Private Student Loan Advice & College Financing Resources

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. 

SAN DIEGO, Sept. 11, 2024 /PRNewswire/ -- Ascent, a leading provider of innovative financial products and student support services, enabling students to access education and drive durable economic mobility, is proud to announce the closing of its second public securitization, and its first securitization of career education consumer loans. Ascent's career loans provide funding to students attending skills training programs with high return on investment of their education, including coding, automotive, cybersecurity and other trade skills. The issuance included three classes of fixed-rate notes: Class A, Class B, and Class C, all of which were rated by Morningstar DBRS. Atlas SP acted as structuring agent and Atlas SP and Cantor Fitzgerald acted as bookrunners for the deal. This comes on the heels of the student success company's first public securitization of college loans in a $287 million offering.   With an estimated 57% of high school graduates never enrolling in college and 44 million students attending but not graduating college, Ascent's career loans provide a much-needed alternative, empowering adult learners to attend high ROI programs that drive economic mobility. These learners can benefit from faster program completion and lower tuition due to shorter programs. To date, Ascent has provided $450 million to over 42,000 skills training students, enabling these learners to increase incomes and improve the FICO score of 98% of its borrowers. "At Ascent, we are passionate about developing innovative products that make entry into the workforce a reality for as many adult learners as possible," said Ken Ruggiero, co-founder and CEO of Ascent. "After our first successful public securitization, I'm proud to have completed our first-ever securitization of career education consumer loans which will help us continue to offer affordable financing to learners and enable growth with more training providers." "We were able to attract several new investors which allowed us to create this new ABS asset class." said Ryan Gray, Chief Financial Officer and Chief Operating Officer of Ascent. "This securitization is transformative to our platform as we continue to provide access for adult learners to pursue skills training for high demand jobs at lower costs. Ascent is committed to building durable economic mobility for its students. The company is more than a student lender, focused on helping students plan, pay and succeed before, during and after school, remaining steadfast in its goal of improving the income of its borrowers by $10 billion dollars in five years. View the 2023 impact report here. ABOUT ASCENTAscent 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. 

Denver, CO (May 29, 2024) — Denver-based trade school The Master’s Apprentice today announced a partnership with the Colorado Pay It Forward Fund, a job training initiative designed to help more Coloradans enter in-demand careers. Through this partnership, qualifying Master’s Apprentice students can access zero-interest loans to help them pay for living expenses as they complete the program’s hands-on, six-week training.   Though The Master’s Apprentice is no-cost for students, many are unable to leave full-time work to enroll in the program. These living expense loans address financial challenges so students can focus on training. All loan repayments are recycled into the Fund to support future learners. The loans are originated by Ascent Funding, a leader in outcomes-based lending and student success.   “Our program provides transformative instruction and leads participants to well-paying careers in the skilled trades, if they can commit to six weeks of training,” said Scott Flores, Chief Operating Officer of The Master’s Apprentice. “This partnership provides a bridge over financial barriers for students, making it possible for more people to make that commitment and begin the next chapter of their lives.”  “We’re excited to be leading the Colorado Pay It Forward Fund’s investment in The Master’s Apprentice,” said Andrew Chen, Vice President of Impact Investments at Social Finance. “The Master’s Apprentice has a track record of successfully placing graduates in trades apprenticeships and entry-level construction jobs, helping them access economic mobility. The program is also building a pipeline of more diverse, skilled talent for local employers. It’s a win-win.”   Founded in 2013, The Master’s Apprentice is a pre-apprenticeship program that prepares workers for in-demand careers in a variety of trades, including carpentry, electrical, plumbing, and heating, ventilation, & air conditioning (HVAC). In addition to hands-on learning in workshops, participants receive instruction in financial literacy, construction math, and other soft skills to prepare them for success in the job market. The program serves students from diverse backgrounds, including young learners (ages 18-36) and those who were previously incarcerated. Over 80% of Master’s Apprentice graduates land industry jobs after training, earning starting wages that are on average $8,000 higher than their previous salaries. Eden, a single mother with some prior training in the trades, struggled to land a job in the industry. She enrolled in The Master’s Apprentice after learning that their intensive program would help broaden her skills. The zero-interest loan, which she used to cover rent, kept her afloat during training.  Before she even graduated, Eden received multiple job offers. She accepted a position as a Cabinet and Furniture Restoration Technician at Furniture Medic, as the role provided a pathway into a career she is passionate about. Today, she makes double what she was earning previously in her retail job.  “Enrolling in The Master’s Apprentice was the best thing I could have done. It not only gave me the skills I needed to start a new career, but it provided me with a loan that allowed me to focus on my training without worrying about how I would pay my rent,” said Eden. “Now I have a job that I’m passionate about. I’m not just making ends meet, I’m building a future for myself and my daughters.”   The Colorado Pay It Forward Fund is an initiative of national nonprofit Social Finance and five Colorado foundations, including Colorado Gives Foundation, The Colorado Health Foundation, Gary Community Ventures, Walton Family Foundation, and other local donors. The Fund aims to strengthen the workforce development ecosystem in Colorado by providing low-or-no interest loans to learners, training providers, and employers to train more workers for the state’s most in-demand jobs.   Students interested in enrolling in training with The Master’s Apprentice can apply here. Enrollment is currently opening for training starting on June 24. More information about the Colorado Pay It Forward Program is available at socialfinance.org/Colorado.   ###  About Social Finance   Social Finance (SF Advisors, LLC) is a national nonprofit and registered investment advisor. We work with the public, private, and social sectors to create partnerships and investments that measurably improve lives. Our Impact Investment team designs, launches, and manages impact-first investments. Our Advisory team partners with government and philanthropy leaders to implement data-driven programs for social impact. And through the Social Finance Institute, we aim to build the field and change systems through actionable research, communities of practice, and educational outreach. Since our founding in 2011, we have mobilized more than $350 million in new investments designed to help people and communities realize improved outcomes in workforce and economic mobility, health, and housing. Learn more at socialfinance.org.        About Ascent Ascent is the 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 with the best-in-class teams and technology 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. 

AscentUP and Riipen Partner to Launch Paid Internship Program, Exclusive to Ascent Borrowers    SAN DIEGO, May 2, 2024 – Ascent is proud to unveil the AscentUP Internship Program, in partnership with AscentUP and Riipen to offer its borrowers exclusive access to paid remote internships, as well as invaluable professional development training and one-on-one career coaching. Funding for the inaugural cohort was provided, in part, by a grant from Goal Beyond, a 501c3 non-profit organization with a shared mission to empower learners with practical experience and the robust skills essential for thriving in today's dynamic workforce.    The AscentUP Internship Program is designed to bridge the education-to-employment skills gap and equip students and recent graduates with the skills, confidence and experience necessary to succeed in today’s competitive job market. While internships have been proven to be extremely beneficial in securing experience and future employment, the top reason for not having an internship is difficulty in obtaining one (Gallup, 2023).  Through a comprehensive curriculum consisting of custom-developed career readiness micro-courses and personalized coaching sessions, followed by a connection to project-based internships, participants will gain enhanced resume credentials, access to paid internships and increased employability prospects.    "Cultivating career pathways and driving durable economic mobility for our borrowers has always been at the core of our mission,” said Co-Founder and CEO of Ascent, Ken Ruggiero. “By partnering with Riipen to launch the AscentUP Internship Program, we're not just offering internships; we're opening doors to invaluable opportunities that can shape their futures. The first internship is often the most elusive yet crucial step in launching a successful career and we believe that by providing this access, we're not only helping individuals gain immediate skills and experiences, but also laying down a foundation for long-term financial success."    The AscentUP Internship Program addresses the following areas:  Professional development opportunities: Participants receive training, coaching, and hands-on experience to cultivate essential skills and confidence for future career endeavors.  Access to vetted talent: Employers gain access to a pool of skilled individuals actively seeking practical experience, reducing recruitment costs and bringing fresh perspectives from emerging talent, driving business innovation and growth.    “This program aligns perfectly with Riipen's mission of empowering students with real-world work based learning experiences and augments this with proven career readiness training from AscentUP, said CEO of Riipen, Dana Stephenson. “Through this collaboration, students will gain access to the tools and skills they need to excel in today's competitive job market, setting them up for success in internships and projects available on the Riipen marketplace. We believe that this partnership will not only bridge the gap between education and employment but also pave the way for students to thrive in their future careers."    In this partnership, AscentUP will pilot the integration of its training platform with Riipen’s experiential learning marketplace, with a focus on tracking participant outcomes and income generation. By combining career readiness coaching with experiential learning, the program aims to achieve higher outcomes for our borrowers and help Ascent reach its goal of increasing income for its borrowers by $10 billion in the next five years.  About Ascent:  Ascent is the leading provider of innovative financial products and student support services that enable more students to access education and achieve academic and economic success. Everything Ascent offers is designed with the best-in-class teams and technology to increase every student's ability to plan, pay, and succeed. For more information, visit www.ascentfunding.com.        About AscentUP:  AscentUP is dedicated to bridging the education-to-employment gap and empowering students to achieve their full potential in the workforce. Through comprehensive training, coaching, and experiential learning opportunities, AscentUP aims to equip students with the skills and confidence needed for career success. For more information, visit AscentUP.com.     About Riipen:  Riipen is a leading experiential learning platform that connects students with real-world projects from industry partners. By facilitating meaningful collaborations between students and employers, Riipen aims to bridge the gap between education and employment while driving innovation in the workforce. For more information, visit Riipen.com  About Goal Beyond:  Goal Beyond is a non-profit organization, founded in 2021 and based in San Diego, CA, with a mission to create the ecosystem enabling all learners to access a quality education and employers to source talent in a rapidly evolving labor market. Our strategy focuses on four core themes to empower learners along the entire continuum of their academic and professional paths to unlock durable economic mobility. For more information, visit www.goalbeyond.org  For media inquiries, please contact:  Jessica Schwartz, Social Impact  [email protected]  877-216-0876 

Students, including those with DACA status, attending accelerated learning programs can apply for Ascent's Outcomes Loan to cover their school costs.

This summer, Ascent is ready to help even more students pay for the upcoming school year, which includes making record-breaking enhancements and launching competitive rates.

Ascent’s CEO & Chairman, Ken Ruggiero, recently sat down with Dustin Ramsdell at The Higher Ed Geek Podcast to talk about the rising cost of college today.

Ascent has done it again!

Ascent's CEO, Ken Ruggiero, shared his thoughts on the past year and what he's looking forward to in 2021 - including advice for students. Check it out here.

Ascent is dedicated to helping students and their families pay for college, as well as cultivate a strong company culture with new awards.

Ascent announced the launch of a new financial wellness assessment to educate students and parents on how to take out a student loan and pay for college.