College Loans
Cosigner release option
Build credit in your own name and apply to release your cosigner after making 12 consecutive, full principal and interest payments on-time or an equivalent prepayment amount and meeting other eligibility criteria.
Flexible payment options
Choose from affordable fixed or variable rates, customize your repayment terms, and pay off your student loan with a cosigner early and without penalties.
Benefits that put you first
Cover up to 100% of your attendance costs. Plus, you can get 1% cash back and a discount if you set up automatic payments.
You’ve already put a lot of work into preparing for college.
We ask you to provide important information such as your name, address, date of birth, the school you’re applying to, and employment information. If you’re applying with a cosigner, they’ll also enter their information.
Once your completed loan application is approved, you’ll be able to view your repayment options and select the loan terms that work best for you.
After you choose your loan terms, your Ascent portal will be populated with tasks to complete. These tasks include a financial wellness quiz and providing us with any additional information we need to prepare your loan.
When your portal tasks are complete, we send your loan for school certification. Once certified, we’ll disburse your loan directly to your school.
See your rates today without impacting your credit score.
Apply NowYou can apply to release your cosigner after making twelve (12) consecutive, full principal and interest payments on-time or an equivalent prepayment amount while also meeting the other eligibility criteria to qualify including, but not limited to meeting certain minimum credit and income requirements and completing a cosigner release application. See full eligibility criteria requirements at AscentFunding.com/BorrowerBenefits. With Ascent loans, you can request to release your cosigner directly with Launch Servicing or the loan holder.
Note: The option to apply to release the cosigner is only available to student borrowers who are a U.S. citizen, U.S. permanent resident, or have a Deferred Action for Childhood Arrival (DACA) status and is not available to students who are not U.S. citizens or U.S. permanent residents.
Choosing a private student loan with a cosigner may offer benefits when payments are made on time, including:
Even if you have a cosigner, you can apply to release your cosigner after making twelve (12) consecutive full principal and interest payments on-time or an equivalent prepayment amount while also meeting the other eligibility criteria.
A cosigner agrees to become legally responsible to make your student loan payments if, for whatever reason, you are unable to in the future, so it’s important to choose someone who is reliable and meets the eligibility requirements.
Here are a few common types of cosigners:
A cosigner agrees to take equal responsibility for the college loan. This means that if the student borrower is not able to make the payments, the cosigner is still legally obligated to pay the loan. Either party can make the required monthly payments.
A cosigner must meet the following requirements:
Note: The option to apply to release the cosigner is only available to student borrowers who are a U.S. citizens, U.S. permanent resident, or have a Deferred Action Childhood Arrival (DACA) status and is not available to students who are not a U.S. citizen or U.S. permanent resident.
Cosigned Credit-Based Loan
Ascent offers credit-based private student loans with a cosigner at competitive rates.
*Rates displayed above are effective as of 12/01/2023 and reflect an Automatic Payment Discount of 0.25% (for Credit-Based Loans). For more information, see repayment examples and review the Automatic Payment Discount 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 APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores.
*The minimum loan amount is $2,001 except for the state of Massachusetts. Minimum loan amount for borrowers with a Massachusetts permanent address is $6,001.
Don't lose your financial freedom before you have the chance to earn it! To help you borrow responsibly, we incorporate financial wellness into our application process and give you exclusive access to tools and content to help you get set for greater financial success.
Financial Wellness TipsFrom your first application for a private student loan with a cosigner to your final payment, we’re committed to helping you every step of the way. Our 100% U.S.-based Customer Service Team is here for you.
Note: The option to apply to release the cosigner is only available to student borrowers who are U.S. citizens or have U.S. permanent resident status or DACA students and is not available to students who are not a U.S. citizen or U.S. permanent resident.
Cosigned Credit-Based Loan
Grace G.
Simmons College
Anjellica C.
Northern Arizona University
Rnajee M.
Mississippi State University
Every year, Ascent awards over $80,000 in scholarships for college and bootcamp students.