Career Loan
Transform your future with Ascent’s Career and Professional Training Loan.
Launch into your next career
Ascent’s Career and Professional Training Loan is a consumer loan for students attending eligible professional training and certification programs at select schools.
Once you are accepted into your program of choice, you can preview your loan options upfront and find the right loan option for your needs. Whether you want to pay your loan off as fast as possible, pay nothing while you’re studying and for 3 months after or you need funds for cost of living while you study, we offer flexible loan options tailored to your needs.
Our simple loan platform allows you to quickly apply for your loan, and you’ll know right away if you have been credit approved. If you are not approved, you could be given the opportunity to add a co-signer to strengthen your application.
Once you sign your final loan documents, you’re all set! We update your school and we send tuition directly to your school.
You get a monthly repayment plan with low payments, fixed rates, and no prepayment penalties. With Ascent’s Career and Professional Training Loan, you can also receive a 0.25% discount by enrolling in automatic payments.
View your loan options and repayment examples.
You’ll make monthly payments until your loan is fully repaid, and we’re happy to say there’s no prepayment penalty or fee for early payments on Ascent loans. You can choose to pay the minimum monthly payment, or you can make larger payments. You have the flexibility to pay off your loan anytime before your loan term ends.
Ascent offers several repayment options.
Launch is the loan servicer for Ascent’s loans. This means Launch will collect your monthly payments during the repayment phase of your loan. You can contact Launch by visiting Launch online or calling them at 877-354-2629.
Full repayment for 60 months post-school. The examples below assume the student is financing $10,000 with an Ascent Career and Professional Training Loan.
60-Month Term | High/Low | Borrowed Amount | Interest Rate | Monthly In-School & Grace Payment | Monthly Post-School Payment | Total Lifetime Cost of Loan | Annual Percentage Rate |
---|---|---|---|---|---|---|---|
Immediate Repayment |
Low
High
|
$10,000
$10,000
|
10.99%
14.75%
|
$228.24
$248.42
|
$228.24
$248.42
|
$13,694.58
$14,905.11
|
13.139%
16.980%
|
Interest-Only Repayment* |
Low
High
|
$10,000
$10,000
|
10.99%
14.75%
|
$96.16
$129.06
|
$228.24
$248.42
|
$18,598.87
$21,487.30
|
12.009%
15.887%
|
Deferred Repayment* |
Low
High
|
$10,000
$10,000
|
11.25%
15.00%
|
$0
$0
|
$339.39
$409.04
|
$20,363.25
$24,542.29
|
10.692%
13.574%
|
*These sample estimates assume a 48-month In School Period plus a 3-month Grace Period prior to entering a full Principal and Interest repayment term
Full repayment for 84 months post-school. The examples below assume the student is financing $10,000 with an Ascent Career and Professional Training Loan.
84-Month Term | High/Low | Borrowed Amount | Interest Rate | Monthly In-School & Grace Payment | Monthly Post-School Payment | Total Lifetime Cost of Loan | Annual Percentage Rate |
---|---|---|---|---|---|---|---|
Immediate Repayment |
Low
High
|
$10,000
$10,000
|
11.50%
15.25%
|
$182.56
$204.09
|
$182.56
$204.09
|
$15,334.86
$17,143.68
|
13.117%
16.954%
|
Interest-Only Repayment* |
Low
High
|
$10,000
$10,000
|
11.50%
15.25%
|
$100.63
$133.44
|
$182.56
$204.09
|
$20,466.73
$23,949.00
|
12.442%
16.314%
|
Deferred Repayment* |
Low
High
|
$10,000
$10,000
|
11.75%
15.50%
|
$0.00
$0.00
|
$275.81
$340.99
|
$23,168.00
$28,643.46
|
11.156%
14.099%
|
*These sample estimates assume a 48-month In School Period plus a 3-month Grace Period prior to entering a full Principal and Interest repayment term
Full repayment for 120 months post-school. The examples below assume the student is financing $10,000 with an Ascent Career and Professional Training Loan.
120-Month Term | High/Low | Borrowed Amount | Interest Rate | Monthly In-School & Grace Payment | Monthly Post-School Payment | Total Lifetime Cost of Loan | Annual Percentage Rate |
---|---|---|---|---|---|---|---|
Immediate Repayment |
Low
High
|
$10,000
$10,000
|
12.00%
15.75%
|
$150.64
$174.26
|
$150.64
$174.26
|
$18,077.34
$20,910.77
|
13.226%
17.072%
|
Interest-Only Repayment* |
Low
High
|
$10,000
$10,000
|
12.00%
15.75%
|
$105.00
$137.81
|
$150.64
$174.26
|
$23,432.34
$27,939.21
|
12.859%
16.738%
|
Deferred Repayment* |
Low
High
|
$10,000
$10,000
|
12.25%
15.99%
|
$0.00
$0.00
|
$231.39
$295.31
|
$27,766.47
$35,437.02
|
11.642%
14.638%
|
*These sample estimates assume a 48-month In School Period plus a 3-month Grace Period prior to entering a full Principal and Interest repayment term
Want to pay your loan off as fast as possible? We offer no repayment penalties. Want to lower your payments and pay nothing while you’re studying and during your job search? We offer deferred repayment.
We make sure there are no surprises when it comes to your loan. With our transparent loan terms, you can see the payment options for your program’s tuition and living expenses before you apply.
Depending upon your credit health, a cosigner might be required. Cosigners may strengthen your application’s overall credit health. In some scenarios, adding a cosigner may reduce your interest rate and lower your payments. If you’re concerned about your eligibility for an Ascent loan, consider adding a cosigner with strong credit health.
You can choose to add a cosigner before you submit your loan application, or may be given the option to add a cosigner after you apply.
If you’d like to add a cosigner when you apply, you can select this option in the application. If your cosigner is with you, they can start their portion of the application right away. If not, we’ll send them an email asking them to complete their part. Your cosigner’s portion of the application will look very similar to yours.
We’ll keep you and your cosigner updated on the status of your application throughout the process. You’ll receive an email or a notification in the application if you or your cosigner have any required steps to take.
With our loans, you can make early payments or fully pay off your loan at any time with no prepayment fees. Many of our borrowers graduate from their programs, land jobs, and pay off their loans early! This is a financially smart move because if you make early payments, you’ll accrue less interest over the lifetime of your loan. In summary – we don’t hold you to the total cost you see in your loan offers. If you make early payments, you can reduce the interest you accrue, which reduces your loan’s total cost!
If you are owed a refund by your school, Ascent will follow your school’s refund policies. Please refer to your school’s refund policies and student agreements.
Regarding your borrowed tuition funds:
Documentation requirements: The following are documentation will be required to verify your individual resident status:
A VISA that does not expire within 6-months of the end of the enrollment period for which the loan is being requested. with an acceptable category as follows: F-1, F-3, G Series, H-1B, H-1C, H-3, J-1, L-1, M-1, M-3, T-1, TN
OR
An I-20 Form (pages 1 & 2 and signed by the school) and an unexpired passport from the country of origin.