Private Student Loan Advice & College Financing Resources

If you’re a student with no credit history, you might be wondering if you can still get approved for a private student loan. In many cases, the answer is yes. That said, approval often comes down to a few key details, like whether you have a cosigner, your enrollment status, and the rest of your financial picture.  We’ll walk through how private student loan lenders evaluate borrowers without credit histories, which options may work even without established credit, and a few practical steps you can take to boost your chances of approval.  Why private student loan lenders care about credit history  Private student loans are issued by banks, credit unions, and online lenders, and they typically use credit-based underwriting to estimate how likely a borrower is to repay. If you’ve never had a credit card, auto loan, or other account reported to the credit bureaus, you may have a “thin file” (limited history) or be “credit invisible” (no score at all). That doesn’t automatically mean you’ll be declined, it just means the lender may want additional reassurance, such as a cosigner, proof of income, or other qualifying factors.  So, can you get a private student loan with no credit history?  Many students can qualify for a private student loan even with no credit history. Typically, lenders look for added support (like a cosigner) or other indicators that the loan is likely to be repaid. Here are three common paths:  Apply with a cosigner. This is the most common route for undergraduates with limited credit or income.  Choose a no-cosigner loan (if available). Some lenders consider factors beyond a traditional credit score, such as your program, year in school, or income.  Limit private borrowing while you explore alternatives. You may be able to close the gap with federal loans, scholarships, a school payment plan, or a lower-cost enrollment option.  Option 1: Apply with a cosigner  If you’re a student with little or no credit history, applying with a cosigner is usually the simplest (and most common) way to get a private student loan. A cosigner is someone, often a parent, guardian, or another trusted adult, who agrees to apply with you and share responsibility for the loan.  Why do so many students go this route? Because many undergraduate private student loans are credit-based, and most students haven’t had time to build much credit or steady income yet. A strong cosigner can boost your odds of approval and may help you get a better rate. For example, Ascent borrowers who applied with a cosigner saw rates 4.92% lower on average* and were 5.8x more likely to be approved in 2025. *  You may qualify even if you have no credit score yet.  You might get a lower interest rate than you’d get on your own.  Heads-up: your cosigner is equally responsible for the loan, so staying on top of payments matters for both of you.  Lining up a cosigner doesn’t have to be a forever commitment. Some lenders offer cosigner release, which means your cosigner can be removed from the loan after you meet certain requirements (for example, making a set number of on-time payments and meeting credit and income criteria). If you qualify, the loan becomes your responsibility alone going forward.  This route can be a win-win: you may qualify more easily and potentially get a lower rate, while your cosigner can help you access funding when you need it. The tradeoff is that missed payments can affect both of your credit, and the loan may show up on your cosigner’s credit report as part of their overall debt.  If you’re planning to ask someone to cosign, it helps to have a clear plan before you bring it up: how much you want to borrow, what repayment option you’re choosing, and how you’ll stay on top of payments.   Option 2: Look for no-cosigner private student loan options  If you don’t have a cosigner (or you’d rather not ask someone), don’t stress, you may still have options. Some lenders offer private student loans with no cosigner, and instead of relying only on a traditional credit score, they may look at other parts of your application too.  What does that look like in real life? Depending on the lender and the type of loan, they might review details such as:  Your year in school and enrollment status  Your program, major, and school eligibility  Academic performance or satisfactory academic progress  Your income (if you work) and your ability to make payments  Borrowing amount relative to your school’s cost of attendance  In other words, a no-cosigner loan is often about showing you’re in an eligible program and that the loan amount makes sense for your situation, not about having a long credit track record.  Option 3: Borrow smarter by combining funding sources  If you’re trying to figure out how to pay for school, it helps to think in layers. Many students use a mix of financial aid, scholarships, and school resources first, then use a private student loan to cover the remaining gap (instead of borrowing more than they need).  Start with the FAFSA (even if you plan to borrow privately). Federal aid can include grants and work-study, and it may unlock federal loans if you need them.  Stack scholarships and tuition discounts. Every dollar you earn in scholarships is a dollar you may not need to borrow. Check your school’s portal, your department, local organizations, and employer programs (if applicable).  Use a school payment plan if it helps. Many schools let you spread tuition out over the semester. That can reduce how much you need to borrow at once (sometimes for a small fee).  Consider work-study or part-time work to cover living costs. Covering books, rent, or transportation with income can help you keep your private loan amount lower.  Borrow only what you need. A smaller loan can mean lower monthly payments and, in some cases, it may also make approval easier, especially if you’re applying without a cosigner.  As you put your plan together, building credit can help too. Even a small positive credit history may improve your approval odds and could help you qualify for better rates in the future.   FAQ: Private student loans and no credit history  Will I have a credit score if I have never used credit?  Not always. Some students have no score at all, while others have a thin file that produces a score. Either way, many lenders will want more support for the application, most commonly a cosigner.  Does having a part-time job help me qualify?  It can, especially for lenders that consider income as part of their review. Still, many undergrads need a cosigner even with income, and approval can depend on how much you want to borrow.  Can a private student loan help me build credit?  Yes, on-time payments can help build credit over time if the lender reports to the credit bureaus. The catch is that missed payments can also hurt, so only borrow what you truly need and choose a payment plan you can stick with.  When should I consider federal loans instead?  If you have not filled out the FAFSA yet, start there. Federal student loans are typically easier to access for undergrads and come with protections like income-driven repayment and potential forgiveness options for eligible borrowers.  * 5.8x higher acceptance rates were observed in 2025 across all college products when a loan application is cosigned vs without a cosigner. Ascent’s minimum credit requirements vary based on loan product, credit history, and whether you’re applying with a cosigner. You can see your rates without impacting your credit score to help you determine which product could be best for you based on your unique circumstances.  

If you’re comparing private student loans, you’re already doing the right thing by taking a closer look before you choose. The interest rate matters, but it’s only one piece of the decision. You’re not just choosing what you’ll pay, you’re choosing what you’ll get: whether the loan comes with fees, what repayment options you can use while you’re in school and after you graduate, whether there’s an autopay discount, how cosigner release works if you apply with a cosigner, and what kind of tools and support you’ll have along the way.  Another way to compare lenders is to look at what they offer beyond the money itself. Some lenders provide extra resources, like financial wellness tools, budgeting education, or career support. These can help you make smarter decisions while you’re in school and feel more prepared after graduation.  In this guide, we’ll break down the key features that matter most so you can compare lenders side by side and choose the option that fits your budget, your timeline, and goals.   Private student loan interest rates explained: how to compare beyond APR  Interest rate matters because it affects your monthly payment and the total interest you may pay over time. But two loans with similar rates can feel very different once you factor in fees, repayment flexibility, and benefits like autopay discounts or cosigner release.   Private student loan fees: what “no fees” really means  Fees don’t always show up in the headline rate, but they can raise what you pay out of pocket. Many private student loans are structured with no application, origination, or disbursement fees, which keeps your loan cost more straightforward. Still, it’s worth double-checking the fee schedule before you sign, especially for fees that can pop up later in repayment.   Application, origination, or disbursement fees  Returned payment fees  Prepayment penalties (many lenders don’t charge these, but confirm)  A good lender will spell out fees clearly and keep them simple. If you see “no fees,” confirm which fees are included in that promise.  For example, for Ascent college loans, we offer no application, disbursement, or prepayment fees. 1  Private student loan repayment options: what to compare before you borrow  Repayment options decide whether a loan feels manageable.  When you compare lenders, look for:  Choices for how you pay while you’re in school  Clear timing for when full repayment begins after graduation  Options that let you adjust if life changes  Clear explanations of what your payment looks like once repayment starts  Helpful rule: Choose the plan you can stick with consistently.  How this shows up with us: Ascent offers multiple repayment options 2 so you can choose what works best for you. Depending on your loan, that may include options like making no payments while in school, paying interest-only, making a low monthly payment while in school, or choosing a plan where payments start smaller and increase over time.  Autopay discounts on private student loans: how they work and how to qualify  Many lenders offer a small interest rate reduction if you enroll in automatic payments. Over the life of a loan, this can really add up, especially if you borrow for multiple years. For instance, Ascent offers an autopay discount.  Private student loan lender resources: financial wellness and career support  Some private lenders offer more than financing. In addition to loan terms, consider whether a lender provides extra resources, like financial wellness education and career support, that can help you feel more prepared for life after graduation. As an example, Ascent offers these kinds of resources through AscentUP 3, including financial wellness support and access to paid internship opportunities.  1 Only Ascent college loans are eligible for no fees. Ascent career training loans are subject to a one-time origination fee of 5.0% of the loan amount. All Ascent loans are eligible for no application, disbursement, late, NSF or early payment fees.  2 The final ACH discount approved depends on the borrower's credit history, verifiable cost of attendance, and is subject to credit approval and verification of application information. Automatic Payment Discount consists of 0.25% for credit-based college student loans submitted prior to 06/01/2025, 0.5% for credit-based college student loans submitted on or after 06/01/2025, and a 1.00% discount on outcomes-based college student loans when you enroll in automatic payments. For more information, see repayment examples or review the Ascent Student Loans Terms and Conditions.  3 Ascent applicants and borrowers that agree to the AscentUP Terms of Service and Privacy Policy, as well as students associated with an Ascent parent loan application, have access to the AscentUP platform. 

Tuition and fees are only part of the cost of college. Many students also need help covering everyday necessities like housing, food, transportation, and personal expenses. If you are considering a private student loan to help pay for those costs, it's a smart question to ask.  In this guide, we'll walk through when living expenses can be covered by a private student loan, what counts as an eligible expense and how funds are typically disbursed.   Quick answer: Yes, but only within your school’s cost of attendance  In many cases, you can use a private student loan for living expenses like housing, as long as those costs are included in your school’s cost of attendance (COA). COA is the budget your school uses to estimate what it costs to attend for a specific period of enrollment, and it sets the limit for how much total financial aid you can receive, including private student loans.  What living expenses can a private student loan cover?  Your school builds your COA (Cost of Attendance) using categories defined by federal guidelines and local estimates. Exact amounts vary by school and by whether you live on campus, off campus, or commute, but living expenses commonly include:  Housing (on-campus room and board or an off-campus housing allowance)  Food (meal plan or grocery allowance)  Transportation (commuting costs like gas, public transit, or parking, depending on your school’s budget)  Personal and miscellaneous expenses (basic necessities like laundry, hygiene items, and other everyday costs)  Books and supplies (textbooks, lab materials, required course supplies)  Computer and required equipment (in many cases, schools include an allowance for a laptop used for coursework)  Even if you receive a refund (more on that below), student loan funds are not intended for non-education spending. Think of it this way: if it does not support your ability to attend school and complete your program, it is probably not a smart use of loan money.  How private student loan funds reach you (and why you might get a “refund”)  Most private student loans are sent to your school first, not directly to you. The school applies the funds to charges like tuition and fees (and sometimes on-campus housing and meal plans). If there is money left over after your school covers those charges, the remaining amount is typically issued to you as a student refund by check or direct deposit, based on your school’s process.  This timing matters because refunds can take time. If you are counting on loan funds to pay rent or buy essentials at the start of the term, ask your financial aid office when refunds are typically released, and plan accordingly.   If you receive a refund from your school, that money is still part of your student aid and is generally meant for education-related living costs included in your school’s cost of attendance, such as off-campus housing, food, transportation, and required supplies. Because policies and timing vary by school, it is a good idea to confirm your refund and disbursement schedule with the financial aid office, set up direct deposit if available, and keep documentation for major expenses in case questions come up later.  How much can you borrow for living expenses?  Here is the key rule: you generally cannot borrow more than your school-certified COA minus other financial aid you receive. Your school usually has to certify your private student loan amount, which helps keep total borrowing within those limits.  Example: If your school’s COA is $30,000 for the year and you are receiving $18,000 in scholarships, grants, and federal loans combined, you may be able to borrow up to $12,000 in a private loan (assuming you meet lender requirements and your school certifies the amount).  Final takeaway  Yes, a private student loan can help cover living expenses, but the smartest approach is to keep your borrowing tied to your school’s cost of attendance and your real monthly needs. If you are unsure how much to request, start with your COA budget, subtract the aid you already have, and build a simple plan for rent, food, and essentials for the term.  If you want help estimating what you may need to borrow, explore Ascent’s Student Loan Calculator and financial wellness resources, and consider talking with your school’s financial aid office before you apply.  Learn more with Ascent   Navigating the student loan application process can be challenging, and Ascent is committed to providing students and families with the financial resources needed to pursue their dreams.      From financial wellness resources to our flexible private student loans and undergraduate student loans, we are here to help students and their families make informed decisions about their future in college, and beyond.  FAQ: Private student loans and living expenses  Can I use a private student loan to pay rent?  Often, yes. If your school includes an off-campus housing allowance in its cost of attendance, rent is usually considered part of that category. The practical detail is timing: your school may issue any leftover funds as a refund after disbursement, so plan ahead for when rent is due.  Can I use a private student loan for groceries and bills?  Typically, yes, within the food and personal expense allowances your school uses in its COA. That may include groceries, basic toiletries, laundry, and utilities that support your ability to attend school.  Why does my school have to “certify” a private student loan?  School certification helps confirm you are enrolled and that the loan amount fits within your cost of attendance after other aid is applied. It is one way the system helps prevent overborrowing beyond education-related costs. 

Paying for college can feel overwhelming, especially when financial aid and scholarships don’t cover all your expenses. Private student loans can help fill the gap, but choosing the right repayment term is just as important as selecting the loan itself. Your repayment term, the length of time you have to pay back your loan, affects your monthly payment, total interest, and financial flexibility.   Understanding your options can help you borrow smart and plan for a secure financial future.  What Is a Student Loan Repayment Term (and Why Does It Matter?)  A student loan repayment term is the time period over which you agree to repay your loan in full. For private student loans, terms typically range from 5 to 20 years, though some lenders offer shorter or longer options.  Note: Your repayment term is how long you repay the loan, while your interest rate (and APR) affects how much borrowing costs; both work together to determine your monthly payment and total repayment.  Your term determines:  Monthly payments: Shorter terms generally mean higher monthly payments, while longer terms will lower your monthly bill over a longer period of time.  Total interest paid: Longer terms usually increase the total interest you pay over the life of the loan.  Financial flexibility: Longer terms can ease monthly budgeting but may limit how quickly you become debt-free.  Choosing the right term is a balance between affordability now and minimizing costs over time.  Repayment Term Options  Private student loans usually come in a few standard term lengths, and each comes with trade-offs.  Short-term (3–10 years)  Shorter terms let you pay off your loan faster and save money on interest. The catch is that monthly payments will be higher. This works best if you have a steady income and can comfortably manage larger monthly bills.  Medium-term (10–15 years)   Medium terms strike a balance. Your monthly payments are more manageable, and total interest stays reasonable. This is a good choice if you want to balance affordability now with paying off your loan in a reasonable amount of time.  Long-term (15–20 years or more)   Longer terms lower your monthly payments, which can be helpful if you have other expenses. The trade-off is that you’ll pay more in interest over time and carry the loan longer. This option is often best for borrowers who need flexibility now and are okay with paying a bit more overall.  How to Choose the Right Repayment Term  The best repayment term depends on your finances, your goals, and what makes sense for your life right now. Here are a few things to consider:  Your budget: Start by figuring out what you can comfortably pay each month. Choosing a term that keeps payments manageable helps avoid stress and missed payments.   Future income: If you expect your income to increase after graduation, you might handle higher payments now with a shorter term, saving money on interest down the road.   Other financial goals: Buying a home, saving for emergencies, or paying off other debts may affect your decision. A slightly longer term can provide flexibility.   Trade-offs: Remember that shorter terms save money but require higher payments, while longer terms lower monthly costs but increase total interest.   Prepayment options: Some loans let you make extra payments without penalties. If yours does, you could choose a longer term for flexibility and pay extra when you can, reducing interest and paying off the loan faster.  Tools like Ascent’s Student Loan Calculator can help you estimate your monthly payment and total cost across different terms, so you can choose what fits your budget and goals.  How Repayment Options Can Support You  Beyond the length of your term, repayment options can also shape your experience.  Some private student loan providers offer in-school repayment choices, like making small fixed payments or interest-only payments while you’re enrolled. You may also be able to defer payments until after graduation, often with a grace period (a set amount of time after you leave school before your first full payment is due) before full repayment begins.  These features can influence how much interest accrues and how your balance looks when repayment starts. They also affect how prepared you feel when that first full payment comes due.  Understanding how these options work before you borrow can help you better anticipate your total cost and repayment experience and feel more confident in the decisions you’re making along the way.  Choosing a loan with flexible repayment options can give you more control over your financial journey, both during school and after you graduate.  Learn More with Ascent   Paying for college can be daunting, and Ascent is committed to providing students and families with the financial resources and clarity needed to pursue their dreams.      From financial wellness resources to our flexible private student loans and undergraduate student loans, we are here to help students and their families make informed decisions about their future in college, and beyond. 

 U.S. News & World Report, the global authority in rankings and consumer advice, has named Ascent the winner of the Best Private Student Loans for Parents as part of the 2026 Lending Awards.  “Being recognized by U.S. News & World Report as a Best Private Student Loan for Parents award winner underscores our focus on expanding access to education and driving economic mobility for student, that ultimately supports the entire family and future generations. We remain committed to delivering transparent, flexible solutions that support students and the parents and families who invest in their success,” said Ken Ruggiero, Co-Founder and CEO of Ascent Funding.  The awarded lenders were determined using a comprehensive, data-driven methodology which assessed factors including rates and fees, affordability, eligibility requirements, and customer service for lenders. For more information, read the Lenders Awards methodology.    “The 2026 Lending Awards recognize exceptional institutions, while also providing current and prospective borrowers with informed insights on financial institutions that can best support their personal financial needs and goals,” said Greg Garrison, consumer banking analyst at U.S. News.  U.S. News publishes consumer lending advice, calculators, mortgage rate forecasts, and more to help readers make the best money-related decisions for them. Consumers can find advice about personal and student loans, and much more at Money.USNews.com.  Why Ascent Stands Out  Ascent offers a range of benefits designed to support families navigating the costs of higher education:  Cosigner release opportunities* – Many students initially apply with a cosigner, with the option to release the cosigner later. This can be a significant benefit for the cosigner and the student, helping reduce long-term financial responsibility for the parents, and help the student borrowers establish their own strong credit.  No application, origination, or disbursement fees1 – Borrowers can focus on funding their education without added costs along the way.   Flexible repayment terms that fit every student – Ascent offers multiple repayment plans with fixed and variable interest rates, giving students the freedom to choose what works for them. Undergraduate students can start payments up to 9 months after graduation, while graduate and professional students have extended grace periods tailored to their programs (up to 36 months for medical, 12 months for dental).    AscentUP and internship program2 – Wrap-around support services and career-building opportunities designed to help students succeed in school, and prepare for the workforce, including access to exclusive paid internship opportunities.  Support for multiple programs – From traditional undergraduate and graduate degrees to career and trade school programs, Ascent offers options that meet diverse educational paths.  1% cash back graduation reward* – Eligible borrowers who meet terms and conditions can earn a reward when completing their program.  DACA eligibility – Eligible DACA students may apply for an Ascent loan, expanding access for students who may have fewer private loan options.  How Winners Are Selected  U.S. News evaluates lenders through a combination of quantitative metrics and editorial review, analyzing multiple key areas:  Interest rates and fees – Lenders are assessed on cost competitiveness, including any hidden or upfront charges.  Repayment flexibility – Options that allow borrowers to adjust schedules or choose terms that fit their budget are prioritized.  Cosigner support and release policies – For parents or students with limited credit history, these options can be a deciding factor.  Hardship programs – Availability of deferment, forbearance, or other protections when financial challenges arise.  Accessibility – Including eligibility for non-U.S. citizens, borrowers with shorter credit histories, and students in nontraditional programs.  Only lenders that balance affordability, transparency, and borrower support are recognized as winners. Being named a Best Private Student Loans for Parents signals that Ascent excels in these areas, helping families make informed financial decisions.  About U.S. News & World Report  U.S. News & World Report is the global leader for journalism that empowers consumers, citizens, business leaders and policy officials to make confident decisions in all aspects of their lives and communities. A multifaceted media company, U.S. News provides unbiased rankings, independent reporting and analysis, and consumer advice to millions of people on USNews.com each month. A pillar in Washington for more than 90 years, U.S. News is the trusted home for in-depth and exclusive insights on education, health, politics, the economy, personal finance, travel, automobiles, real estate, careers and consumer products and services.  About Ascent  Ascent is a leading provider of innovative financial products and wrap-around student support services that enable more students to access education and achieve academic and economic success. Everything Ascent offers is designed by leading industry professionals and with advanced technology and innovation to increase every student’s ability to plan, pay, and succeed.   Ascent’s rare Outcomes-Based Loan provides funding to credit-invisible borrowers who generally do not benefit from traditional credit. Ascent products also include: Cosigned Loans, Solo Loans, Career Loans, Parent Loans, Graduate Loans, Access Loans, Enterprise Loans and Impact Loans.  * For more information, including eligibility requirements, terms, and conditions, please visit https://www.ascentfunding.com/ascentbenefitsterms  1Only Ascent college loans are eligible for no fees. Ascent career training loans are subject to a one-time origination fee of 5.0% of the loan amount. All Ascent loans are eligible for no application, disbursement, late, NSF or early payment fees.  2 Ascent applicants and borrowers that agree to the AscentUP Terms of Service and Privacy Policy, as well as students associated with an Ascent parent loan application, have access to the AscentUP platform.  Please note: Ascent Funding, LLC products are made available through Bank of Lake Mills or DR Bank, each Member FDIC. Subject to credit approval.  Please borrow responsibly by maximizing scholarships and free financial aid, comparing federal and private student loans, and choosing the loan that best fits your needs. 

Paying for college often becomes a shared responsibility between students and parents. When federal aid and scholarships aren’t enough, families typically face two common options: taking out a parent loan or cosigning a private student loan.   While both can help bridge the funding gap for your student, they work very differently and choosing the right path depends on your goals and circumstances.   Here’s a clear, side-by-side look to help you decide which option may be better for your family.  What Is a Parent Loan?  A parent loan (most commonly a federal Parent PLUS loan or a private parent loan) is taken out entirely in the parent’s name. This means the parent is the primary borrower and is fully responsible for repayment from day one.  Parent loans can typically cover up to the full cost of attendance (minus other financial aid), making them a flexible option for families facing large funding gaps.   Key characteristics of a parent loan:  The parent owns the debt   Repayment responsibility stays with the parent unless refinanced   Federal options may include protections like income-driven repayment or forgiveness programs   This option gives parents full control, but also full responsibility.  What is a Cosigned Student Loan?  Cosigning a private student loan means the student is the primary borrower, but the parent agrees to share legal responsibility for the loan.  This is extremely common. Most undergraduate private student loans require a cosigner because students typically don’t have enough credit history or income to qualify on their own. In fact, Ascent borrowers with a cosigner see rates that are 4.92% lower on average* and are 4x more likely to be approved.*  Key characteristics of a cosigned student loan:   The student owns the loan, but the parent is equally responsible   Both borrower and cosigner are accountable for repayment   The loan appears on both credit reports   Cosigning can help students qualify and potentially secure better rates, but it comes with shared risk.  When you consider this option, it’s important to note that some lenders may offer a cosigner release feature. A cosigner release removes the cosigner from the loan after the student meets the lender’s requirements, so the student becomes solely responsible for repayment after becoming eligible according to the lender’s requirements.   The Biggest Difference: Who Is Responsible?  At the core, the decision comes down to ownership and control.  With a parent loan, the parent is 100% responsible for repayment.   With a cosigned loan, responsibility is shared, but if the student can’t pay, the parent must step in.   In both cases, parents (or the cosigners) are financially on the hook. The difference is whether that responsibility is primary (parent loan) or conditional (cosigning).  Is the Cosigned Student Loan or Parent Loan Better for Me?  There isn’t a one-size-fits-all answer when it comes to choosing between a parent loan and a cosigned private student loan. The right option depends on your family’s goals, resources, and comfort levels with shared responsibility.  Here are some questions to ask as you consider your decision:  Who will realistically handle monthly payments, both during school and after graduation?   How important is it to keep control of the loan in one person’s hands?   Are you comfortable sharing financial responsibility, or do you prefer a single primary borrower?   Would having the option to release a cosigner in the future make a difference for your long-term plan?   Talking through these questions can help your family choose a path that works best, keeps everyone clear on expectations, and sets up both the student and parent for financial confidence in the years ahead.  Final Thoughts  The right choice comes down to your family’s financial priorities, communication, and long-term plan. When you take the time to align on expectations and understand the tradeoffs, you can move forward with confidence and build a plan that supports both education goals and financial well-being.  * 4x higher acceptance rates were observed between November 2024 through January 2025 across all products when a loan application is cosigned vs without a cosigner. Ascent’s minimum credit requirements vary based on loan product, credit history, and whether you’re applying with a cosigner. You can see your rates without impacting your credit score to help you determine which product could be best for you based on your unique circumstances. 

Today’s student lending system often depends on credit scores and cosigners. But those measures do not always capture a student’s ambition or potential. As a result, many capable, motivated learners face barriers to support before they have the opportunity to show what they are truly capable of.  At Ascent, we aim to change that. Our outcomes-based lending pairs funding with built-in guidance and support, helping students and career learners stay on track, complete their programs, and prepare for meaningful opportunities after school.  Start with the video below, then keep reading to see how outcomes-based lending works and how Ascent supports learners from enrollment through career readiness.  https://youtu.be/ILBnTpo_Dvs?si=bXFz5XqpOqFG7Qjn   Why outcomes‑based funding matters  For too many students and learners, the traditional lending model does not reflect their potential or circumstances. That matters because access to education and the ability to finish it has real consequences for life outcomes, economic mobility, and community strength.  The gap in traditional lending  Private loans often rely on credit history or a creditworthy cosigner. In today’s economy, that can exclude capable learners for reasons that have little to do with their motivation or ability to succeed.  Young adults often do not have a long credit history, even when they are doing well academically.  First-generation college students may not have access to a quality cosigner.  Career changers and lifelong learners may face financial responsibilities that make traditional underwriting difficult.  Outcomes-based lending is designed to change that. By considering factors such as academic progress, program completion, and career readiness, these loans create opportunities for learners who might otherwise be left out.  How outcomes-based loans address this gap  Ascent’s outcomes-based loans focus on completion, progress, and long-term opportunity, helping qualified learners access funding when they need it most.  Juniors and senior undergraduate learners can use the Ascent’s College Outcomes-Based Loan® to cover tuition, fees, and other education costs, even if they have limited credit history or no cosigner. Eligibility for this loan type is based on several factors including major, GPA, cost of attendance, and graduation date.  Career-focused learners, whether upskilling, reskilling, or changing careers, can access the Career Outcomes-Based Loan®. With flexible repayment aligned to program completion or employment, this loan helps learners invest in their future without being held back by upfront financial barriers.  Graduate students also benefit from outcomes-based options, including loans that evaluate expected post-graduation earning potential rather than relying solely on current credit profiles. This helps ensure financing is manageable after completing advanced programs.  “We look at the whole person and their future potential,” said Allie Danziger, Ascent’s Chief Marketing Officer. “Then we help students plan, pay for school, and build the skills they need to succeed after graduation.”  Support beyond funding  Financing is only part of the picture. Students also need support to stay on track, build confidence, and get ready for what comes next.  All Ascent, borrowers get personalized coaching, career resources, and financial education that help with everything from managing time to acing interviews. Students also get access to apply to paid remote internship opportunities that give learners hands-on experience, helping them gain skills and confidence as they step into the workforce.  Strengthening learners, families and communities  Ascent has supported more than 220,000 people* and partnered with over 2,000 schools across the United States, providing more than $2 billion in funding for higher education and career-focused programs. These numbers show reach, but they only hint at the real impact.  When learners are able to finish their education, the effects ripple outward. Families gain stability, employers gain skilled talent, and communities grow stronger as more people fully participate in the economy. Supporting students is about more than tuition. It is about creating opportunities that last far beyond the classroom.  “This is why student success matters at every level,” said Danziger. “When individuals succeed, whether in school or in the workforce, their whole family benefits. Communities are strengthened, and society benefits. We are committed to removing barriers and helping more people access the education they want so they can contribute fully to their communities.”  Learn more about Ascent   No single company can solve the student finance system alone, but innovative models can move it forward. Ascent combines financial products with wrap-around student support, enabling more learners to access education and achieve academic and career success.  Ascent’s rare Outcomes-Based Loan provides funding to credit-invisible borrowers who generally do not benefit from traditional credit. Ascent products also include: Cosigned Loans, Solo Loans, Career Loans, Parent Loans, Graduate Loans, Access Loans, Enterprise Loans and Impact Loans.  From financial wellness resources to our flexible private student loans and undergraduate student loans, we are here to help students and their families make informed decisions about their future in college, and beyond.  * Over 220,000 borrowers took out an Ascent loan for college or career training tuition or expenses between January 2018 and November 2025.   

Getting your financial aid offer is an exciting step in your college journey. If you notice there is still a gap to cover, it can feel a little daunting at first. The good news is there are clear, practical ways to build a plan and keep moving forward.  This guide walks through how to close that gap step by step. You will start by maximizing funding you do not have to repay, then explore ways to reduce costs, and finally understand how to use student loans thoughtfully if you need them.  Step 1: Understand Your “Gap” Number   Before diving into solutions, start with a clear picture of what you actually need. Confirm your total cost of college and identify the portion that isn’t yet covered, your funding gap. Once you know your gap, you can explore ways to increase aid, reduce expenses, and build a strategy that works for your situation.  The key is to follow the right order. Maximize funding you don’t have to repay first, then make thoughtful decisions about the rest.  Colleges provide a Cost of Attendance (COA), which goes beyond tuition. It usually includes housing, meals, books, transportation, and personal expenses. Subtract any scholarships, grants, or other free aid you have received, and the remainder is your net cost, the true amount you need to cover.  Funding gap formula:  Net cost = COA − (grants + scholarships)  If you’re in grad school or considering enrolling, the Ascent’s Grad School Funding Calculator can help you identify your funding gap quickly and clearly, so you know exactly what you need to cover.  For undergrad students, Ascent offers a Student Loan Calculator to help you estimate your monthly payments and total loan costs.   Step 2: Ask About a Financial Aid Appeal  If your financial situation has changed, you may be able to request a review of your aid offer. This is often called a financial aid appeal or professional judgment review.  It’s worth exploring if your family has experienced something like a job loss, reduced income, unexpected medical expenses, or other significant life changes. Schools understand that financial situations evolve, and many have a process in place to reassess your aid.  Reaching out to your financial aid office is the first step. From there, you’ll typically submit a short explanation of your situation along with documentation that supports it.  Being clear, specific, and timely can make a difference here. Even small adjustments to your aid package can help reduce your overall gap.  Step 3: Focus on Scholarships and Grants First  Before turning to borrowing, invest time in scholarships and grants. These forms of aid reduce what you will need to repay later, making them a smart first step. Start with trusted resources such as Federal Student Aid and  College Board Scholarship Search.    Don’t overlook local opportunities. Scholarships through your school, community organizations, employers, or other local groups often have fewer applicants and can be easier to win. From there, you can expand your search to state and national programs.  Consistency is key. Set aside time each week to apply, reuse materials such as resumes or essays, and track deadlines to stay organized. Even smaller awards add up over time and can make a meaningful difference in your total college costs.  Some scholarships reopen regularly, giving you more chances to win. For example, Ascent’s $1,000 “Plan, Pay and Succeed” Scholarship Giveaway awards one student $1,000 each month. The application takes just a few minutes and does not require an essay. Students ages 14 and older who are enrolled at least half-time in high school, college, or a technical training program can apply, and because the scholarship runs monthly, you can enter again for another chance to win.  Step 4: Make Sure You’ve Used All Available Aid  If you haven’t already, completing the FAFSA (Free Application for Federal Student Aid) and any required school or state forms is an important step. Even if you’re unsure whether you’ll qualify for need-based aid, these forms can unlock access to additional resources.  This can include grants, institutional aid, and work-study opportunities. Some schools also offer payment plans that allow you to spread costs across the semester, which can make expenses more manageable.  Taking full advantage of what’s already available ensures you’re not leaving potential funding on the table.  Step 5: Look for Ways to Reduce Your Costs  When you’re working to close a gap, lowering your expenses can be just as impactful as finding new funding.  Small adjustments, such as choosing a different housing option, renting textbooks instead of buying new ones, or selecting a meal plan that better fits your habits, can add up quickly.  It’s also worth double-checking your academic plan. Making sure you’re taking the right courses and staying on track for graduation can help you avoid unexpected costs later.  These changes don’t have to be drastic to be effective. Even modest savings can reduce how much you need to cover elsewhere.  Step 6: Consider Income Options While in School  Earning income while in school can reduce how much you need to borrow. For example, work-study programs are federal jobs offered through your school, often on campus, and are designed around your class schedule. To apply, you must indicate interest on the FAFSA. If awarded, the school will provide a job listing and set the number of hours you can work.  Part-time jobs or internships off-campus are another option. Choose roles that fit your schedule and ideally build skills for your future career. Before accepting a job, calculate your take-home pay versus any extra costs like commuting, parking, or materials. Even a few hundred dollars a month can reduce how much you need from loans.  Tip: If you’re looking for internship help, check for programs that connect students with opportunities and career support. For example, Ascent offers the AscentUP internship program to help students explore internships and build career-ready skills.  Step 7: Understand Your Loan Options  After maximizing scholarships, grants, and income, many students still have a funding gap. This is where loans often become necessary.  First, you can consider whether federal or private student loans, or a combination of both,  work best for you.  Federal student loans: Offered by the government, these loans have fixed interest rates, standardized repayment terms, and protections like deferment or income-driven repayment. To apply, complete the FAFSA and review your award offer. Federal loans are often the first choice because of these protections.  Private student loans: Offered by banks, credit unions, and lenders like Ascent, private loans can cover the remaining cost of attendance. Terms vary based on credit, income, and cosigner status.  Here’s how the private loan process typically works:  Submit an application to the lender with your personal, financial, and school information, including how much you plan to borrow. Most applications are completed online and only take a short time to fill out.  Many students apply with a cosigner for student loans, often a parent or trusted adult, since most students don’t yet have established credit or income. A cosigner is equally responsible for the loan and can help improve approval chances and secure a lower interest rate.In fact, Ascent borrowers who apply with a cosigner are 4x more likely to be approved.*  After approval, the lender requests school certification. Your school confirms your enrollment, cost of attendance, and that you are not borrowing more than your remaining need.  Once finalized, funds are sent directly to your school and applied to tuition and other charges. Any remaining amount is refunded to you for approved expenses like housing, books, or other education-related costs.  Repayment options vary, but many private student loans offer in-school options such as deferred payments, interest-only payments, or small fixed payments  Tools such as Ascent’s Student Loan Calculator can help you plan for both borrowing and repayment confidently.  Step 8: Borrow Responsibly and Revisit Your Plan  Borrowing can be a useful tool, but it works best when it’s part of a thoughtful plan.  Keeping your total borrowing as low as possible, understanding your future monthly payment, and checking in on your plan each semester can help you stay on track.  If you’re able to make small payments while in school, even covering interest, it can reduce your total cost over time. And as your situation changes, revisiting your approach ensures it continues to support your goals.  Bottom Line  If your financial aid isn’t enough, you still have a clear path forward.  Start with scholarships and grants, explore ways to reduce costs, and look for opportunities to earn income while in school. If you need to borrow, take time to understand your options and choose a plan that fits your budget and your goals.  With the right approach, you can build a strategy that works for you and keep your journey toward graduation moving forward with confidence.  Learn More with Ascent   Paying for college can be challenging, and Ascent is committed to providing students and families with the financial resources needed to pursue their dreams.      From financial wellness resources to our flexible private student loans and undergraduate student loans, we are here to help students and their families make informed decisions about their future in college, and beyond.  Frequently Asked Questions  What if my financial aid doesn’t cover housing and meals?  Start by confirming what your school included in its cost estimate, then compare housing and meal options to find potential savings. From there, explore additional scholarships, income options, and payment plans before turning to loans.  Can I combine scholarships with a private student loan?  In many cases, yes. Scholarships and grants are typically applied first, and loans may be used to cover remaining eligible expenses. Schools may adjust aid if total funding exceeds your cost of attendance.  Do I need a cosigner for a private student loan?  It depends on your financial profile and the lender. Many students apply with a cosigner to strengthen their application. If you do, it’s important that both of you understand the responsibility involved.  Should I consider federal loans before private loans?  Many students review federal loan options first because of their standardized terms and protections. Private loans can then help cover any remaining gap, depending on your needs and eligibility.  *4x higher acceptance rates were observed between November 2024 through January 2025 across all products when a loan application is cosigned vs without a cosigner. Ascent’s minimum credit requirements vary based on loan product, credit history, and whether you’re applying with a cosigner. You can see your rates without impacting your credit score to help you determine which product could be best for you based on your unique circumstances. 

As graduate funding rules change, uncertainty around how to pay for graduate education is increasing. To help students and institutions plan with greater confidence, Ascent has launched two new interactive calculators that bring earlier clarity to graduate school financing in this post-Grad PLUS environment.  Designed to surface potential funding gaps before enrollment decisions are finalized, the calculators help students better understand affordability and help schools evaluate how changes to Grad PLUS access could affect programs over time. Ascent’s Grad School Funding Calculator is designed specifically for students, while our Grad School Impact Calculator supports institution‑level planning—each focused on the decisions its audience needs to make.  By helping users identify gaps sooner, these calculators support more proactive financial planning for students, and more informed program‑level decision‑making for schools and financial aid officers.  Why Grad PLUS Planning Matters Now  For nearly two decades, Grad PLUS loans helped graduate and professional students borrow beyond traditional federal limits to cover the full cost of attendance. As access to Grad PLUS loans changes, students may find that federal aid no longer fully covers program costs, while institutions may see downstream effects on enrollment, yield, and program sustainability.  These changes make timing more important than ever. Students need earlier visibility into affordability, and institutions need better tools to model how funding constraints may affect programs over time. That’s where Ascent’s Grad PLUS calculators come in.  Introducing the Grad School Funding Calculator for Students  As graduate program costs continue to rise, many students are being asked to commit to enrollment before they fully understand how their education will be financed. The Grad School Funding Calculator is designed to close that gap by helping students assess affordability earlier in the decision‑making process.  Rather than focusing on repayment or interest rates, the calculator supports forward‑looking planning. It allows prospective and current graduate students to compare their available federal funding to the total cost of their program, so they can explore options before committing to enrollment.  How the Grad PLUS Calculator Supports Students  The Grad School Funding Calculator guides students through a short set of inputs that reflect the real components of graduate education costs and federal aid limits, including:  Program length, so estimates reflect the full duration of the degree  Annual cost of attendance, including tuition and living expenses  Expected annual cost increases, if applicable  Federal Direct Unsubsidized Loan limits, which are capped annually  Using this information, the calculator estimates the difference between total program costs and available federal funding, highlighting a potential funding gap students may need to address through other resources. These may include scholarships, savings, employer assistance, institutional aid, or private loans.  By surfacing this estimate early, the calculator helps students move from uncertainty to clarity, —providing a more informed starting point for financial planning and reducing last‑minute stress as enrollment decisions approach.  The Grad School Funding Calculator complements Ascent’s broader set of student support resources, including AscentUP, which provides financial wellness guidance, career readiness tools, and coaching to help students plan, progress, and prepare for life beyond graduation.  A Calculator for Schools: Helping Institutions Plan Ahead with Greater Clarity  For institutions, the implications of reduced Grad PLUS access extend beyond individual student access. Schools must understand how changes to graduate funding could affect enrollment, revenue, and long‑term program sustainability, —often before those impacts are visible in application or yield data.  The Grad School Impact Calculator is designed to support that planning. It helps institutions model potential funding gaps at the program level, using enrollment and aid data schools already track, so leaders can evaluate risk and plan proactively rather than react later in the cycle.  How the Grad PLUS Calculator Supports Institutions   The Grad PLUS Impact Calculator allows schools to enter key details about a specific graduate program, including:  Program type and length  Annual cost of attendance, with optional cost growth assumptions  Enrollment assumptions, such as cohort size, growth rate, and attrition  Historical aid mix, including the portion of funding previously filled by Grad PLUS  Schools can input information using either percentages or dollar amounts, with default assumptions available for institutions that don’t have exact figures on hand.  Based on these inputs, the calculator estimates the total amount of funding that would need to be replaced if Grad PLUS loans are no longer available to new borrowers. The result is a multi‑year projection that helps institutions visualize potential impact, assess exposure across cohorts, and plan enrollment and funding strategies with greater confidence.  Helping Students and Schools Plan Ahead  Together, these calculators are designed to meet users where they are, helping students understand affordability at the individual level while helping institutions assess impact at the program level.  They also complement Ascent’s broader set of student support resources, including AscentUP, which provides financial wellness guidance, career readiness tools, and coaching to help students plan, progress, and prepare for life beyond graduation as well as Ascent’s ROI calculator, which helps students understand the long-term return on investment of their education.   As graduate funding continues to evolve, earlier insight creates better options. By helping users identify potential gaps sooner, Ascent’s Grad PLUS calculators support clearer decisions —for students, for schools, and for the future of graduate education.  Learn More with Ascent  Navigating the student loan application process can be challenging, and Ascent is committed to providing students and families with the financial resources needed to pursue their dreams.      From financial wellness resources to our flexible private student loans and undergraduate student loans, we are here to help students and their families make informed decisions about their future in college, and beyond. 

Applying for a private student loan can feel overwhelming, especially if it’s your first time dealing with things like credit, interest rates, and loan paperwork. You might be wondering how approval works, what lenders look for, or how you can improve your chances of getting approved.  The good news is that there are simple, practical steps you can take to make your application stronger from the start!  Whether you’re applying on your own or with a cosigner, preparing ahead of time can help you find better options and feel more confident in the process.  Here are seven essential tips to help you improve your private student loan application and set yourself up for success.  1. Check Your Credit Before You Apply  Your credit history plays an important role in many private student loan applications. Before you apply, take time to review your credit report and FICO® Score so you know where you stand.  Many banks and credit card companies offer free access to your score, and you can also request your credit report through Experian, Equifax, or TransUnion.   Reviewing your credit early helps you understand what’s affecting your score and where you can improve. If you’re just starting out, focus on making every payment on time, keeping credit card balances low, and avoiding maxing out your limit. Small habits like setting up autopay or paying more than the minimum when you can, can build strong credit over time and make the process feel more manageable.  2. Dispute Errors on Your Credit Report  Checking your credit is important, but accuracy matters just as much. Your credit report shows the full picture of your borrowing history, including every loan, credit card, and payment in your name. Lenders review this entire report, not just your score, when evaluating your application.   As you review it, look for anything that does not seem right, such as accounts you do not recognize, incorrect balances, or payments marked late when you paid on time.  If you find an error, take action. You can dispute inaccurate information directly with the credit bureau and the lender that reported it. Fixing mistakes early can help protect your credit and prevent small issues from affecting your approval.  3. Apply With a Cosigner When It Makes Sense  If you’re new to credit or have a limited credit history, applying with a cosigner can strengthen your application. A cosigner is someone—often a parent or trusted family member—who agrees to share responsibility for the loan.  Because many cosigners have longer credit histories, their involvement can help:  Increase approval chances  Improve interest rate options  Unlock higher borrowing limits  At Ascent, we saw 4x higher approvals offs when students apply for an Ascent loan with a cosigner*. For many students, having a cosigner is a practical way to access better loan terms while building their own credit at the same time.  Also, keep in mind that some lenders, like Ascent, offer a cosigner release which helps set students up for financial success and removes cosigner’s responsibility.  4. Borrow Only What You Need  Private student loans are usually limited to your school’s certified cost of attendance, which includes tuition, housing, meals, books, and basic living expenses. Before applying, take a few minutes to review these costs and think honestly about what you really need to cover.  A helpful approach is to start with your total school costs, then subtract any money you already have from savings, scholarships, grants, or family support. The remaining amount is often a better estimate of what you actually need to borrow.  Applying for scholarships  Completing the FAFSA (Free Application for Federal Student Aid) each year to access federal student loans and other university-based financial aid  Contacting your school’s financial aid office to negotiate your financial aid offer.  Taking advantage of on-campus work-study programs to make some money during school  Borrowing only what you need now can make a big difference later. Smaller loan balances often mean lower monthly payments after graduation and more flexibility as you start your career.  5. Show Strong Financial Habits  Lenders look for signs that borrowers can manage money responsibly. Simple habits can make a meaningful difference in how your application is reviewed.  Focus on:  Paying all bills on time  Keeping credit card balances low  Avoiding unnecessary debt  Maintaining existing accounts in good standing  These habits strengthen your credit profile over time and signal reliability to lenders.  6. Do Your Research on Loan Types  When you apply for a private student loan, you usually have the choice between fixed-rate and variable-rate loans. Understanding the difference can help you pick the option that fits your circumstances.  Variable-rate loans can go up or down over time with the market. This can save you money if you plan to pay off your loan quickly, but it also comes with more uncertainty.  Fixed-rate loans stay the same for the life of your loan, so your payments won’t change. They can give you peace of mind, but your rate won’t drop if market rates go down.  Doing a little research now can help you choose a loan type that works for you today and keeps your options open for the future.  7. Apply When You're Financially Ready Timing matters. Applying when your credit is in good shape, your cosigner is also prepared, your documents are organized, and your school information is confirmed can make the process smoother and less stressful.  Before you apply, make sure you have:  Your school and program details  Cost of attendance information  Any income documentation, if required  A cosigner lined up, if needed  Having everything ready can help prevent delays, reduce mistakes, and make it easier to get approved quickly. It also gives you a clear picture of how much you actually need to borrow so you can plan with confidence.  What If You’re Not Approved Right Away?  If your application isn’t approved on the first try, it doesn’t mean you’ve failed, and it doesn’t mean you’re out of options. Many students strengthen their applications by adding a cosigner, improving their credit, or adjusting their borrowing amount.  About Ascent   Ascent is a mission-driven fintech company committed to redefining student lending through a focus on access, affordability, and lasting economic impact. Backed by institutional capital, we offer innovative loan options for college and career training programs—helping more students qualify, with or without a cosigner.    But funding is just the start. From career readiness tools to financial wellness resources to over $330,000 in no-essay scholarships, everything we build is designed to turn education into real opportunity.    * 4x higher acceptance rates were observed between November 2024 through January 2025 across all products when a loan application is cosigned vs without a cosigner. Ascent’s minimum credit requirements vary based on loan product, credit history, and whether you’re applying with a cosigner. You can see your rates without impacting your credit score to help you determine which product could be best for you based on your unique circumstances. 

Why now, what it means, and how it aligns with our mission.  At a time when education costs are rising and student debt continues to dominate national conversations, Ascent has lowered interest rates for undergraduate student loans for a limited time. Fixed rates now start as low as 2.89% Annual Percentage Rate (APR)*, down from 3.09% APR, for eligible borrowers.  This isn’t just a pricing update. It’s a strategic move rooted in our mission: to reduce financial barriers to education, support stronger borrower outcomes, and deliver long-term value to students and their families.  Inside Ascent’s Latest Rate Drop  As of August 5, 2025, Ascent offers low fixed rates available for private undergraduate student loans, starting at just 2.89% APR*. This limited-time offer is designed to help ease the financial burden on students and families amid rising education costs.  To put this rate reduction into perspective, a $10,000 loan at 2.89% APR on a 5-year repayment plan—meaning fixed monthly payments of $179.20 over 60 months—would cost roughly $10,752.23 in total*. Compared to loans with higher interest rates, that could mean hundreds or even thousands of dollars saved over the life of the loan.  Even beyond the numbers, it’s the experience of our borrowers that truly illustrates the difference. Norelle, who recently chose Ascent, shared how our competitive rates and straightforward process made a difference for her:  “Loan options and interest rates are competitive, and the process was transparent and easy.”  For another borrower, Samantha, the value went deeper than just rates:  “It feels like you actually care about me and my goals beyond just a number on a page.”  These voices remind us that lowering rates isn’t just a financial decision — it’s about removing barriers and empowering real students to move confidently toward their futures.  Why is Ascent Dropping Rates Now?   Today’s students are navigating rising tuition, shifts in federal aid, and increasing financial stress. We lowered our rates now to reduce the cost of borrowing at a time when it matters most.  Here’s what drove the decision:  We Listen to Students: Recent surveys found that over 70% of college students feel stressed about their personal finances, and nearly 60% worry they may not have enough money to pay for school. We want to be part of the solution, not the stress.  We Took a Different Path: While many lenders are raising or holding interest rates due to economic uncertainty, we are determined to take a different approach take a different approach—one grounded in accessibility and long-term impact.  We Stay Grounded in Our Mission: Our role goes beyond traditional lending. We’re focused on helping students plan, pay, and succeed academically, financially, and professionally. That means building tools, rates, and resources that work in the real world and reflect what students actually need.  “By lowering our rates, we’re helping reduce the financial barriers that stand between students and the opportunities they deserve—not just access to education, but a real chance at durable economic mobility,” said Ken Ruggiero, CEO of Ascent.   Mission Meets Market  Lowering rates isn’t just a pricing decision, it’s a mission decision.  At Ascent, we’re building a different kind of student lending model—one focused on outcomes, not just loan origination volume. That means helping students graduate with less debt, build credit, and boost their long-term earning potential.  We’re not just funding tuition. Through student-friendly features such as an autopay discount,  as well as financial education, and tools like AscentUP**, we’re investing in futures.  “We built Ascent to make a real difference in students’ lives,” added Ruggiero. “Helping learners become earners is our commitment. And for many, that starts with an affordable rate.”  Does Ascent Anticipate Another Rate Drop? Why or Why Not?   While we can’t predict exact changes in the market, Ascent commits to remaining agile and student-focused in our approach. Future changes will be guided by the same principles that drove this one: respond to what students need, stay disciplined in our pricing, and continue evolving our products to meet the moment.  Looking Ahead  Lowering our rates is one way Ascent is expanding access to education and helping students succeed in school and beyond. Backed by best-in-class teams and technology, we’re constantly improving our financial products and support services to empower students to plan, pay, and thrive.  This update to rates, along with flexible repayment options, financial wellness tools, and career resources through AscentUP, reflects our commitment to delivering more than just funding. We’re focused on outcomes—academic, personal, and economic—that last well beyond graduation.  About Ascent  Ascent is a mission-driven fintech company committed to redefining student lending through a focus on access, affordability, and lasting economic impact. Backed by institutional capital, we offer innovative loan options for college and career training programs—helping more students qualify, with or without a cosigner.  But funding is just the start. From career readiness tools to financial wellness resources to over $330,000 in no-essay scholarships, everything we build is designed to turn education into real opportunity.  Learn more about how we’re working to increase student income by $10 billion by 2028 in our Impact Report.  * =Annual Percentage Rates (APRs) displayed above are effective as of 08/06/2025 and reflect an Automatic Payment Discount of 0.25% on credit-based college student loans submitted prior to 06/01/2025, a 0.5% discount on credit-based college student loans submitted on or after 06/01/2025, and a 1.00% discount on outcomes-based college student loans when you enroll in automatic payments. Loans subject to individual approval, restrictions and conditions apply. Loan features and information advertised are intended for college student loans and are subject to change at any time. For more information, see repayment examples or review the Ascent Student Loans Terms and Conditions. The final amount approved depends on the borrower’s credit history, verifiable cost of attendance as certified by an eligible school and is subject to credit approval and verification of application information. Lowest interest rates require full principal and interest (Immediate) payments, the shortest loan term, a cosigner, and are only available for our most creditworthy applicants and cosigners with the highest average credit scores. Actual APR offered may be higher or lower than the examples above, based on the amount of time you spend in school and any grace period you have before repayment begins. Variable rates may increase after consummation.  ** Ascent applicants and borrowers that agree to the AscentUP Terms of Service and Privacy Policy, as well as students associated with an Ascent parent loan application, have access to the AscentUP platform.