Best Reviews TopConsumerReviews.com Best Student Loans Best Reviews
Best Reviews
      November 19, 2019

Home  >  Student Loans  >  College Ave vs LendingTree

Best

Student Loans

  1. College Ave
  2. iHelp
  3. LendingTree
  4. Discover
  5. Sallie Mae
  6. Wells Fargo

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

Ballroom Dancing Lessons

Copyright Registration

Drum Lessons

Health Insurance

Home Security Systems

Painting Lessons

Self Publishing Companies

VOIP Services

Website Templates

Wedding Planning Software

Wedding Websites

Wills

 

Individual Reviews

SunTrust

College Ave

iHelp

LendingTree

Discover Student Loans

Sallie Mae

Wells Fargo

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

College Ave vs LendingTree

To help you find the Best Student Loans, TopConsumerReviews.com provides you with an in-depth comparison of College Ave and LendingTree.

To see ALL of our reviews for the Best Student Loans, please Click Here

Apply for Your Student Loan at SunTrust Today As the costs of higher education rise, so does the need for student loans. While some individuals are eligible for federal loans, those loans don't always cover the full cost of getting an education - not just tuition and room/board, but books, laptops, transportation and other expenses. And, people who are ineligible for federal loans don't necessarily have overflowing savings accounts to match their college or university costs.

Private student loans are the way that many students close that gap. On average, students have nearly $40,000 in student loan debt at the time of graduation; without those funds, their aspirations of being a teacher, engineer, or social worker may have been put on hold indefinitely.

Continue reading below reviews

Best Reviews

2019

Student Loan Reviews

4.5 stars
College Ave

COLLEGE AVE Visit Site

Features:

  • No application or origination fees
  • No prepayment penalties
  • No payments required until 6 months after leaving school
  • Interest rate discounts available with automatic payments
  • Variable interest rates from 2.20% to 9.29% APR
  • Fixed interest rates from 4.99% to 11.24% APR
  • Loan repayment terms of 8, 10, 12, or 15 years
  • Deferment and forbearance options available
  • Cosigner release option after 24 consecutive months of on-time payments
  • Customer service: 844-422-7502

As a partner of University Account Service (UAS), College Ave Student Loans provides funding for students starting at $2,000 up to 100% of educational costs verified by a college or university. At the time of our review, College Ave maintained an "A" rating as an accredited business with the Better Business Bureau, evidence of their commitment to integrity and quality of service in the student loans industry.

In order to be eligible for a College Ave student loan, you'll need to meet the following criteria:

  • Be enrolled in a degree program, attending classes at least half-time
  • Be a U.S. citizen or permanent resident (this also applies to any cosigner on the loan)
  • Have a qualifying credit score. College Ave doesn't specify exactly what credit score a borrower/cosigner will need, but they do have a free credit pre-qualification tool that can help you decide if you want to submit a full application

One unique feature of College Ave student loans is the ability to customize, or "configure", the terms of the loan to meet your specifications. By clicking on the yellow box that says "Configure It Out", you'll be taken to a page that allows you to enter your basic information, from the approximate amount of money you'd like to borrow to your preferences for making payments while still in school or deferring until after graduation. Your results page will show you an approximation of the loan terms for which you might qualify, and you can use the sliders on that results page to change any of the assumptions that were made while calculating the details of your prospective loan.

We found that College Ave has interest rates that are extremely competitive, with a variety of repayment options that make it easy to stick to a budget. Also, if you sign up to have your payments automatically deducted from your bank account, you'll receive a 0.25% discount on your interest rate. Unlike some of their competitors, College Ave does not punish borrowers or cosigners in the event of permanent disability or death of the student: they forgive all loans 100% when the student borrower dies or suffers a permanent disability.

Also, College Ave allows cosigners to be released from the loan after 24 consecutive on-time payments. This is a fairly standard timeframe among providers of student loans, although some lenders require four to five years of on-time payments prior to releasing the cosigner.

The only caveats to consider when looking at getting a student loan with College Ave are their short time in operation - their first loans were funded in December 2014 - and the fact that College Ave was founded by two former executives from Sallie Mae, one of the lowest-ranked student loans providers in our review. As College Ave continues to prove itself as a strong contender in the student loans market, however, we wouldn't be surprised to see their rating increase.

Visit Site

3.5 stars
LendingTree

LENDINGTREE Visit Site

Features:

  • One-stop resource for comparison shopping on student loans
  • No cost to use their search tool
  • Many helpful articles for understanding student loans
  • Customer service: 800-813-4620

LendingTree is a great place to start if you want to get a feel for the range of possibilities for a student loan. Although they do not fund student loans directly, LendingTree can help you sort through all of your options before making a decision.

One of LendingTree's best resources is their Student Loan Center. There, you'll find numerous articles on the topic, from whether or not you should pay off loans early to what cosigners need to know before signing on the dotted line. Be sure to check out the Glossary Terms on the right-hand side of the page, to help you understand any concepts that might be unfamiliar to you as you begin the process. There's also a FAQ section that allows you to enter any remaining questions you have.

We found two primary ways to see what LendingTree has to offer. On their main student loans page, you can enter your school name and the amount you wish to borrow. That information returns a general overview of the programs you can choose from and an approximate total cost and number of payments. We entered a college in Michigan and a loan amount of $20,000 and got offers from four different lenders, with a mixture of fixed and variable rates, and APRs ranging from 2.37% to 5.74%.

On the other hand, if you're willing to provide more personally-identifiable information, such as your address and your phone number, LendingTree will use those details to give you a more customized list of lenders and offers; that path came up as both a landing page and on their Offers site.

We give LendingTree high marks for helping students understand the student loan market and for providing a marketplace where they can shop around for the best terms and rates.

Visit Site

Continued from above

Fortunately, there are many lenders who want to make it as affordable and simple as possible to complete undergraduate and graduate-level studies. Some represent well-known, established financial institutions, while others work directly with networks of community banks to get much-needed cash into the hands of eager learners.

Comparing offers from lenders can be as easy as going online; in a matter of minutes and mouse clicks, you can see a variety of interest rates, repayment terms, and other details of each program for which you are eligible. This saves you significant time compared with going hat in hand to your local bank or other lending institution, hoping that they will say yes to your loan application.

When deciding on which lender to use for your student loan, you should consider the following factors:

  • Interest rates. The higher your interest rates, the more you pay over the life of the loan. Does the lender have rates that are competitive? Does the lender offer you the choice between fixed and variable rates?
  • Loan terms. What is the repayment term? Does it give you enough time to get a good job and pay it back? Can you pay it off in advance with no penalty?
  • Discounts. Can you get your interest rates lowered by setting up automatic payments from your checking account? Will you get any perks for having a relationship with the lender in other ways, such as a checking account or credit card?
  • Reputation. Some lenders have a solid history of working with borrowers, while others have a not-so-great track record when it comes to customer service after the loan has been disbursed. How does this lender measure up?

TopConsumerReviews.com has reviewed and ranked the best Student Loan providers available today. We hope this information helps you to get the money you need for your studies right away!

Burdensome Student Loan Debt Is Contributing To The Country's Teacher Shortage Crisis

The country's crushing student loan debt has been dominating education news - from the campaign trail to the recent resignation of a Trump administration senior student-loan official who called the ...

Published:  Sun, 17 Nov 2019 07:13:00 GMT



Countdown: Which Central Ohio colleges have the worst student loan default rates?

The percentage of those defaulting on student loans is decreasing in Ohio and across the nation. Still, more than 2,200 students have defaulted on loans they took out in 2016 to attend 15 colleges and ...

Published:  Mon, 18 Nov 2019 10:29:00 GMT



More N.J. students can't pay their college loans. See how your school stacks up.

Nearly 1 in 10 students who take out a federal loan to attend college or trade school in New Jersey struggle to make payments three years after leaving school. Across all types of schools - public, ...

Published:  Mon, 18 Nov 2019 10:01:00 GMT



Are You a Recent Grad Making Your First Student Loan Payment This Month? Check Out These Free Tools and Tips From Sallie Mae

Sallie Mae Empowers Grads to Learn Healthy Budget Management and Financial Know-How This November, recent graduates who borrowed to pay for college will likely enter their first month of student loan ...

Published:  Fri, 15 Nov 2019 16:22:00 GMT



Student loan debt weighs heavier on black borrowers, Fed says

The mountain of student loan debt crushing borrowers across the country is having an even harsher impact on African-Americans in places like Brooklyn and Chicago when compared to white borrowers, ...

Published:  Fri, 15 Nov 2019 20:30:00 GMT



Black borrowers are struggling to repay student loan debt, here's why

The Federal Reserve of New York reports that African-American college students graduate with a higher loan bill than other racial groups According to the Federal government, Black college students in ...

Published:  Sat, 16 Nov 2019 16:29:00 GMT



Study: Only 9% of Parents Talk to Kids About Managing Student Loans

Part of the issue, however, may stem from the fact that people who take out loans have no idea what they're signing up for. And can you blame them? Many college students sign up for these loans as ...

Published:  Sun, 17 Nov 2019 11:07:00 GMT



Navigating student loans

The end of the year is wrapping up for thousands of students in Nebraska and payment options may be wearing thin. Student loans are an option, but they can be hard to navigate. Watch Pat Ricketts with ...

Published:  Sat, 16 Nov 2019 11:45:00 GMT



These employers chip in on your student loans

Trilogy Health Services, a Louisville, Kentucky-based operator of senior living facilities, has paid $100 a month toward each eligible worker's student loans over the past four years. Its total outlay ...

Published:  Sun, 17 Nov 2019 02:15:00 GMT



Report: Student Loans Stress Us Out More Than Any Other Debt

That transparency to you is core to our editorial integrity, which isn't influenced by compensation. It's stressful to be in debt -- but student loan debt is the most likely to stress us out. Being in ...

Published:  Fri, 15 Nov 2019 05:03:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure