For Cosigners Archives - Page 4 of 8

School Codes in FAFSA: Adding, Removing & Editing
Need to update your school information on the FAFSA? Learn more about the process of adding, editing, or deleting a school on your FAFSA even after submission.

January 13, 2025 | By: Ascent
Can International Students Apply for FAFSA?
Even though international students can't receive aid from the U.S government, it's still important to complete the FAFSA. Learn more from Ascent Funding.

August 11, 2025 | By: Ascent
The Different Types of Financial Aid Explained: Loans, Grants, & Work-Study Programs
Types of Financial Aid Explained: Learn about the different types of financial aid available for students, including loans, grants, and work-study programs.

June 05, 2025 | By: Ascent
Confused about Federal Student Loan Repayments? Questions from Students, Answers from Ascent
Ascent hosted an engaging webinar to address what’s on many people’s minds - federal student loan repayment. We know that embarking on this journey can be overwhelming and you're not alone. According to NerdWallet, “nearly 44 million borrowers with student loans” are entering repayment. We're committed to supporting individuals every step of the way. Our recent webinar, 'Federal Student Loan Repayment De-Mystified,' covered several topics ranging from how to prepare for repayment to understanding your repayment plan and exploring the invaluable resources available for those making budget adjustments. We want to offer resources and address some important audience questions we didn’t have time to cover and provide guidance and support on this complex topic. There are some great options for student loan repayment. What are the potential downsides to an Income Driven Repayment plan (IDR)? Income Driven Repayment (IDR) plans may be a good option for students that are unable to make their required payments under a standard, graduated or extended repayment plan, have low income or are enrolled in the Public Service Loan Forgiveness program, among other reasons. However, it is not always the best option for all students. Some of the disadvantages of IDR's include: You might not qualify for a lower payment than under a standard repayment plan Depending on which IDR plan, loan balances may increase as well as total cost of the loan due to unpaid interest It will generally take longer to fully repay the debt obligation Monthly payments may increase as your income increases There may be tax consequences for forgiven loan balances, and you may want to consult a tax professional What if my monthly payment is too high? How can I reduce this to a manageable amount? According to StudentAid.gov, “Most federal student loans are eligible for at least one income-driven repayment plan. If your income is low enough, your payment could be as low as $0 per month.” Start by exploring the new SAVE plan and use the Loan Simulator. This tool will help you explore repayment options that fit your needs. You can also reach out to your Loan Servicer to explore options for reducing your monthly payment. To find your Loan Servicer: Log into StudentAid.gov, view your Dashboard and access their information on the right-hand side panel. What is PSLF and how can I qualify? The Public Service Loan Forgiveness is a program for individuals employed by a government or non-profit organization that forgives the remaining balance on your direct loans: If you are working full time for an eligible employer After you’ve made the equivalent of 120 qualifying monthly payments under an accepted repayment plan The PSLF Help Tool is a great place to start and will help you: Search for qualifying employers List what actions you may need to take to become eligible Generate a PSLF form (tip: You must complete the form in a single session) Need more info? Check out this helpful FAQ about PSLF What types of student loan repayment options are there for Parent Plus Loans? Parent PLUS borrowers are eligible for the following repayment plans: Standard Repayment Plan Graduated Repayment Plan Extended Repayment Plan According to StudentAid.gov, “Parent borrowers can become eligible for an additional repayment plan—the Income-Contingent Repayment Plan—by consolidating their parent PLUS loans into a Direct Consolidation Loan.” If you have concerns about making payments, reach out to your Loan Servicer to discuss your options. Need more info? Check out these Parent Plus FAQs The conversation is far from over The conversation is far from over. It's ever evolving, and we recognize the importance of this topic for enrolled and unenrolled students, graduates and cosigners. We're dedicated to delving deeper and bringing more insights, advice, and conversations in the coming weeks. Stay tuned and keep sharing your questions, concerns, and personal experiences as it helps shape these discussions and strengthens our Ascent community.

October 04, 2023 | By: Ascent
How to Get a Student Loan
There are several ways to get student loans, with a cosigner or without. Read how to get a student loan here to learn more.

December 29, 2025 | By: Ascent
How to Apply for Grad School Loans
If you're attending graduate school, our step-by-step guide will help you figure out where to start with the loan application process.

August 14, 2024 | By: Ascent
Ascent Parents Speak On Student Success
New adventures can be intimidating—whether it’s moving to a faraway campus, exploring some new classes, or furthering a budding career with a bootcamp program, there’s a lot to prepare for.

January 05, 2023 | By: Ascent
Your Guide to Voting in College: Tips for Students and First-Time Voters
Being a college student means you’re consistently busy.

February 15, 2024 | By: Ascent
What Are Parent PLUS Loans? Know the Facts
What are Parent PLUS loans, and should you look into one? Ascent Funding breaks down what Parent PLUS loans are and explains how they can benefit students.

June 09, 2025 | By: Ascent
What is a 529 College Savings Plan? How to Save for Your Student’s College Fund
A 529 college savings plan is an investment plan to pay for various education costs. Learn more about 529 college savings plans from Ascent Funding.

May 27, 2025 | By: Ascent
How To Choose A Student Loan Lender: Important Factors To Consider
When it comes to choosing a private student loan lender, who you work with makes a big difference. Learn more about what to look for from Ascent Funding.

October 20, 2023 | By: Ascent