Private Student Loan Advice & College Financing Resources

Comparing Loan Offers Doesn’t Have to Be Complicated  Comparing student loan offers can feel overwhelming, especially when each lender presents information a little differently. The good news? You don't need to compare every detail at once. By focusing on a few key factors first, you can better understand your options and choose a loan that fits your needs and budget. A little time spent reviewing your offers now can help you feel more confident in your borrowing decision.  If you’re comparing multiple private student loan offers, start with these three questions:  How much will you pay each month?  How much will you pay overall?  When will repayment begin?  These details can help you quickly spot important differences between loan offers. Once you’ve compared them, you can take a closer look at interest rates, fees, borrower benefits, and other loan features.  A Quick Note Before You Compare Offers  Before comparing private student loan offers, make sure you've explored your other financial aid options, including federal student loans, grants, and scholarships.  If federal aid and other funding options don't cover your full cost of attendance, a private student loan may be an option to help pay for the rest.   4 Easy Steps to Compare Student Loan Offers  Once you have a few loan offers in front of you, it's easy to get caught up in all the numbers. Instead of trying to compare everything at once, focus on the details that can have the biggest impact on what you pay and how repayment fits into your plans.  Step 1: Compare Your Monthly Payment  Start by reviewing the estimated monthly payment for each offer.  Think about what that payment could look like after graduation and whether it feels manageable for your future budget. While a lower monthly payment may seem appealing, it's important to look beyond that number alone including how long you’ll be paying, fees, interest rates and more.  You can use a student loan repayment calculator to estimate how different loan amounts, rates, and repayment terms could affect your monthly payment.  Step 2: Look at the Total Cost of the Loan  Next, compare how much you could pay over the life of the loan. A lower monthly payment doesn't always mean a loan will cost less overall. The interest rate and repayment term can affect both your monthly payment and how much you repay over time.  Looking at these details side by side can give you a clearer picture of the long-term cost of each option.  Example: A lower payment doesn't always mean lower cost  Loan Details Loan A Loan B Loan Amount $30,000 $30,000 Interest Rate 6.00% 6.00% Monthly Payment $333 $253 Repayment Term 10 years 15 years Total Repayment $39,960 $45,540  In this example, Loan B has a lower monthly payment, but the longer repayment term means the borrower could pay more overall.  When comparing your offers, consider both what you could pay each month and what you could repay over the life of the loan.  Step 3: Understand When Repayment Starts  Not every student loan works the same way when it comes to repayment. Some loans may require payments while you're in school, while others allow you to postpone payments until after you leave school. You may also have a grace period before full payments begin.  As you compare offers, pay attention to:  In-school payment options: Find out whether you'll make payments while you're in school or if payments can wait until after you leave school.  Grace periods: Some loans give you extra time after graduation before full payments begin. Check how long that period lasts, if one is offered.  When full payments begin: Understanding your repayment start date can help you plan ahead and know what to expect after school.  Repayment term length: This is how long you'll have to repay the loan. Longer repayment terms may lower your monthly payment but can increase the total amount repaid over time.  Understanding when repayments start can help you plan ahead and avoid surprises later. Depending on your repayment plan, when you have to pay back your student loans may look different.   Step 4: Review the Loan Details  Once you've compared the basics, take a closer look at the details that can make one offer different from another.  These may include:  Interest Rate or APR: The interest rate helps determine how much you'll pay to borrow the loan over time. As you compare offers, pay attention to whether you're looking at an interest rate or APR and whether the rate is fixed or variable.  Fees: Some lenders charge fees that can increase the overall cost of borrowing. Review each offer carefully so you understand whether any fees apply and when they may be charged.  Cosigner Requirements and Cosigner Release Options: If you're applying with a cosigner, check whether the lender offers a cosigner release option and what requirements must be met to become eligible.  Autopay Discounts: Some lenders offer a rate reduction when you enroll in automatic payments. While the discount may seem small, it could reduce the amount of interest you pay over time and save you money.   Other Borrower Benefits: Some lenders may offer additional benefits or features that could be valuable depending on your needs.  Remember, even if two offers have similar monthly payments, differences in the interest rate, fees, or repayment options could affect the total cost of the loan and your overall borrowing experience. Understanding how student loan interest works and the differences between fixed- and variable-rate student loans can also help you make a more informed comparison.   Take Your Time and Compare Your Options  Choosing a student loan is an important decision, but it doesn't have to feel overwhelming. By comparing your offers side by side, you can better understand how each option may affect your monthly payment, total repayment cost, and repayment timeline.  The goal isn't to find the "best" loan overall. It's to find the option that best fits your budget, needs, and plans for the future. 

So, you've decided to go back to school, or maybe you're still weighing your options. Either way, you might be wondering: How do I return to college after taking time off?  Whether you took a gap year, stepped away to focus on work or family, experienced financial challenges, managed a health concern, or completed a degree and are now thinking about going back for another, you're not alone. There are many reasons students return to school, and taking time away from your education doesn't mean your academic journey is over.  The good news is that returning to college is possible at any stage of life. In fact, many students come back with greater clarity, stronger motivation, and valuable life experience that can help them succeed. No matter how long you've been away, there are steps you can take to make the transition back to school feel manageable and rewarding.  Returning to school may feel overwhelming at first, but you don't have to figure it out alone. We'll walk through the key steps to help you move forward with confidence and make your transition back to college as smooth as possible.  Reflect on Why You're Going Back to College  Before you start researching schools, filling out applications, or exploring your funding options, take a moment to think about why you're returning to college. Having a clear sense of purpose can help you stay focused and make decisions that align with your goals.  Take some time to consider:  What motivated you to return. Are you looking to advance your career, change fields, finish your degree, pursue a master’s or another degree?  What success looks like for you. Think about the opportunities, skills, or outcomes you're hoping to gain from earning your degree.  What's changed since you last attended college. Work experience, new responsibilities, and life experiences may have given you a clearer perspective on your goals.  How college fits into your future plans. Understanding how a degree supports your long-term goals can help keep you motivated throughout the journey.  Understand Your College Options  When returning to college, it's important to remember that you don't have to pick up exactly where you left off. The best path depends on your goals, schedule, finances, and current responsibilities. For some students, returning to their previous college is the simplest option. If the school still offers a program that fits your goals, you may be able to build on the credits you've already earned rather than starting over. The familiarity of your previous school can also make the transition feel less intimidating.  However, your needs may have changed since you last attended college. A different school may offer a program that better aligns with your career goals, more flexible scheduling options, or lower tuition costs. If you're considering transferring colleges, be sure to review how your existing credits will apply toward a new degree program. If you're returning for a master's or another degree, compare programs to find one that fits your current goals and plans.  You'll also want to think about what learning format works best for your lifestyle. Many schools offer:  Online programs  Hybrid programs  Evening or weekend classes  Part-time enrollment options  As you compare schools and programs, look beyond the degree itself. Consider factors like class schedules, support services, tuition costs using free calculators, and how much time you can realistically dedicate to school. Choosing a program that fits your life today can make it easier to stay on track and reach your goals.  Contact Your School and Review Your Academic Status  Once you've decided to return to college, reach out to your school as early as possible. An admissions representative or academic advisor can help you understand what steps you'll need to take and answer questions about enrollment, credits, and requirements.  Before you register for classes, make sure you understand:  Whether you'll need to reapply. Some students can simply re-enroll, while others may need to submit a new application depending on how long they've been away.  How many credits you already have. Request a copy of your transcript and review the coursework you've completed.  Whether your credits still count. If you're returning to your previous school, ask how your credits apply to your degree requirements.  How transfer credits work. If you're considering a new school, find out which credits will transfer. The more credits that transfer, the less time and money you may need to spend completing your degree.  Any requirements for returning students. Ask about enrollment policies or additional steps you'll need to complete before registering for classes. If you're pursuing a master's or another degree, ask about the admissions requirements and whether your previous degree meets them. Federal Student Aid also offers a checklist for preparing for graduate school.  A few conversations now can save you a lot of confusion later. You'll have a better understanding of where you stand academically and a clearer path toward your degree, whether you're finishing one you started or pursuing a new one.  How to Pay for College After Taking Time Off   Returning to school is an investment in your future, but that doesn't mean you have to figure out how to pay for it on your own. Taking the time to explore your funding options can help reduce stress and make it easier to focus on your education.  As you prepare to return to college:  Complete the FAFSA. Even if you've received financial aid in the past, submit a new FAFSA to see what federal grants, loans, and work-study opportunities you may qualify for.  Look for scholarships and grants. Many organizations offer funding specifically for adult learners, transfer students, or students returning to school for another degree.  Check with your employer. Some companies offer tuition reimbursement, education assistance programs, or professional development benefits that can help offset costs.  Understand your total cost of attendance. Consider more than just tuition. Books, fees, housing, transportation, and childcare expenses can all affect your budget.  Create a realistic spending plan. Having a clear budget can help you understand how much funding you'll need and avoid financial surprises during the semester.  Explore all available resources. A combination of financial aid, scholarships, employer benefits, savings, and other funding options may help make returning to school more affordable. If you still need additional money after exploring those options, a private student loan may help cover remaining education costs.  The more prepared you are financially, the more confident you'll feel as you take the next step toward earning your degree.  Build a Schedule That Works for You  Returning to college might look different than it did the first time around. You may be balancing classes with work, family responsibilities, or other commitments, so it's important to create a schedule that feels sustainable.  A few simple tips can help you build a schedule that works for you:  Consider your current responsibilities. Think about your work schedule, family commitments, and other obligations before deciding how many classes to take.  Choose a course load that works for you. Full-time enrollment can help you finish your degree faster, while part-time enrollment may provide more flexibility.  Stay organized. Use a calendar, planner, or app to keep track of class schedules, assignments, and important deadlines.  Start with realistic expectations. Your first semester back may take some adjustment, and that's okay. Focus on building momentum rather than taking on too much at once.  Remember, the goal isn't to have a perfect schedule. It's to create a routine that allows you to make steady progress toward your degree or next educational goal while maintaining balance in the rest of your life.  Prepare for the Transition Back to Student Life  Returning to college after time away can feel exciting, but it may also take some time to get back into the rhythm of being a student. The good news is that many of the skills you've developed while working, raising a family, or managing other responsibilities can help you succeed in the classroom.   Before classes begin, it can help to:  Refresh your study habits and note-taking skills  Familiarize yourself with any online learning platforms your school uses  Create a plan for managing assignments, exams, and deadlines  Identify academic resources, such as tutoring, writing centers, or advising services  Most importantly, be patient with yourself. It's normal for the first few weeks to feel like an adjustment period. You may need time to find a study routine, rebuild your academic confidence, and get comfortable balancing school with your other responsibilities.  Remember, you don't need to have everything figured out on day one. Focus on making progress, asking for help when you need it, and giving yourself the time and space to settle back into student life.  Find Your Support System  Having the right support system can make a big difference, especially when you’re returning to school. Start by connecting with your academic advisor. They can help you understand degree requirements, choose classes, and answer questions as you work toward graduation.  You can also look for opportunities to connect with other students. Whether it's a campus organization, study group, or online community, building relationships with people who share similar goals can help you stay motivated and feel more connected to your school.  Don't forget about the people already in your corner. Family members, friends, mentors, and coworkers can provide encouragement, help you stay accountable, and celebrate your progress along the way.  Your college likely also offers a variety of resources to help students succeed, including:  Tutoring services   Writing centers   Professor or instructor office hours   Academic advising   Study groups or peer mentoring  Taking advantage of these resources can help you navigate challenges, build confidence, and get the most value from your education. Since many of these services are available at little to no additional cost, they can be an easy way to access extra support when you need it.  Build Momentum, One Semester at a Time  Returning to college can feel overwhelming when you're focused on the end goal of earning your degree. Instead, try to take it one step at a time and focus on the progress you're making along the way.  Completing your first semester back, passing a challenging class, improving your GPA, or simply staying consistent with your coursework are all accomplishments worth recognizing. Celebrating these milestones can help you stay motivated and build confidence as you move forward.  It's also helpful to keep your long-term goal in mind. Whether you're returning to advance your career, switch industries, pursue a master's or another degree, or finish a degree you started years ago, remembering your "why" can help you stay focused during busy or challenging times.  Every step forward counts. Progress may not always happen as quickly as you'd like, but each class completed brings you closer to your goal.   You've Got This  Returning to college after time away can feel like a big decision, but you don’t have to have everything figured out before you begin. Whether you’re exploring your options, returning to a previous program, or starting somewhere new, you can take the process one step at a time.  Start by focusing on what you can do today. That might mean researching schools, talking with an advisor, completing the FAFSA, or registering for your first class. Each step can help you better understand your options and move closer to your goals.   Going back to school doesn’t have to look the same for everyone. Your timeline, goals, and path may be different from someone else’s, and that’s okay. With a clear plan and the right support, you can move forward at a pace that works for you and continue working toward your degree, next degree, or future goals. 

Woman learning how student loan disbursement works, including when student loan funds are sent and when she can expect to receive the money.

We’re proud to share that Ascent has been recognized as one of Southern California’s Best Places to Work by Best Companies Group, an independent organization that honors companies creating strong workplace experiences for their teams.  Best Places to Work SoCal is a research-driven program from Best Companies Group that reviews participating companies’ practices, programs, and benefits, then gathers employee feedback about their workplace experience. Companies that meet the program’s criteria are named among the Best Places to Work SoCal. For Ascent, this recognition reflects more than our benefits or programs. It reflects the people who make our work meaningful every day.  At Ascent, we’re focused on building a workplace where people feel supported, trusted, and able to grow. Our mission is to help students access education and move toward academic and economic success, and we know that work starts with our own team. When employees feel valued and connected to the work they do, they’re better equipped to make a meaningful impact.  Our team is curious, collaborative, and open to new ideas. Leaders encourage learning, create space for feedback, and support career growth across the company. We believe great ideas can come from anywhere, and we work to make sure employees feel heard, included, and empowered to contribute.  Supporting employees means supporting the whole person. Ascent offers flexible and hybrid work options, generous PTO and leave policies, paid parental leave, wellness support, continuing education opportunities, and a 401(k) match. These benefits are designed to help team members care for themselves, grow professionally, and build sustainable careers.  Recognition is also part of how we show appreciation. Through programs like Cosmic Kudos, professional development opportunities, and company-wide celebrations, Ascent makes time to acknowledge the work happening across the team. It’s one way we help create a culture where people support each other, celebrate progress, and take pride in the impact they’re making.  “We’re proud to have built a workplace where employees feel trusted, supported, and genuinely connected to the work they do,” said Emily Skoubo, Director of Human Resources at Ascent. “This recognition reflects the collaborative culture our team has created together and our continued focus on providing an environment where people can grow, contribute, and feel valued.”  At its core, Ascent’s culture is people-first and purpose-driven. Team members support one another, celebrate wins together, and stay connected to a shared goal: helping students and families plan for, pay for, and succeed in school. That mix of mission, collaboration, and opportunity is what makes Ascent a great place to work.  We’re grateful to every employee who helps shape that culture every day and proud of what we’ve built together. As Ascent continues to grow, we’ll keep investing in our people, strengthening our culture, and creating opportunities for employees to do meaningful work while building rewarding careers. Because when our people succeed, the students and families we serve benefit too. 

Industry recognition highlights Ascent's flexible repayment options, no-fee student loans, borrower benefits, and commitment to helping students successfully finance their education.  SAN DIEGO, Calif., August 6, 2026 — Ascent Funding, LLC (“Ascent”), a student financing company focused on helping students and families confidently plan, pay, and succeed throughout higher education, announced it has been named NerdWallet’s 2026 Best Student Loan Overall. The honor also comes alongside additional recognition from Yahoo Finance, Forbes, and U.S. News, reinforcing Ascent’s position as a standout student loan provider for today’s learners.  NerdWallet’s Best Student Loan Overall award recognizes lenders that stand out across the factors students and families weigh most when comparing private student loans, including accessibility, repayment flexibility, fees, borrower support, and overall value. Ascent was recognized for bringing those priorities together through private student loan options for borrowers with or without a co-signer, flexible repayment plans, no fees on student loans, career support, and graduation rewards.  This award complements a strong year of 2026 recognition for Ascent, including:  Forbes: Best for Flexible Payment Terms   Forbes awarded Ascent a perfect 5-star rating for flexible payment terms, recognizing the company's broad range of repayment options, commitment to serving diverse student populations, and innovative outcomes-based loan program designed to expand access to education financing for students who may not qualify through traditional credit-based underwriting.  Yahoo Finance: Best Overall Private Student Loan  Yahoo Finance named Ascent its Best Overall Private Student Loan, recognizing the company for its undergraduate and graduate student loan options, longer-than-usual grace period after graduation, and Progressive Repayment option, which allows borrowers to begin with smaller payments after graduation that increase over time while remaining within the original loan term.  U.S. News: Highest Listed Private Student Loan Lender Rating  U.S. News rated Ascent 4.8/5 in its Best Private Student Loans comparison, the highest listed rating among private student loan lenders. The rating reflects Ascent’s no-fee structure, accessibility for noncitizens, broad range of eligible schools and programs, and flexible repayment options.  “Paying for college can feel complicated, and students deserve options that make the process feel clearer and more manageable,” said Allie Danziger, Chief Marketing Officer at Ascent. “We’re honored to be recognized by respected financial publications because these awards reflect the work our team does every day to support borrowers with options designed to meet them where they are.”  Recognition That Reflects Real Student Impact  Together, these awards reflect what Ascent is building: a student loan experience with more pathways to financing, support beyond the loan, stronger borrower benefits, and repayment options designed for the realities of modern learners. According to the 2025 Impact Report, in 2025 alone, Ascent helped more than 27,000 learners finance their education across more than 1,300 colleges and universities and 80 career schools, disbursing more than $357 million to support students in traditional degree programs, career training programs, certificates, bootcamps, and workforce pathways. Ascent also broadened access through more than $32 million in Zero Percent Loans and more than $8 million in loans to DACA students, while more than 9,200 learners engaged in professional skills and financial wellness training.  That same focus on access and support shows up in the way Ascent structures its student loan options: competitive rates starting at 2.19% Annual Percentage Rate (APR)¹, no fees on college and graduate student loans, automatic payment discounts, flexible repayment options, and access to AscentUP student success resources². The result is a student financing experience built to meet more learners where they are, helping them pay for school with options that are clearer, more flexible, and better aligned with the path ahead.  About Ascent Funding  Ascent is a leading provider of innovative financial products and wrap-around student support services that has helped more than 220,000 borrowers* pay for school while enabling 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 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 AscentFunding.com.  Media Contact:  Ascent: [email protected]   Ascent Funding, LLC products are made available through Bank of Lake Mills or DR Bank, each Member FDIC. Subject to credit approval.  1Annual Percentage Rates (APRs) displayed above are effective as of 08/01/2026 and reflect an Automatic Payment Discount of 0.5% on credit-based college student loans, 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.  2 For more information, including eligibility requirements, terms, and conditions, please visit www.ascentfunding.com/ascentbenefitsterms.  * Over 220,000 borrowers took out an Ascent loan for college or career training tuition or expenses between January 2018 and March 2026. 

A federal court ruling on June 25, 2026 blocked part of a new Department of Education rule just days before it was set to take effect.  For students planning to start or continue graduate school, the decision creates short-term uncertainty around how much you may be able to borrow through federal loans.  Key Takeaways  A federal judge temporarily paused part of a new Department of Education rule that would change how certain graduate programs are classified for federal student loan borrowing. The rule was scheduled to take effect on July 1.  Under the new regulations, most graduate students would be limited to borrowing $20,500 per year in federal loans, while students in qualifying professional degree programs could borrow up to $50,000 annually.  The groups challenging the policy, including the American Association of Nurse Practitioners, argued that the rule defined “professional degree” too narrowly. Their concern: some fields, including nursing and education, could be left out of the higher borrowing category, creating real funding challenges for students in those programs.  What Happened  A federal judge temporarily paused part of a new Department of Education rule that would change how graduate programs are classified for federal student loan borrowing. The rule was scheduled to take effect on July 1.  Under the new rules, most graduate students would face a $20,500 annual federal borrowing cap, while students in qualifying professional degree programs could borrow up to $50,000 per year.  The court order pauses the Department’s updated definition of “professional degree,” which had identified a limited set of degree types that could qualify for the higher borrowing limit.  That means the definition is on hold for now, but the broader federal loan limits and Grad PLUS phaseout are still moving forward.  What Was Changing  The rule is part of a broader federal student loan overhaul passed in 2025. Two major changes are still in place:  Grad PLUS loans are being phased out for new borrowers.  New federal borrowing caps are being introduced based on program type.  Under the new system:  Most graduate programs are limited to $20,500 per year, up to $100,000 total.  Professional programs, such as law or medicine, may qualify for up to $50,000 per year, up to $200,000 total.  Why the Rule Was Challenged  The court case was not about whether loan caps could exist. It was about how programs were categorized.  The Department of Education created a narrower definition of “professional degree,” which left some healthcare, education, and licensed professional programs outside the higher borrowing category.  Groups representing those programs argued that the Department went beyond what Congress intended when it rewrote the criteria.  What Has Not Changed  The ruling does not eliminate the new federal loan caps.  The broader structure created by Congress, including lower overall borrowing limits and the Grad PLUS phaseout, remains in place. The court’s decision only affects how certain programs may be classified under those limits.  What This Means for Students  In the short term, the ruling may create more flexibility for some graduate programs that would have faced stricter borrowing limits.  But the bigger picture has not changed: many graduate students may have access to less federal funding than in previous years.  That means students may need to plan for:  Funding gaps between federal aid and total school-certified costs.  More reliance on scholarships, institutional aid, savings, or payment plans.  Private student loans as one option to help cover remaining costs.  Learn More with Ascent  Ascent is here to help students, families, and schools understand what is changing, ask the right questions, and plan ahead with more confidence.  If you are trying to estimate a potential funding gap, Ascent’s Grad School Funding Calculator can help you compare your school-certified costs with the aid you may already have available.  To better understand what the Grad PLUS phaseout could mean for students and schools, check out our blog, What Does the End of Grad PLUS Loans Mean for Higher Education? 

Ascent, a leading provider of innovative financial products and student support services that enable more students to access education and achieve academic and economic success, has been named one of the 2026 Best Places to Work in Fintech, an awards program created in 2017 by Arizent and Best Companies Group.  This annual survey and awards program recognizes the top employers in the financial technology industry. Honorees operate across a wide range of financial services sectors, including banking, mortgages, insurance, payments and financial advisory. To be eligible, companies must provide technology products or services that support financial services delivery, have been in business for at least one year, and employ at least 15 people in the U.S.  "Each year, the Best Places to Work in Financial Technology offers a glimpse into the practices of fintechs whose employees rate their workplaces highly," said Penny Crosman, executive editor of technology at American Banker. "This year, employees appear to value remote work and schedule flexibility above all else, at a time when many traditional financial firms have enforced strict return-to-work policies."  Companies from across the United States entered a two-part survey process to determine Arizent’s Best Places to Work in Fintech. The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. The second part consisted of an employee survey to measure the employee experience. The combined scores determined the top companies and the final ranking. Best Companies Group managed the overall registration and survey process, analyzed the data and determined the final ranking.  “We’re proud to have built a workplace where employees feel trusted, supported, and genuinely connected to the work they do,” said Emily Skoubo, Director of Human Resources at Ascent. “This recognition reflects the collaborative culture our team has created together and our continued focus on providing an environment where people can grow, contribute, and feel valued.”  For more information on Arizent’s Best Places to Work in Fintech program, including full eligibility criteria, visit www.BestPlacestoWorkFinTech.com or contact Penny Crosman at [email protected].  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.  

Helping future business leaders navigate funding and career readiness with greater confidence. RESTON, Va. (May 19, 2026) – GMAC (Graduate Management Admission Council), a global nonprofit association of leading business schools and central hub for business school candidates, today announced a collaboration with Ascent Funding, a leading provider of private student loan products and student support services, facilitated through its bank partners. Together, GMAC and Ascent aim to help Master of Business Administration (MBA) and other business master’s program students better plan for, pay for, and succeed in their graduate business education. According to GMAC’s latest research on prospective business school students, aspects like cost and lack of financial aid, are cited as candidates’ most common barriers to pursuing a graduate business degree. As policies around financial resources for higher education shift, many qualified and motivated learners risk being left behind. Increasingly the barrier isn’t ability - it’s access to funding. Ascent prides itself on its student-focused benefits, easy application, flexible repayment options, and commitment to expanding access to education financing through its outcomes-based funding model, which evaluates students’ expected post-graduation earning potential, rather than relying solely on current income and credit profile. Together, GMAC and Ascent are helping to provide more students with access to flexible, student-centric financing solutions that reflect the realities of today’s business talent. “We know that education has the potential to change the trajectory of someone’s life, but too often, access comes down to outdated measures like credit history or current income, not future potential,” said Ken Ruggiero, CEO of Ascent. “At Ascent, we’ve built our model around outcomes, because we believe students should be evaluated based on where they’re going, not just where they’re starting. Working with GMAC allows us to meet aspiring business school students at a critical moment and give them the tools and financing they need to move forward with confidence.” Students in the GMAC ecosystem may take advantage of a suite of financial and professional benefits provided by Ascent to support them throughout their graduate business school journey, including*: 0.5% - 1.00% autopay interest rate discount 1% cash back reward upon graduation Access to Ascent’s proprietary professional training and career readiness platform, with a 9-month post-graduation grace period before repayment begins A dedicated Ascent representative for personalized application support “For more than 70 years, GMAC’s mission has been to connect aspiring business leaders with the opportunities and resources for them to realize their potential,” said Joy Jones, CEO of GMAC. “As the path to graduate management education becomes more complex, collaborations like this play an important role in helping candidates navigate both the financial and professional aspects of their journey. By working with Ascent, we’re able to help make candidates aware of tools and support at this critical juncture, empowering them not only to enroll in business school but also to thrive during and after their programs.” To further support informed decision-making, Ascent created a proprietary Grad School Funding Calculator that helps graduate students estimate their total cost of attendance, assess federal loan limits under current policy, and identify any potential funding gap between available federal aid and program costs. By clarifying where gaps may exist, the tool gives students a clearer picture of the financing they may need beyond federal loans and other resources. For more information, visit Ascentfunding.com/GMAC. *All Ascent Funding, LLC loans are originated by Ascent’s FDIC-member bank partners. All benefits, rates, and repayment features are subject to eligibility, credit approval, and loan terms, and may vary. 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.  About GMAC GMAC is a global nonprofit association of leading graduate business schools committed to connecting future business leaders with educational opportunities and advancing graduate management education worldwide. Through assessments, research, events, and recruitment solutions, GMAC provides the tools and information necessary for schools and candidates to discover and evaluate each other. With teams in China, India, the United Kingdom, and the United States, GMAC serves millions of visitors each year across its digital platforms. MEDIA [email protected]@wearecsg.com 

Higher education is amid a major transformation, as well as how students pay for that education.   Drawing on proprietary data from Ascent Funding, a student‑loan lender known for outcomes‑based lending, and leading third‑party research, this report examines how today’s students make financial decisions, what drives their stress, and how they use scholarships, grants, and digital tools to plan for graduation.  Financial Confidence Remains Limited:    For many students, college isn’t just an academic challenge; it’s their first major financial one. Between managing tuition, rent, and daily expenses, students are being asked to make high-stakes decisions for the first time, often without the financial literacy or guidance to support them. This uncertainty affects everything from the schools they choose to the confidence with which they step into their careers. Students don’t just need funding; they need a financial playbook.  According to Ascent survey data, only 26.5% of students feel very confident managing their personal finances.  In that same dataset, 1 in 3 say financial concerns have a major influence on their academic or career decisions. 31% say better access to scholarship tools and guidance would help build financial confidence.  Students are signaling a clear need: education about money and everyday finances is just as important as education funded by it.  Paying for Tuition Is the Top Concern:   The cost of a degree continues to define, and often limit, students’ choices. With tuition rising faster than wages, students are getting increasingly resourceful, combining grants, scholarships, and side hustles to make it all work. But despite their creativity, the numbers make one thing clear: paying for college remains a heavy emotional and financial lift.  In an analysis of more than 24,500 student responses submitted through Ascent’s Summer Scholarship program from May to September 2025, nearly half (49.2%) reported that tuition and fees are their primary financial concern.  In that same dataset, 25.9% cite finding enough scholarship or aid as their next biggest challenge, and 47% rely primarily on scholarships or grants to fund their education or manage debt.  However, these funds are often limited, making it difficult for many students to cover their costs fully. In fact, just 0.1% of students receive full-tuition awards, according to Bold.org, which aggregates national data on scholarship awards across the U.S.   In short, while the dream of higher education remains strong, the price tag attached to it continues to be students’ biggest barrier, both financially and emotionally.  First-Generation Students Face Higher Financial Stress:   For first-generation students, the path to college often represents a family milestone, but also a heavier financial burden. Without the safety net of experience or inherited guidance, they’re navigating a system designed for those who already know the rules. Even with more grant support, many first-gen students still turn to loans and credit cards to bridge the gap.  In Trellis’ 2023 Student Financial Wellness Survey, 38% of respondents identified as first-generation students (n=19,634). This includes 41% at two-year institutions and 35% at four-year institutions.  68% worry about paying for school, and 24% are unsure how they’ll afford their next semester.  They’re more likely to receive grants (66% vs. 48%), but also more likely to take out loans (40% vs. 33%) or use credit cards for college costs (35% vs. 28%).  The data highlight a persistent challenge: even with more grant support, first-generation students are still taking on more debt than their peers, reflecting the additional hurdles they face when navigating college finances without a family safety net.  Student Interest in Financial Wellness Is Strong  Students are craving clarity as they navigate increasingly complex financial decisions, and the data shows they are actively seeking it.   “Students aren’t just looking for funding, they’re looking for guidance. The demand for financial education shows they’re treating money as an active part of their academic strategy, weighing how borrowing, spending, and earning decisions today will influence their independence and future opportunities,” said Allie Danziger, CMO of Ascent.   Two‑thirds of Gen Z college students say they want to learn more about personal finance topics, signaling strong demand for financial education as students navigate increasingly complex financial decisions, according to CFB Board's report on college students and their personal finances.    83% of college students agree that financial well‑being is important to their overall happiness, with many viewing money as a path to independence (61%) and long‑term goals (60%). At the same time, 40% identify money as a source of stress and anxiety, according to the same report.  To support these students, tools like Ascent’s Cost of College Calculator provide concrete ways to assess borrowing decisions alongside potential outcomes, helping students translate financial insight into smarter choices. Taken together, these findings suggest that financial wellness is shaping how students plan, prioritize, and make decisions during college, and it will influence their confidence and choices long after graduation.  Loan Requests Are Increasing, With Popular Majors Emerging:   With college costs on the rise, student loan borrowing continues to increase. The story isn’t just about borrowing more, it’s about borrowing with purpose. Students are increasingly pursuing majors that align with stable, career-driven fields, signaling a pragmatic shift toward education as an investment in employability.  According to Ascent’s proprietary data, the top five majors among approved borrowers are Nursing, Business, Biology, Psychology, and Mechanical Engineering.  Students are making strategic choices and leaning into fields that promise stability, skill demand, and a clearer return on their educational investment.  To support these students, tools like Ascent’s College Degree ROI Calculator aims to bring transparency to the college decision journey by helping students and parents evaluate the return of their college investment. Conclusion: The Path Forward  As the cost and complexity of higher education continue to rise, one thing is clear: today’s students are more resourceful, informed, and determined than ever. They’re seeking smarter, more sustainable ways to fund their education by leveraging digital tools, exploring scholarships, and redefining what financial wellness looks like.  Looking ahead, the next era of student finance will be defined by personalization and empowerment. Students want guidance that’s as dynamic as their goals. This means giving them real-time insights, proactive support, and funding models that evolve with their needs. The institutions, lenders, and leaders that step up to meet them with transparency, technology, and trust will not only help them reach graduation but also set the foundation for lifelong financial wellness and success.  Methodology  Insights from Ascent’s Summer Scholarship program are based on more than 24,500 student submissions collected between May 15 and September 15, 2025. As part of the scholarship submission process, students provided self‑reported information related to their financial concerns and educational experiences. For the purposes of this report, responses were aggregated and analyzed at the group level to identify common themes and trends. Findings are intended to reflect student sentiment and directional insights, rather than establish causation.   Trellis’ 2023 Student Financial Wellness Survey included 62,367 undergraduate respondents from 142 U.S. institutions, with 19,634 self-identified first-generation students. Students were invited via institution-provided contact lists, with larger schools randomly sampling students and smaller schools inviting all eligible students. Responses were weighted by demographics (gender, age, enrollment intensity) to account for potential nonresponse bias. Analyses report descriptive statistics and subgroup comparisons, and all figures cited above are directly from Trellis Strategies’ SFWS.  CFP Board collaborated with College Pulse to conduct a survey of undergraduate college students across the U.S. College Pulse selected its survey sample from its American College Student Panel™, which includes over one million verified students representing more than 1,500 colleges and universities in all 50 states.The firm received responses from 2,025 college students between September and October 2025. The data are weighted based on gender, race and ethnicity, voter registration, financial aid status, and class year. The data presented in this report has a margin of error of +/- 2.2% at a 95% confidence level. The survey data serve as the basis for this report. CFP Board’s Research team conducted the analysis, drew the conclusions and is responsible for the report’s content.  Select insights in this report are informed by Ascent’s proprietary data, including anonymized, aggregated survey responses and loan application activity. Student confidence, financial stress, and decision‑making insights are drawn from self‑reported survey data collected through Ascent‑administered programs, with sample sizes noted where available. Borrowing trends and academic preferences reflect approved borrower data collected between July and August 2025, including declared majors at the time of application. All Ascent data are analyzed in aggregate and do not include personally identifiable information. Findings are intended to highlight directional trends and student sentiment rather than establish causation. 

 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. 

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.