Janice Lozano
College Ave Student Loans offers private student loans to international students. These loans can cover up to 100% of the school-certified cost of attendance. To qualify, international students must have a valid US social security number and apply with a qualified cosigner who is a US citizen or permanent resident. College Ave offers up to $150,000 over four years, with four different repayment options and a loan tenure of 5 to 15 years.
| Characteristics | Values |
|---|---|
| Eligibility | International students with a valid US social security number are eligible to apply for a private student loan with College Ave. |
| Requirements | International students must apply with a qualified cosigner who is a US citizen or permanent resident. |
| Loan Limit | College Ave allows borrowers to obtain a loan of up to $150,000 over four years. |
| Repayment Options | College Ave offers 4 different repayment options with a loan tenure of 5 to 15 years. |
| Visa Support Letter | College Ave does not state online whether they provide a visa support letter for international students applying for a student visa. |
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What You'll Learn
International students need a co-signer
International students can apply for College Ave student loans, but they will need a co-signer who is a US citizen or permanent resident. Undergraduate students will also need a valid US social security number and must be enrolled at an eligible school.
International students often need a co-signer because they do not have a credit history in the US. A co-signer should have a reliable and trusting relationship with the borrower, as they share equal responsibility for the loan. The co-signer's good credit can also help the borrower get a lower interest rate.
College Ave offers a range of loan options for students, including federal and private loans. Federal loans are funded by the government and offer benefits such as fixed interest rates, income-driven repayment plans, and forgiveness programs. Private loans, on the other hand, can cover up to 100% of the school-certified cost of attendance and provide opportunities to build credit.
College Ave's private student loans have flexible repayment options, with terms ranging from 5 to 15 or 20 years. They also offer a nine-month grace period before payments are due, which is longer than many other lenders.
In addition to international students, undergraduate students may also need a co-signer if they do not meet the financial, credit, or other requirements of taking out a private loan. Parents, guardians, or close family members most frequently cosign undergraduate student loans.
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Co-signer must be a US citizen or permanent resident
International students can apply for College Ave student loans, but they must have a cosigner who is a US citizen or permanent resident. This is because international students typically do not have enough credit history or income for lenders to consider them strong candidates for a loan.
College Ave offers undergraduate, graduate, business, law, and dental school loans, as well as specific lending products for medical school. The company also provides loans for international students and study abroad programs.
To qualify for an undergraduate student loan from College Ave, students must be enrolled at an eligible school and meet the school's satisfactory academic progress (SAP) guidelines. In addition, 88% of College Ave undergraduate loans have a co-signer. The company offers a Multi-Year Peace of Mind program, where 90% of undergraduate borrowers are approved for additional loans to cover their degrees when they apply with a co-signer.
International students with a valid US social security number are eligible to apply for a private student loan with College Ave, but they must have a qualified cosigner. This requirement is in place because international students often do not meet the financial, credit, or other requirements of taking out a private loan.
College Ave's private student loans have flexible repayment options, with terms ranging from 5 to 15 or 20 years. The company also offers a grace period before payments are due, which varies depending on the loan type. For example, graduate, business, and law school loans receive a 9-month grace period, while dental school loans have a 12-month grace period. Medical school loans offer the longest grace period at 36 months.
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International students need a valid US social security number
International students can apply for College Ave student loans, but they need to have a valid US social security number and apply with a qualified cosigner who is a US citizen or permanent resident. College Ave offers loans for international students who are pursuing undergraduate, graduate, business, law, dental, and medical degrees.
International students can qualify for College Ave student loans with a cosigner. A cosigner should have a reliable and trusting relationship with the borrower since both share equal responsibility for the loan. The cosigner can be a parent, guardian, or close family member. International students will need to meet the satisfactory academic progress (SAP) guidelines as defined by their school.
College Ave's undergraduate private student loans offer a yearly limit of up to 100% of the school-certified cost of attendance and a lifetime limit that varies based on creditworthiness and the chosen degree. The loan limits only cap the borrowed amount before interest is applied and do not reflect the maximum amount of debt that the student may take on.
College Ave graduate, business, and law school loans come with a 9-month grace period before payments are due, while dental school loans have a 12-month grace period. Medical school loans offer a 36-month grace period before payments start. All graduate students can also receive a 6-month grace period extension after leaving school, and longer deferments are available for specific programs.
College Ave also provides specific lending products for international students enrolled in medical school, dental school, law school, and business school. The lender offers flexible repayment options, with terms ranging from 5 to 15 or 20 years, depending on the program. Students can choose a shorter repayment period with higher monthly payments but lower interest in the long term, or a longer repayment period with lower monthly payments but a higher total interest payment.
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College Ave offers loans for degree-specific courses
College Ave offers a range of private student loans to support students in their academic pursuits. Among their loan options are degree-specific loans, which are tailored to meet the financial needs of students enrolled in particular degree programmes. This approach ensures that students can secure funding that aligns with the unique characteristics of their chosen field of study.
The MBA and Dental school loans offered by College Ave exemplify their commitment to providing specialised financial assistance. These loans are designed to cover the costs associated with pursuing a Master of Business Administration or a degree in dentistry. By offering dedicated loan options, College Ave recognises the distinct financial demands of these degree programmes and empowers students to pursue their career aspirations.
In addition to degree-specific loans, College Ave also provides lending products for graduate, business, law, and medical school students. These loan options cater to the diverse needs of graduate students across various disciplines. The availability of these specialised loans underscores College Ave's understanding of the varying financial requirements at the graduate level.
International students seeking educational opportunities in the United States can also benefit from College Ave's loan offerings. By applying with a co-signer who is a US citizen or permanent resident, international students can become eligible for College Ave's private student loans. This provision enables international students to access the financial resources necessary to support their academic endeavours in a new country.
College Ave's private student loans stand out for their flexible repayment options. The repayment terms typically range from 5 years to 15 or 20 years, depending on the specific programme. This flexibility allows borrowers to tailor their repayment plans according to their financial circumstances, striking a balance between monthly payments and long-term interest accrual.
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International students can qualify with a co-signer
International students can qualify for College Ave student loans with a co-signer. A co-signer is typically required when undergrad students don't have enough credit history or income for lenders to consider them strong candidates for a loan on their own.
International students with a valid US social security number are eligible to apply for a private student loan with College Ave if they have a co-signer. The co-signer must be a US citizen or permanent resident. Both the student and co-signer share equal responsibility for repaying the loan.
College Ave offers a range of loan options for international students, including degree-specific loans such as MBA and dental school loans. The yearly limit for undergraduate private student loans is up to 100% of the school-certified cost of attendance, while the lifetime limit varies based on creditworthiness and the chosen degree.
International students can benefit from College Ave's flexible repayment options, with terms ranging from 5 to 15 or 20 years, depending on the program. Additionally, College Ave provides a grace period of 9 months for graduate students and a 6-month grace period extension after leaving school, which is longer than many other lenders.
Overall, College Ave student loans provide international students with a viable option to finance their education in the US, especially when combined with scholarships, federal aid, and other financial resources.
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Frequently asked questions
Yes, international students with a valid US social security number are eligible to apply for a private student loan with College Ave. However, they will need to apply with a qualified cosigner who is a US citizen or permanent resident.
The loan limit for international students at College Ave is US$150,000 over four years.
College Ave offers four different repayment options with a loan tenure of 5 to 15 years.
No, College Ave does not state that they provide a visa support letter. This is a crucial document in the student visa application process, so it is important to confirm whether a lender will issue one before applying for a loan.
