What’s the difference between a bootcamp loan and a private student loan?

There are a few key differences between Ascent’s bootcamp loans and a private student loan:

• Ascent’s bootcamp loans are consumer loans tailored for those seeking to transform their career at a bootcamp or an accelerated learning program. Private student loans are typically only available for qualified education expenses as defined by the IRS.
• Private student loan interest payments may be tax deductible, but bootcamp interest payments are not. You may want to consult your tax advisor to determine how this will affect you.
• Bootcamp loans may be treated differently in the event of a borrower's or cosigner’s bankruptcy.
• Ascent’s private college loans may be eligible for cosigner release, while the bootcamp loans are not.