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College Loans

School loans for your bright future.

Explore Ascent’s award-winning undergraduate and graduate students loans.

Find your best student loan option in minutes - NO application fees.

See My Rates Check your rate without impacting your credit score.

We're honored to be recognized as the best private student loan for 2021.

College loans designed with you in mind.

Ascent helps you cover up to 100% of your cost of attendance and other school-related expenses (up to $200,000*) at over 2,200 colleges nationwide by offering undergraduate and graduate loans for students.

*The final amount approved depends on the borrower’s credit history, verifiable cost of attendance, and is subject to credit approval and verification of application information.
Astronauts

Cosigned

Credit-Based Loan

For students with a creditworthy cosigner (For U.S. citizens, DACA & international students)

Variable* APR 2.14% - 10.36%
Fixed* APR 3.61% - 12.00%
Astronaut

Non-Cosigned

Credit-Based Loan

For students that qualify based on income & credit (Must be a U.S. citizen or permanent resident)

Variable* APR 3.86% - 10.36%
Fixed* APR 5.45% - 12.00%
Astronaut

Non-Cosigned

Future Income-Based Loan

For juniors and seniors – see eligibility requirements.

Variable* APR 8.94% - 12.94%
Fixed* APR 10.27% - 14.50%
Learn more ›

Graduate students have the option to apply for loans for Business School (MBA), Dental School (DMD, DDS), Law School (JD, LLM), Medical School (MD, DO, DVM, VMD, DPM), and General Graduate School (Health Professionals, Nursing, Pharmacy, MA, MS, PhD)

Astronauts

Cosigned

Credit-Based Loan

For students with a creditworthy cosigner (For U.S. citizens, DACA & international students)

Variable* APR 2.17% - 11.87%
Fixed* APR 3.68% - 13.50%
Astronaut

Non-Cosigned

Credit-Based Loan

For students that qualify based on income & credit (Must be a U.S. citizen or permanent resident)

Variable* APR 2.17% - 11.87%
Fixed* APR 3.68% - 13.50%
Learn more ›

How it works

4 simple steps - NO application fees.

Check your pre-qualified rates without impacting your credit score.

  1. See your pre-qualified rates
  2. Customize your loan on your terms
  3. Upload your documents
  4. We fund the loan to your school
College loan rates College repayment terms College application upload College loan disbursement letter

Why choose an Ascent loan?

Ascent provides more opportunities for you and your family to apply for student loans with a cosigner or student loans without a cosigner, as well as these additional benefits:

Fixed or variable rates, voted lowest interest rates for 2021 by Forbes Advisor.

New 7 and 12-year repayment terms in addition to 5, 10, 15 and 20-year terms (depending on the loan you choose). See repayment examples >>

Start payments up to 9 months after graduation and if you need to make lower payments after graduation, consider our Progressive Repayment option.

Apply for Ascent’s Non-Cosigned Future Income-Based Loans (for eligible juniors and seniors), or apply to release your cosigner after 24 consecutive on-time payments and meeting other criteria.

2.00% automatic debit discount for Ascent’s Non-Cosigned Future Income-Based Loans (all credit-based loans are eligible for a 0.25% discount). Discount Terms & Conditions >>

4-step application with an initial soft credit check so you can check your pre-qualified rates in minutes without impacting your credit score.

No application, origination, or disbursement fees AND there’s no penalty if you pay off your loan early.

1% Cash Back Reward upon graduation.

Ascent offers additional resources beyond a student loan to help you thrive throughout college and beyond.

Check your rate without impacting your credit score.
Get Started Check your rate without impacting your credit score.

What are the benefits of college loans?

Choosing private student loans for college allows you to:

  • Get the money you need to pay for college when federal loans aren’t enough.

  • Build credit for your future by making consecutive on-time payments.

  • Choose affordable variable or fixed interest rates.

  • Learn valuable financial wellness tips.

How else can Ascent help you and your family?

College student loans should expand your possibilities, not limit them. That’s why Ascent offers even more ways for you to earn money throughout the year, even if you don’t have a loan with us.

What are others saying about Ascent?

Tips & tools for financial success

To help you borrow responsibly, we incorporate financial wellness into our student loan application process and give you exclusive access to tips and resources to prepare you for financial success in college and after graduation.

Have questions about student loans?

We have answers.

Ascent Funding is an award-winning company, committed to revolutionizing how students pay for higher education at colleges and coding bootcamps. Ascent was named Best Private Student Loan for 2021 by Forbes Advisor, NerdWallet, and Money.com. Ascent empowers students from all economic backgrounds and disciplines (including DACA students). To set students up for success, we incorporate financial wellness into our application process (the ONLY student loan company) and offer exclusive benefits for students like the opportunity to qualify for a loan without a cosigner (for juniors and seniors), 1% cash back, no fees, and over $70,000 in scholarships awarded every year.

Students from all majors at every grade level that are attending an eligible institution can apply for an Ascent loan.

Ascent’s credit decisioning criteria is proprietary and subject to change, but you can check what rates you pre-qualify for in just four (4) steps without impacting your credit score. We consider credit history and several other factors including, but not limited to, credit score.

Cosigned Credit-Based Loan for undergraduate and graduate students:

  • Student borrowers must have a minimum credit score. The minimum score required is subject to change and may depend on the credit score of your cosigner.
  • Cosigners must have a minimum credit score. The minimum score required is subject to change and may depend on the credit score of your borrower.

 
Non-Cosigned Credit-Based Loan for undergraduate and graduate students:

  • Student borrowers must have more than two (2) years of credit history with a minimum credit score.

 
Non-Cosigned Future Income-Based Loan for undergraduate (juniors and seniors ONLY):
Eligible student borrowers with no credit score, or eligible students that meet a minimum credit score with or without two (2) years of credit history. (See Non-Cosigned Future Income-Based Loan eligibility requirements.)

Yes. A student who is not a U.S. citizen or U.S. permanent resident or has Deferred Action for Childhood Arrival (DACA) status may apply with a creditworthy cosigner who is a U.S. citizen or U.S. permanent resident.

 

Non-U.S. citizens are required to upload the following documentation to verify identity as applicable to your individual resident status:

 

  1. U.S. Permanent Resident Aliens: Permanent Resident Card (USCIS form I‐551); or

 

  1. Non-Permanent Resident Aliens (temporary residents): Valid visa – acceptable forms: F-1; J-1, M-1; E-1; H-1; L-1; G series; TN-1; TN-2; OR I-20 Form (pages 1 & 2 signed) AND Unexpired Passport from country of origin; and,

 

In addition to 1. or 2. above, applicants must upload the following:

  1. Unexpired foreign passport; and
  2. A copy of government issued document or identification that includes your national identification number. NOTE – For countries that include the national identification number on the passport, confirmation therein is sufficient.
  3. DACA status: Documentation from the U.S. Department of Homeland Security / U.S. Citizenship and Immigration Services (USCIS) that indicates DACA status that does not expire before the end of the enrollment period for which the loan is being requested.

 

NOTE: The option to apply to release the cosigner after making the first twenty-four (24) consecutive, regularly scheduled full principal and interest payments on-time is only available to student borrowers that are U.S. citizens or have U.S. permanent resident status and is not available to DACA students. (See FAQ, “Can I eventually remove the cosigner from my loan?”)

Students enrolled full-time or at least half-time at an eligible institution may qualify. Certain limitations may apply for such applicants that apply without a cosigner.

The maximum loan amount for Ascent loans is limited to the total cost of attendance for a period not to exceed one full academic year, less any financial aid, as certified by your school. Note: Your maximum loan amount may be less than the amount requested on your application due to school certification or other underwriting factors.

  • Minimum: $2,001
  • Maximum: $200,000 (aggregate total)
  • Maximum for academic year:
    • $200,000 for Undergraduate and Graduate Credit-Based Loans
    • $20,000 for Undergraduate Non-Cosigned Future Income-Based Loans

Your interest rate on the loan is the cost you pay to borrow the money. Your monthly payment is based on the interest rate for your total loan balance. You can choose between a fixed rate or a variable rate.

A fixed rate means your interest rate will not increase or decrease while you are making monthly payments until your loan is paid in full. It will stay the same for the life of the loan.

A variable rate means your actual interest rate could be lower or higher during your loan term than the rate you are given while completing the loan application.

Choosing a fixed rate versus a variable rate is entirely up to you but be sure to do your research beforehand on what will be best fit for your journey to financial wellness.

Ascent Funding’s loan process is broken out into 4 easy steps:

Step 1: Submit your application and receive a preliminary decision.

Step 2: If pre-qualified, accept your offer and choose a repayment plan.

Step 3: Complete your tasks and upload your required documents to the Ascent Portal (1-2 business days for review).

Step 4: Your loan is sent to your school for certification/validation.

With federal student loans, you borrow money directly from the Department of Education. To apply for a federal student loan, you need to complete the Free Application for Federal Student Aid (FAFSA) application by visiting: https://studentaid.gov/apply-for-aid/fafsa/filling-out.

 

Private student loans help fill the gap between your college expenses, including books, school supplies, rent, groceries, parking, gas, and anything else not covered by FAFSA or scholarships. Ascent offers flexible options to help you manage your monthly payments as you enter repayment.