College Ave Student Loans is a fintech lender focused exclusively on private student loans, offering private undergraduate, graduate, and parent loans as well as student loan refinancing. The company uses technology and industry expertise to connect families who need to cover education costs with lenders who can provide funding. It emphasizes simple, clear, and personalized loan products, competitive rates, and a customer-friendly experience from application through repayment. College Ave reports more than $2B in committed loan purchasing power and a customer satisfaction rating of 4.8 out of 5 stars. The company has secured a $65 million credit facility to increase capacity for its private lending business. Management says the new financing will enable it to accelerate growth in private student loan lending and financing. College Ave Student Loans is a next-generation fintech lender and student loan marketplace focused exclusively on private student loans and the in-school market. The company delivers personalized funding options and a customer-friendly experience, serving students at more than 2,500 campuses nationwide and earning a 5-star customer rating. It emphasizes competitive rates and a range of repayment options, using technology and industry expertise to connect families with lenders. Leadership cited rapid, smart growth as a rationale for the recent capital raise. The company plans to use the new capital to fuel growth and expand into new education financing market segments. Joe DePaulo is co-founder, chairman and CEO, and the company positioned itself as the first fintech lender to launch focused on the in-school market. College Ave Student Loans is an online marketplace lender that specializes in private and in-school student loans, founded by former Sallie Mae executives and industry veterans. The company began originating loans in December 2014 and has received more than $1 billion in loan requests since inception. It offers competitive rates, multiple repayment options, and a technology-driven platform aimed at delivering simple, clear, and personalized loan products to students and families. College Ave positions itself as an alternative to traditional lenders and emphasizes customer-friendly experiences from application through repayment. The company is Wilmington, Del.–based and reports more than $1 billion of committed loan purchasing power from multiple sources.

Total raised

$115M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Feb 2019