College Ave Student Loans

LENDER LIST CONTENT:
College Ave Student Loan
LOAN SERVICER
INTEREST RATE
FEES
REPAYMENT OPTIONS
REPAYMENT TERMS
BORROWER BENEFITS
LOAN AMOUNT
ELIGIBILITY
APPLICATION PROCESS
College Ave Student Loan
www.CollegeAveStudentLoans.com
Variable rates from 1.66% - 9.91% APR
No origination or application fees, and no penalty fees for early repayment
Borrowers have a choice of in-school repayment options with interest rates that reward responsible
borrowing:
• Immediate Full Principal & Interest
• Interest Only (while in school)
• Flat Pay ($25 a month while in school)1
• Deferred (no payments while in school)
Borrowers have a choice of term lengths: 8, 10, 12 or 15 years
• 0.25% interest rate reduction for automatic payments2
• Cosigner release is available to borrowers who meet minimum income and employment
requirements after they make 24 consecutive on-time monthly payments of principal and interest3
Borrow up to 100% of the school-certified cost of attendance (minimum $2,000).4
Available to students enrolled at least half time at an eligible school.
Students can initiate the application process at CollegeAveStudentLoans.com.
It takes just minutes to apply and get an instant credit decision
Visit CollegeAveStudentLoans.com/terms for important information. Terms, conditions and limitations apply.
Please see below for a full listing of legal disclosures.
Terms and Conditions: College Ave Student Loan Product
The College Ave Student Loan Product is made available through College Ave Student Loans, on behalf of the lender, Liberty Bank, N.A.
All loans provided by Liberty Bank, N.A. and Liberty Bank, N.A. underwriting guidelines and program restrictions apply.
1This
informational repayment example uses typical loan terms available to a freshman borrower who remains in school on at least a
halftime basis for 48 months, selects the Flat Repayment Option with a 10 year repayment term, and has a $10,000 loan that is disbursed
in one disbursement with a 7.5% variable Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 120
monthly payments of $142.74 while in the repayment period, for a total amount of payments of $18,478.67. Actual rates and repayment
terms may differ from this repayment example. Increases in the variable APR over the course of the repayment term will result in higher
monthly payment amounts. Loans that are in their repayment period will never have a monthly payment of less than $50.
2The
0.25% rate reduction benefit applies as long as the required monthly payment amount is successfully deducted from the designated
bank account. The rate reduction benefit may be suspended during times when the student loan account is in a forbearance or payment
deferral status.
3To
qualify for cosigner release, the borrower must submit a request, meet the consecutive, timely payment requirements, provide proof of
annual income that is at least twice the sum of all outstanding College Ave Student Loan balances, and provide proof of consecutive
employment for the prior twelve (12) months.
4As
certified by the school and less any other financial aid received.
Information advertised as of January 22, 2015. Variable rates may increase after consummation.
The College Ave Student Loans logo and College Ave Student Loans are service marks of College Avenue Student Loans, LLC.
©2015 College Avenue Student Loans, LLC.
For school use only — not for consumer
or student distribution (January 2015)