your last option if anything. I'm actually in the process now of looking for another company to refinance this College Avenue with that will allow me leeway with paying it back.

** also Beware of the bot comments, trust the ones that go into detail about what is actually happening with College Ave loans. The Bots are definitely the ones who just click on the stars and don't say anything but a sentence which are probably sent from the company or set up that way. Pay attention to the ones who go into detail about their experience because it seems like many of us have the same experience with this college loan company!

A N. (.

I honestly thought this company was one of the best options for a private loan. The interest rate we received was absolute garbage for the credit score my cosigner had. I decided to pay off the interest every month in an attempt to keep this very necessary loan down. After the hard inquiry hit, we tried to be careful. I'm still in school and had a serious medical scare and was late by less than a week and they sent us to collections with zero notice. For 40 dollars. I'm going to do everything in my power to pay this off quickly. This company is incredibly predatory. I can't wait to get a response from the "owner," saying they can't locate my account. As necessary as a loan might be, of you're a student on a limited budget, PLEASE stay away. They do not take their targeted business into consideration.

EDIT: In replying to the company: I double checked emails, phone calls, had my cosigner check emails and phone calls. We were not contacted a single time before it was sent to collections. Please don't say you do something when you do not.

Lori A.

While the process is very quick and easy, what I don't appreciate is percentage rates that are approved or assigned!! I have a VERY high credit score as does our child considering he is a college student. He pays the interest monthly on his loans but yet we get a higher interest rate despite advertising for as "rates starting as low as 3.47%". This is highly unsatisfactory! We should qualify for a much lower rate! We have used CollegeAve. for all 3 of our children, but I am considering shopping around next semester.

Stacy B.

The process was very easy however, when we got the final paperwork, it was an entire percent higher than what the original offer was. Since we didn’t take a picture of our offer, they would not honor the lower rate. Feels like a bait and switch to me… Will not use College Ave again. Very disappointed

Josh S.

Was just quoted a 16% interest rate for a student loan, how is that possible, credit cards have more competitive rates. I am the co-signer and have strong credit and income metrics, how is 16% interest rate justified. Tried chatting with online support and they basically brush you off…very disappointed.

Scott H.

Best rates we could find for a private college loan. Application process was quick and easy, and they took care of all communications with the school to verify disbursement dates. Highly recommend.

Leah F.

Disbursement was quick and easy. I had called to try and refinance my loan and while that was not what we ended up doing, Krystal on the phone was a great help and even called me back with more information to help me out. Thank you very much Krystal!!

Katie C.

Horrible. Said they’d lower my monthly rate and then 3 months later it goes back up and I called and they say their back office is ‘behind’ and that the modification just has to ‘processed’ and gives me no timeline. So now, it shows my account as delinquent and my credit went down over 100 points. They have no answers, have not sent me a single documentation of the modification, and the managers do absolutely nothing. Screw this company. I might as well not even pay back my student loan.