The rates on private student loans largely depend on your credit, repayment term and other factors. The best rates are usually reserved for borrowers with excellent credit. Before

For undergraduates, interest rates on federal student loans are 6.39% for the 2025-26 academic year — marking the first time rates have dropped since 2020-21.

One of the biggest advantages of College Ave is that the lender also offers a shorter-than-average application process and quick decisions on approval, making it easier to secure funds when you need them. College Ave loans come with fixed or variable interest rates and borrowers can apply with a cosigner to potentially qualify for better rates.