Private Student Loan Advice & College Financing Resources

 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 168,000 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 168,000 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. 

The U.S. Chamber of Commerce Foundation named Ascent a finalist in the 2025 Citizens Awards, a long-standing program that honors businesses for their leadership in solving the world’s biggest challenges.   Ascent was nominated for the Best Education and Workforce Program for its Zero Percent Loan initiative with The Forward Fund, designed to remove financial and educational barriers for adult learners to gain in-demand skills, advance their careers, and achieve lasting economic mobility in North Carolina.  “We are thrilled to be recognized as a finalist for this award,” said Ken Ruggiero, president & CEO of Ascent. “This honor celebrates the power of collaboration and innovation to expand access to education and career opportunities—creating real impact for learners and the communities they serve.”  This prestigious program recognizes the most innovative and impactful initiatives that leverage a company’s talent, resources, and expertise to improve communities.  Ascent collaborates with philanthropic investors, private funders, and public sector partners to deliver innovative, outcomes-based financing solutions that expand access to upskilling and higher education for adult learners. These partnerships fuel Ascent’s mission to unlock durable economic mobility by removing financial barriers and enabling learners to pursue high-impact training and career pathways.   “Across the country, millions of adults are eager to build new skills and advance their careers, but many are shut out by cost,” said Tristan Fleming, Chief Impact Officer at Ascent. “Our Zero Percent Loan program  helps remove that barrier, giving learners—especially those from low-income backgrounds—the skills and confidence they need to achieve lasting success and economic mobility.”  With minimal underwriting and a 90%+ approval rate, the Zero Percent Loan program allows students to pursue training with no interest or fees. It also offers protections such as payment deferral if a minimum income threshold isn’t met, plus living stipends to support program completion. The results speak for themselves: 98% of participants didn’t have a cosigner, 93% came from low-income backgrounds, and 76% had no college degree. After completing their programs, graduates report an average income increase of an impressive $24,000.  The winners of the 2025 Citizens Awards will be announced during the U.S. Chamber Foundation’s Business Solves Conference on October 28, 2025. Learn more about the awards program and register to attend the event here.    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.  About the U.S. Chamber of Commerce Foundation    The U.S. Chamber of Commerce Foundation harnesses the power of business to create solutions for the good of America and the world. We anticipate, develop, and deploy solutions to challenges facing communities—today and tomorrow.  

Whether you're currently in school, preparing to start, or managing your loan repayment, Ascent provides practical tools and insights to help you make informed financial decisions with confidence. Paying for college can be confusing, especially with all the recent changes to financial aid and student loans. To help make things a little clearer, we partnered with Mission Federal and the University of San Diego to host “Understanding Student Loan Changes Amidst Uncertainty,” a webinar designed for students and families.   Ascent’s SVP and GM of AscentUP, Allie Danziger, Mission Fed's VP of Marketing and Community Relations, Neville Billimoria, and University of San Diego’s Director of Financial Aid, Kellie Nehring, shared helpful advice on FAFSA updates, scholarships, student loans, and how to plan for different college paths, whether that’s a four-year university, a community college, or something in between.  If you missed the webinar, no worries! You can watch it here but we’ve also summarized the learnings below.   Changes to Federal Loan Policy  Big shifts are on the horizon—new federal policy changes are set to reshape repayment, forgiveness, and loan eligibility in ways that every student and family should know about.  Starting July 1, 2026, federal loan regulations will undergo major updates that will directly impact how students and parents pay for college, beginning with the 2026–2027 academic year. Graduate students will no longer be able to borrow Grad PLUS Loans, a change that could make financing advanced degrees more challenging. For undergraduates, Parent PLUS Loans will still be available, but borrowing will be capped at $20,000 per year—posing funding gaps for families at higher-cost schools while having less effect at more affordable institutions. The good news? If you’re starting school this Fall and plan to use Grad PLUS or Parent PLUS Loans, your borrowing won’t be affected for the upcoming academic year. Still, these upcoming changes are prompting schools to explore creative solutions, from expanding institutional loan options to connecting families with private lenders. For students and parents alike, understanding these shifts early is key to preparing for the future of college financing.  Parent PLUS Loans have unique repayment rules that families should understand before borrowing. Eligibility requires a credit check, and repayment begins just 60 days after the second disbursement, often during the spring semester of a student’s first year. These payments cannot be deferred until six months after graduation, meaning parents may need to start making payments while their student is still in school. International students aren’t eligible for federal aid, but they may still qualify for other financial aid programs and resources.  Guidance for Navigating Student Loans  As you plan for the road ahead, it’s important to understand the key details of student loans to stay informed and make confident financial decisions.  Completing the Free Application for Federal Student Aid (FAFSA) each year is the first and most important step in determining your eligibility for federal financial aid. Depending on your situation, you may also need to fill out an institutional or state application to maximize your options. For many students, federal loans will play a key role: subsidized loans are need-based and don’t accrue interest while you’re in school, as long as your Student Aid Index is lower than your school’s cost of attendance. On the other hand, unsubsidized loans begin accruing interest right away, though repayment is deferred until six months after graduation or withdrawal. Once repayment starts, it’s critical to stay on track—missing payments, even during forbearance, can create lasting challenges. Remember, you’ll be repaying the loan servicer that manages your account, so building good habits now will set you up for success after graduation. The good news is that repayment plans can be tailored to your income, giving you some flexibility as you begin your career.  Federal student loan interest rates typically shift by about 5–10% each year and reset every July 1st for the upcoming academic year. In contrast, private lenders adjust rates which can make them more competitive depending on the market.   Ascent offers low rates and multiple benefits that help students plan, pay, and succeed in college. Our borrowers also receive access to our AscentUP program which provides tools, resources, and coaching, as well as access to paid internship opportunities, to support students on professional development, building confidence, developing new skills, and jumpstart dream careers.  More Ways to Pay  Beyond student loans, there are several ways to help make college more affordable.  Campus jobs offer flexible hours and valuable experience, often available through the financial aid office, athletics department, or housing office. If you qualify, federal work-study can provide an added chance to earn money while gaining valuable experience. The key is to explore these options early at the schools you’re considering, so you can combine resources and create a strategy that makes paying for college feel more manageable.  When it comes to paying for college, scholarships are the ultimate win— it’s free money you never have to pay back. There are scholarships out there for nearly everything—academics, athletics, leadership, volunteering, unique hobbies, and even your favorite ice cream flavor. The more you apply for, the more chances you have to stack up real savings. For students 14+, Ascent offers no-essay scholarships! Check out the latest opportunities and enter to win here!  As you navigate paying for college, remember that you don’t have to do it alone—your school’s financial aid team is there to support you. Whether it’s asking about scholarships, staying on top of deadlines, appealing for additional aid, or finding out who to contact about repayment options, reaching out early can make a huge difference. Building a relationship with the financial aid office not only helps you avoid frustration and discouragement but also ensures you have a trusted resource to turn to whenever questions come up. Don’t hesitate to ask plenty of questions, seek advice, and lean on the broader network of support around you. By gathering input from multiple sources and staying connected, you’ll be better equipped to make confident, informed decisions about your financial journey! 

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. 

North Carolina’s nursing shortage is projected to reach nearly 12,500 by 2033. To address this shortage, The Forward Fund (TFF) and the North Carolina Area Health Education Centers (NC AHEC) have joined forces to provide zero-interest loans to individuals enrolling in the NC AHEC RN Refresher program offered in collaboration with the University of North Carolina at Chapel Hill School of Nursing. “This partnership is an excellent opportunity to provide RN Refresher students with funding support to eliminate cost as a barrier -to enrollment in the program and subsequently return to nursing workforce. It is a win-win for the RN Refresher and the nursing workforce in North Carolina,” said Dr. Felicia Mosley-Williams, Statewide AHEC Nursing Liaison and Director of the NC AHEC RN Refresher Program. The RN Refresher program provides accelerated, asynchronous education and training for registered nurses with a lapsed license or an active RN looking to update their knowledge.  “The RN Refresher program is committed to helping more nurses return to the field, opening a variety of career pathways, and investing in nursing’s commitment to improve the state of healthcare in North Carolina,” said Dr. Jill Forcina, Director of Education and Nursing at NC AHEC. The program consists of 24 self-paced, online modules taught by faculty at the University of North Carolina at Chapel Hill School of Nursing, and a 140-hour clinical practicum managed by local AHECs. Costs for the program are relatively low, however, financial barriers exist preventing RNs from taking advantage of the program. That’s where The Forward Fund’s partnership fills the gap.  The Forward Fund will offer zero-interest cost of living loans to individuals enrolling in the RN Refresher program. Loans will vary from $2,000 to $5,000 to cover the cost of living like housing, childcare, and transportation, so RNs can focus on their training and upskilling.  “We are proud to partner with NCAHEC and regional area education centers to provide zero-interest financing to support RNs to reenter the workforce,” said Meaghan Dennison, CEO and founder of TFF. “We are thrilled to expand our loan offering to the healthcare space with this partnership.” Loan terms include no minimum credit score, a 3-month grace period upon program completion and a minimum income threshold of $30,000, which accounts for part-time employment. Nurses that do not meet the minimum salary threshold may request income-based deferment, during which period they would have no payments due and remain in good standing with their loan. TFF loans are powered by Ascent Funding as the loan origination and master servicing partner. Once approved, loans are disbursed directly to the student. “We’re thrilled to partner with The Forward Fund and NCAHEC to address the coming nursing shortage by lowering the financial barriers for students,” said Michele Shank, VP, Impact & Senior Counsel from Ascent Funding. “Programs like ours help North Carolina nurses return to work, which only means improved healthcare for all." Interested students learn more about the RN Refresher program here and identify the local contact to be introduced to this financing opportunity.  About the Forward Fund The Forward Fund, headquartered in Wilmington, North Carolina, is the state’s only pay-it-forward fund. Dedicated to empowering students, The Forward Fund provides tailored financial support to help students enroll in educational programs, graduate, and secure high-wage employment. This innovative model invests in individual success and ensures local employers gain access to a skilled workforce essential to North Carolina's growth. Website: https://theforward.fund/ LinkedIn: https://www.linkedin.com/company/theforwardfund Contact TFF: https://theforward.fund/contact/ 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, visit www.ascentfunding.com.

Education is always evolving, and keeping track of the changes can be overwhelming. From critical FAFSA updates to new Department of Education regulations, staying informed has become increasingly complex. Recognizing these challenges, we're taking a proactive approach to support you. On April 10th, we hosted an exclusive Ask Me Anything (AMA) session with our CEO, Ken Ruggiero, creating a direct line of communication between you and our leadership.  The session revealed widespread uncertainty about the impact of recent changes on financial aid processes and next steps. Your concerns are our priority, which is why this AMA was designed to provide clear, authoritative answers to your most pressing questions.  Couldn't make it to the live session? We've got you covered. We've carefully compiled the most significant questions and comprehensive answers in this detailed recap. Our goal is to transform uncertainty into understanding, empowering you to navigate these changes with confidence.  When you say, "dismantle the U.S. Department of Education," what do you mean?  There's been growing discussion about potential changes to the U.S. Department of Education, including the possible transfer of federal student loans to the Small Business Administration (SBA). While nothing has officially changed yet, President Trump issued an executive order on March 20, 2025, to begin dismantling the Department of Education. Following this, he announced that the SBA will take over the administration of the student loan portfolio.  That said, there may be some challenges to making these changes a reality. Since much of the federal student loan system is governed by law, it’s not clear how these would be implemented without approval from Congress.  We know this news can be confusing and stressful, especially if you’re relying on federal aid right now. But rest assured, your current loans and aid are unaffected for the time being. While these changes may impact future borrowers, we’ll be here to keep you updated and support you through any changes that come your way.  Will my payments still be deferred until I finish school?  If you chose in-school deferment when you took out your loan from Ascent, your payments will remain deferred as long as you’re enrolled at least half-time. This means you won’t need to make monthly payments until after you graduate or drop below half-time status, depending on your loan terms. It's also important to note that a change in the administrator of the federal student loan program should not affect your eligibility to defer payments while you're in school. However, making early payments during deferment can still reduce your total loan cost and help you get ahead with repayment.  I want to know if there will still be funding for students that are going to school outside of private lenders? I thought FAFSA helps us avoid interest on loans.  Great question! You’re not alone in wondering this. Yes, federal student aid through FAFSA is still currently available. Nothing has changed how students apply for, or receive, federal grants, work-study, or subsidized loans.   While there have been recent discussions about potential shifts in how federal education is managed, no changes to FAFSA or federal aid have been approved at this time.   If you’re planning for school, it’s still a good idea to complete your FAFSA application as soon as possible and explore all options- federal and private loans- as well as scholarships to make the best financial decision for your situation.  Will FAFSA payments be altered or canceled altogether because of the DOE getting cut?  As of today, we haven’t heard anything about FAFSA payments being altered or canceled due to changes with the Department of Education. While there have been some changes within the DOE, they’ve assured that essential programs like FAFSA are still up and running. You can continue applying for financial aid as usual, and we’ll keep you updated if anything changes.  Why is FAFSA taking so long this year?   FAFSA is taking longer this year due to a major redesign for the 2024–2025 academic year, aimed at simplifying the process. However, technical issues and reduced staffing at the Department of Education have caused delays in processing and sending information to colleges. We know it’s a stressful time, especially when you're waiting on financial details to make decisions, but these delays are part of the transition to the new system.  Can I still submit my FAFSA if I haven’t yet?   Yes, you can still submit your FAFSA! The federal deadline to submit the FAFSA for the 2024-2025 academic year is June 30, 2025. However, some states and schools have earlier deadlines for their own aid programs. Just keep in mind that some funding might be limited the longer you wait, so try to submit it as soon as you can to maximize your chances of getting the most aid available.  How is FASFA and other forms of aid like TAP, going to be affected? And how can people go about paying for their education?  We know how important financial aid is, and we want to reassure you that FAFSA and programs like TAP are still available to help you pay for school. There’s been a lot of talk about changes, but for now, nothing has affected these programs, so you can still count on them to support you.    With the income-based repayment plan no longer available, how much will students expect to pay monthly in repayments and what advice can you share about how to do this with a small income?  Good news – the application process for income-driven repayment (IDR) plans, including SAVE, PAYE, ICR, and IBR, is now open again after a brief pause. This means borrowers can apply for these plans and potentially reduce their monthly payments based on income, providing valuable relief if finances are tight. However, while the application process is back up and running, several provisions of these plans remain on pause. For more details, visit: https://studentaid.gov/announcements-events/idr-court-actions.  If you’re working on a smaller income, we recommend looking into one of these plans. Along with that, taking a look at budgeting strategies can help you make the most out of your funds. Don’t forget to check out any forgiveness programs that might be available to you, as well. They could really make a difference in the long run.   For further assistance, student borrowers should reach out to their loan servicers or visit the Federal Student Aid website for the most up-to-date guidance and resources.  Can you provide general info on a Parent Plus Loan?  A Parent Plus Loan is a federal loan that lets parents help cover the cost of their child’s college education. It can cover up to the full cost of attendance, minus any other aid, and has a fixed interest rate of 9.08% for the 2024-2025 school year. This process includes a simple credit check, and while payments usually start after the loan is disbursed, parents can request to defer payments while their student is in school.  Thank you for this opportunity. As a prospective international student, what are my chances of getting funding, considering these new changes? Thank you.  Ascent offers loans to international students with creditworthy U.S. cosigner. While recent changes to the Department of Education may impact federal loan processes, Ascent’s eligibility for international students remain simple: you’ll need a U.S. cosigner and be enrolled at least half-time.  To stay informed about loan options and eligibility criteria, we welcome international students to visit our International Student Loans page.  How can I reduce my payments to something actually manageable?  Making your loan more manageable is all about staying proactive! You can set up automatic payments to keep things simple and avoid any late fees. If you’re able, try to pay a little extra each month – even small payments can help reduce your balance faster. And remember, the Ascent team is always here to help!   To explore more options for making your loan payments more manageable, you can contact Ascent’s customer service team.   How can I push for the Department of Education to stop changes?!!  It’s understandable to want your voice heard, especially when it comes to something as important as education and student loans. There are lots of ways to get involved – reaching out to your reps, joining advocacy groups, or signing petitions can all help.   Here are a few petitions you can sign:  Link & Link  Find the best way that works for you to get involved. Your voice counts!  Why does Ascent care?  At Ascent, we’re committed to helping students achieve their goals, and we know education is an important investment in your future. Our goal isn’t just about providing loans – it’s to empower you with clear, accessible options so you can make the best financial choices for your future. Your success means a lot to us, both while you’re in school and beyond.