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Open road lending reviews8/30/2023 The other 2 were oblivious to the fact I had completed one. I opened up 3 applications and only completed one. 2 The way the operate there website each transaction you do with college ave seems to be handled in isolation. Why would you want to know? Maybe there is something you can do about it, maybe some information you provided is even unknowingly inaccurate. Presumably it is based on credit score, outstanding debt, etc., but you can't really know for sure because they don't seem to provide any concrete feedback on the assessment. Here's what could be improved: 1 Reason for why they are offering you the rate you are offered is pretty opaque. Star icon star icon star icon star icon star icon Excellent source of college financing School costs enough as it is, interest rates for education should not feel like you're being gouged, College Ave completely eliminated that and so far, I'm very pleased. I was very happy with the interest rates, my rate was less than half that offered me by one of the largest student loan companies. So far its been a simple, pain free experience. I received update emails every 1.5 weeks or so letting me know they were waiting for our school to certify and then clear instructions and disclosure papers when it was completed. it made it simple to pick the best plan for my student. There are several more options than I found on other sites and each choice for repayment time frames and payment amounts was spelled out, including interest charges and total loan amount including interest. It was quick and easy to enter my info and I was really happy with all the choices that came across. Because I hadn't heard of them before I did some quick research and all seemed well so I gave it a try. Star icon star icon star icon star icon star icon Student loan adventureĪfter looking over several options for student loans I came across College Ave. They made the process way less stressful than I was anticipating. Overall, I recommend College Ave for private loans. College Ave provides many different loan types and payments plans, even deferring the payments until six months after your graduation and paying no interest while in school (at least that was available to me it may depend on credit and if you have a cosigner, or other factors). After the loan is accepted, they send weekly emails updating you on the status of the loan certification for your school to further keep you in the loop and ease the tension of waiting. The aspect I appreciated the most was that their application and their customer service representatives provide all the helpful information you need to set up the loan (terms and conditions, cosigners, sample loan documents, etc.). The process to get an education loan through College Ave is very straightforward and easy. Star icon star icon star icon star icon star icon Easy Process Deeply appreciative to College Ave and its all-digital format for expeditiously taking care of our student loan needs and taking into account the urgency of this matter with very favorable and flexible loan terms. As such, he was able to start as a first-year freshman this academic year with sufficient credits transferred from is prior school to qualify him close to sophomore level. Failure to meet the school's deadlines would have resulted in my son having to wait another semester to start at the new school. We were in time crunch with hard deadlines and College Ave came through in a big way. The school received necessary funds to pay remaining tuition costs in a timely manner and my son who admitted into the school late in the Fall semester was able to complete enrollment and pay tuition costs on time before the start of the Spring semester. Star icon star icon star icon star icon star icon Efficient All Digital Student Loan ProcessĬollege Ave makes the student loan process a breeze from start to finish with regular loan status updates provided from start to finish.
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