The Migration Policy Institute (MPI) estimates that over 1.3 million U.S. residents are currently eligible to participate in the Deferred Action for Childhood Arrivals program (DACA). As the cost to pay for college continues to rise, for many DACA-eligible students, going to college may seem out of reach.
One common challenge is that undocumented students, including DACA students, are not eligible for federal student aid. On top of this, many states don’t allow DACA students to claim in-state tuition, and while there are scholarships specific for DACA students, they may be harder to come by.
Fortunately, Ascent offers scholarships and student loans for undergraduate and graduate DACA students.
DACA students are eligible to apply as a solo borrower or as a borrower with a qualified cosigner.
Ascent helps you cover up to 100% of your cost of attendance and other school-related expenses (up to $200,000 for undergraduate loans and $400,000 for graduate loans*) at over 2,200 colleges nationwide by offering DACA student loans for undergraduate and graduate students.
*The final amount approved depends on the borrower’s year in school, credit history, certified cost of attendance by an eligible school, and is subject to credit approval and verification of application information
*Rates displayed above are effective as of 12/01/2023 and reflect an Automatic Payment Discount of 0.25% for credit-based loans and a 1.00% discount on outcomes-based loans when you enroll in automatic payments. 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 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.
You’ve already put a lot of work into preparing for school.
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.
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Ascent provides more opportunities for students and their families to qualify for student loans with a cosigner or student loans without a cosigner, as well as these additional benefits:
One of the most common loans for DACA students are private student loans.
Private loans for DACA students can be secured from certain banks and private lenders. Not all lenders provide loans for DACA students like Ascent. Our mission is to empower underserved students from all backgrounds to take control of their education, including providing more opportunities to qualify for a loan.
- Forbes Advisor
Best Private Student Loan 2021
Editor’s Choice™ Award 2021
Northern Arizona University
Mississippi State University