Debt-Free Living Starts Here with College Ave Student Loans

Imagine this: right after college, you are all set to get a job and bring a change to the world, but the monster known as student loans is waiting under the bed. The repayment system of student loans in the United States has resulted in a country-wide debt of a trillion dollars and chains millions of millennials into an ever-increasing debt. 

Let’s look on the brighter side now, as we have a friend in disguise known as College Ave, along with a hidden plan. We guarantee you this isn’t filled with hollow promises. Rather, it’s a realistic manual on how to make these loans your past while having a laugh or two, knowing everything will be okay.

The Average American is in a whopping $38,000 of debt per borrower, as per The Education Data Initiative 2023. Loans, in this day and age, are a convincing friend who will surely send you on a never-ending vacation, but only at the cost of everything dear to you. 

The stress alone is suffocating coupled with the guilt of inevitably becoming a lifetime tenant. Like any normal friend, I made jokes only to arrive at the sad reality after a while. The reality is that balances and loan’s part, more often than not, end up coming back.

Welcome to College Ave: Your Average Lender

So, who’s this College Ave anyway? They’re a private lender disrupting the industry with easy loans for undergraduates, graduates, and even parents. Some lenders thrive on needless complexity, but not College Ave. Their three-minute applications and no-nonsense attitude are a breath of fresh air in the sea of confusion.

Whether you’re a biology major or taking Figure Drawing for your degree, College Ave is able to lend in a manner that makes sense. It’s as if they understand your situation without the chill that comes from large corporations.

Step 1: Understanding Your Enemy (a.k.a. Your Loan)

First things first: you can’t fight what you don’t understand. If the loan you owe has a lot of complications, you will need a blank-check credit card and some documents to help pay it off. We recommend getting your billing statement and creating an online account; checking your interest rate (fixed or variable), loan term, and overall balance will grant you a much clearer understanding of your loan. Fixed rates will remain the same, while variable rates will fluctuate constantly. My cousin Lisa ignored hers for a year and nearly fainted when she saw the interest pile up. Having this information puts you in a better position to defend yourself.

Step 2: “Choose Your Weapon” Using College Ave’s Repayment Plans

College Ave gives you the option of various repayment plans to choose from. The full principal and interest payment plans will certainly hurt the most, but they can help settle the balance rather quickly. Meanwhile, interest-only payments will act as a buffer during your time in school.

Flat $25 a month? Perfect for the “I’m on a black bean and ramen noodle budget” phase. Or just defer it all and breathe easy – Just make sure you plan ahead. “I didn’t feel like a failure when I went with the $25 plan,” my friend Jake shared. You can easily check with College Ave’s online calculators to see their respective options. 

Step 3: Cosigners, Credit, and Other Adulthood Things

If you’re an undergrad with zero credit, a cosigner – say, Mom or Uncle Dave – might help you out. However, College Ave does its best to reduce the social tension with easy cosigner release options after a few years of good repayment. Pay on time, and your credit score will rise while dodging late fees. I chuckled at my sister, remarking, “Mom’s my cosigner; she’s baking my debt-free cake,” Let’s be real though, it is grown-up responsibility but with a security blanket.

Step 4: Slash the Interest Beast

Here it’s suggested that you register for autopay with College Ave to get a 0.25% rate discount. That might not seem like a lot, but every small win counts. If you can manage larger payments, try to shorten your loan term; less time means less interest. Increase your payment whenever you receive a bonus or sell your old guitar. Financial coach Sarah Bennett says, “every penny counts.” If you want to ask questions, feel free to call their team. They’re real people who won’t judge you.

Step 5: Refinancing—Because Sometimes You Need a Do-Over

With College Ave, you can refinance, which is essentially resetting your interest. If you need a lower rate or adjustable terms, you would be in luck. This can especially be the case if your credit improves. If you’re drowning in high interest, this is gold, but don’t forget that some perks on federal loans would vanish (like forgiveness). “I laughed when my coworker said, ‘refinancing felt like dumping my clingy ex for a better catch, reclaiming my life and personal freedom.’” You make the decision, but remember to weigh the options first.

Bonus Round: Freebies and Hacks to Outsmart Your Loans

Scholarships aren’t exactly going to break the bank, but why leave them to sit on the table? There’s plenty of cash on the table during college in the form of day-to-day activities. Walk dogs and drive for Uber; every gig gets you closer to the goal. If you don’t buy coffee, that is an additional 5 dollars every day that you can save.

My neighbor still brags about scoring a 1,000 dollar grant last year. With College Ave’s site, their encounter with debt and loans doesn’t seem as scary for college students as it does for parents. The tips and tools are the X-Factors that students need in their life. 

The Emotional Victory Lap: Life After Loans

As I reflect on my journey, I understand that we all at one point yearn for the day when we no longer have a loan. Experiencing that moment is euphoric. Freelancing feels like finally being set free”. That drastic shift in mentality is profoundly liberating for individuals who have spent years living in constant dread and guilt about their statements and nearing deadlines. “My loans are history, and my cat thinks I’m a millionaire,” her friend was having the cliche moment after graduation.

College Ave vs. The World: Why They’re Your MVP 

If we compare College Ave to other lenders, their customer service stands out. Additionally, private lenders don’t charge service fees. Between federal loans and College Ave, the flexibility and payment options College Ave provides make them a better fit. Unlike other College Ave loans, College Ave offers private loans with higher interest rates. A user on Reddit remarked, “They’re like the cool aunt who actually helps.” College Ave stands out from other lenders with its lack of fees. 

Conclusion: Your Roadmap to a Loan-Free Life 

In essence, understanding your loans, formulating a plan, paying down your interest, and possibly refinancing are all major steps for celebrating a life without loans. College Ave alleviates burdens for borrowers, making the process easier. You owe it to yourself to seek a world free from the ever-looming presence of student loans. Go to CollegeAve.com. Your future self is already rooting for you!