College Ave Student Loan Refinance Review

refinance student loans
college ave refinance student loans

College Ave is a leading and flexible student loan company led by industry veterans. CollegeAve positions itself as having flexible repayment terms and helps borrowers obtain a lower monthly student payment (not just a lower interest rate). College Ave also has a fast application process.


College Ave Student Loan Refinance Overview

Fixed Rate:4.75% - 7.35%
Variable Rate:2.75% - 6.00%
Minimum Loan Amount:$5,000
Maximum Loan Amount:Dental: $250,000
Medical: $250,000
Veterinary: $250,000
Pharmacy: $250,000
Minimum Loan Term:5 years
Maximum Loan Term:15 years
Origination Fee:None
Prepayment Penalty:None
Co-Signer Option:Yes
Co-Signer Release:No

*Fixed and variable rates are based on APRs and include an ACH AutoPay interest rate reduction of 0.25%.

Flexible Payment Terms

Payment PlanOverviewShort-Term CostLong-Term Cost
Interest Only PaymentPay only interest charges each month for the first two yearsLowerHigher
Full Principal & Interest RepaymentPay principal and interest HigherLower

Key Documentation

  • Current loan information/documents
  • Proof of income and employment (e.g., recent pay stubs)
  • Diploma or transcript

  • Doctor’s Order: You can choose immediate full payments (principal plus interest) on day one, or you can have the first two (2) years of interest only payments and then start principal and interest payments beginning in year 3.
  • Doctor’s Order: You can choose a loan term that works best for you – any number between 5 and 15 years.

Applying is super easy – get your new rate within 2 minutes

Find My Rate

*Checking your rate will not affect your credit score.


Want to save money on your student loans? These lenders represent our top student loan refinancing picks for 2017, and may be able to help you save thousands of dollars on your student loans by offering lower interest rates and lower monthly payments. That’s real money back in your pocket.

Learn your new student loan interest rate in a matter of minutes.

Student Loan Refinancing – Best of the Best

LenderRates (APR)Loan Terms (Years)Get Your RateLearn More
2.75% - 7.35%5 – 152 minutesSTART SAVING
2.21% - 8.97%5, 10, 15, 202 minutesSTART SAVING
3.89% - 7.45%5, 7, 10, 15, 202 minutesSTART SAVING
*Doc Benjamins is not a lender and does not make loans. We are a free, independent and unbiased website that helps empower borrowers so they can make more informed financial decisions. The rates, terms and other student loan information provided on this website do not legally bind Doc Benjamins or the lenders referenced herein. The rates, terms and other student loan information are estimates and may change periodically and/or differ from your final rate and terms, which may be based on your individual credit profile and other factors as determined solely by the lender. If you would like to apply for a loan, please visit the website(s) of each lender and carefully review their rates, terms and conditions for further information. Average savings is for all customers generally, and not necessarily for this product specifically.

Student Loan Refinance Comparison

SoFi members save $22,359 on average when refinancing their student loans.

Only takes 2 minutes

SoFi Overview

  • Fixed Rates: 3.50% – 6.74%
  • Variable Rates: 2.36% – 6.28%
  • Loan Repayment Terms: 5-20 years
  • Co-Signer Option
  • No origination or prepayment fees
  • Includes career services, entrepreneur program, and free events
  • You must be employed or have a job offer within 90 days
  • You graduated from a Title IV accredited university or graduate program
  • Undergraduate and graduate loans
  • Federal loans and private loans

DRB members save $20,200 on average when refinancing their student loans.

Only takes 2 minutes

DRB Overview

  • Fixed Rates: 4.20% – 7.20%
  • Variable Rates: 3.64% – 6.29%
  • Loan Repayment Terms: 5-20 years
  • Co-Signer Option
  • No origination or prepayment fees
  • Medical residents and fellows pay only $100/month during residency, fellowship, and 6 months after
  • You graduated from a Title IV accredited university or graduate program
  • Undergraduate and graduate loans
  • Federal loans and private loans

LendKey members save $15,270 on average when refinancing their student loans.

Only takes 2 minutes

LendKey Overview

  • Fixed Rates: As low as 3.28%
  • Variable Rates: As low as 2.21%
  • Loan Repayment Terms: 5-20 years
  • Co-Signer Option
  • No origination fees
  • No prepayment penalties
  • You must be employed or have a job offer within 90 days
  • Over 2,200 schools and degree programs are eligible
  • Unemployment protection for up to 18 months
  • Repay 10% of your loan by the time you enter the repayment period and your interest rate will drop 1% APR
  • Undergraduate and graduate loans
  • Federal loans and private loans

CollegeAve members can choose an interest only payment plan for the first two years when refinancing their student loans.

Only takes 2 minutes

CollegeAve Overview

  • Fixed Rates: 5.74% – 11.85%
  • Variable Rates: 2.96% – 9.35%
  • Loan Repayment Terms: 5, 10, 12, 15
  • Co-Signer Option
  • No origination fees
  • No prepayment penalties
  • Choose your own loan terms (number of years for repayment)
  • Undergraduate and graduate loans
  • Federal loans and private loans