Do I need to re-apply for a new loan every quarter / semester / year?

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Last Updated: December 10, 2024

 

Yes, you’ll need to apply for a new loan to cover each academic period (e.g., Fall, Spring, Summer, or a full academic year).

 

Borrowing for a full academic year offers these benefits:

-Requires only one application and credit inquiry.
-Locks in your interest rate for the entire year.
-Simplifies disbursement and payment planning.

 

You can apply by:

1. Submit an online application
2. Using the College Ave mobile app (available on the Apple® App Store® or Google Play™ Store), which pre-fills some of your information for faster completion.

 

 

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