College Loans

Your Guide to Getting a DACA Student Loan

DACA students can apply for an Ascent loan with or without a cosigner. Check your pre-qualified rates in 4 simple steps – No application fees.

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Check your rate without impacting your credit score.

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

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.

Who is Eligible for a DACA student loan?

DACA students are eligible to apply as a solo borrower or as a borrower with a qualified cosigner.

  • For DACA status information, you can visit this site.
  • To verify your individual resident status, DACA students will need to provide documentation from the U.S. Department of Homeland Security / U.S. Citizenship and Immigration Services (USCIS) that indicates DACA status that does not expire within 6-months of the end of the enrollment period for which the loan is being requested
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Ascent’s loans for DACA students

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 DACA student loans for undergraduate and graduate students.
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Astronauts

Cosigned

Credit-Based Loans

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


1.85% – 9.60%


3.26% – 11.42%

  • Enrolled at least half-time
  • Must be a U.S. citizen or have Deferred Action for Childhood Arrival (DACA) status with an eligible cosigner who is a U.S. citizen or permanent resident
  • International students may apply with a creditworthy cosigner who is a U.S. citizen or permanent resident

  • 5, 7, 10, 12 or 15-Years

  • Deferred Repayment: Start payments up to 9 months after leaving school
  • In School Interest-Only Repayment
  • $25 Minimum Payment
Astronaut

Non-Cosigned

Credit-Based Loan

For students that qualify based on income & credit.


4.10% – 11.10%


5.62% – 12.93%

  • Enrolled full-time OR graduating within the next 9 months
  • Maintain GPA of 2.9+ AND meet your school’s satisfactory academic performance (SAP)
  • Must be a U.S. citizen or permanent resident or have Deferred Action for Childhood Arrival (DACA) status

  • 10 or 15-Years

  • Deferred Repayment: Start payments up to 9 months after leaving school.
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Non-Cosigned

Future Income-Based Loan

For students that qualify based on income & credit.


8.94% – 11.35%


10.27% – 12.46%

  • Enrolled at least half-time
  • Must be a U.S. citizen or permanent resident or have Deferred Action for Childhood Arrival (DACA) status
  • Must have at least 2 years of credit history and meet credit and income requirements

  • 5, 7, 10, 12 or 15-Years

  • Deferred Repayment: Start payments up to 9 months after leaving school
  • In School Interest-Only Repayment
  • $25 Minimum Payment
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MBA

Student Loans

For graduate students persuing their MBA with or without a cosigner.


1.87% – 11.10%


3.32% – 12.93%

  • Enrolled at least half-time
  • Must be a U.S. citizen or have Deferred Action for Childhood Arrival (DACA) status with or without an eligible cosigner who is a U.S. citizen or permanent resident
  • International students may apply with a creditworthy cosigner who is a U.S. citizen or permanent resident

  • 7, 10, 12 or 15-Years

  • Deferred Repayment: Start payments up to 9 months after leaving school
  • In School Interest-Only Repayment
  • $25 Minimum Payment

  • Postpone payments up to 9 months after graduation

  • Maximum in-school period is 36 months
medical symbol

Medical School

Student Loans

For graduate students persuing their MD, DO, DVM, VMD, or DPM with or without a cosigner.


1.83% – 11.10%


3.19% – 12.92%

  • Enrolled at least half-time
  • Must be a U.S. citizen or have Deferred Action for Childhood Arrival (DACA) status with or without a with a creditworthy cosigner who is a U.S. citizen or permanent resident
  • International students may apply with a creditworthy cosigner who is a U.S. citizen or permanent resident

  • 7, 10, 12, 15 or 20-Years

  • Deferred Repayment: Start payments up to 36 months after leaving school
  • In School Interest-Only Repayment
  • $25 Minimum Payment

  • Postpone payments up to 36 months after graduation

  • Maximum in-school period is 48 months
toothbrush and tooth

Dental School

Student Loans

For graduate students pursuing their DMD or DDS with or without a cosigner.


1.85% – 11.10%


3.27% – 12.93%

  • Enrolled at least half-time
  • Must be a U.S. citizen or have Deferred Action for Childhood Arrival (DACA) status with or without an eligible cosigner who is a U.S. citizen or permanent resident
  • International students may apply with a creditworthy cosigner who is a U.S. citizen or permanent resident

  • 7, 10, 12, 15 or 20-Years

  • Deferred Repayment: Start payments up to 12 months after leaving school
  • In School Interest-Only Repayment
  • $25 Minimum Payment

  • Postpone payments up to 12 months after graduation

  • Maximum in-school period is 48 months
judicial balance

Law School

Student Loans

For graduate students persuing their JD or LLM with or without a cosigner.


1.87% – 11.10%


3.32% – 12.93%

  • Enrolled at least half-time
  • Must be a U.S. citizen or have Deferred Action for Childhood Arrival (DACA) status with or without an eligible cosigner who is a U.S. citizen or permanent resident
  • International students may apply with a creditworthy cosigner who is a U.S. citizen or permanent resident

  • 7, 10, 12 or 15-Years

  • Deferred Repayment: Start payments up to 9 months after leaving school
  • In School Interest-Only Repayment
  • $25 Minimum Payment

  • Postpone payments up to 9 months after graduation

  • Maximum in-school period is 36 months

General Graduate

Student Loans

For graduate students pursuing their MA, MS, PhD, or other graduate school programs with or without a cosigner.


1.87% – 11.10%


3.32% – 12.93%

  • Enrolled at least half-time
  • Must be a U.S. citizen or have Deferred Action for Childhood Arrival (DACA) status with or without an eligible cosigner who is a U.S. citizen or permanent resident
  • International students may apply with a creditworthy cosigner who is a U.S. citizen or permanent resident

  • 7, 10, 12 or 15-Years

  • Deferred Repayment: Start payments up to 9 months after leaving school
  • In School Interest-Only Repayment
  • $25 Minimum Payment

  • Postpone payments up to 9 months after graduation

  • Maximum in-school period is 36 months

*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. Rates displayed above are effective as of 09/01/2021 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.
** 1% Cash Back Graduation Reward subject to terms and conditions, click here for details.

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 students and their families to qualify for student loans with a cosigner or student loans without a cosigner, as well as these additional benefits:
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Affordable
Fixed or variable rates, voted lowest interest rates for 2021 by Forbes Advisor.
Most flexible options
Start payments up to 9 months after graduation and if you need to make lower payments after graduation, consider our Progressive Repayment option.
Bigger discounts
1.00% automatic debit discount for Ascent’s Non-Cosigned Outcomes-Based Loans (all credit-based loans are eligible for a 0.25% discount). Discount Terms & Conditions
No fees
No application, origination, or disbursement fees AND there’s no penalty if you pay off your loan early.
Free resources & apps
Ascent offers additional resources beyond a student loan to help you thrive throughout college and beyond.
More repayment terms
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
Build credit in your own name
Apply for Ascent’s Non-Cosigned Outcomes-Based Loans (for eligible juniors and seniors), or apply to release your cosigner after 24 consecutive on-time payments and meeting other criteria.
Fast & easy
4-step application with an initial soft credit check so you can check your pre-qualified rates in minutes without impacting your credit score.

Get Started

Check your rate without impacting your credit score.

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Will applying for DACA or college put my family at risk?
Applying for DACA or college shouldn’t put undocumented family members at risk. Colleges typically have privacy policies preventing them from sharing students’ personal information, including immigration statuses, with outside entities. For more information, please contact your school.
Are there student loans for DACA students?
Yes, there are loans for DACA students, but they aren’t available through the federal government. DACA student loans can be secured through private lenders like Ascent.
What student loans for DACA students can I get?

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.

Ascent offers Cosigned and Non-Cosigned Credit-Based Loans to both undergraduate student loans and graduate student loans to DACA students.

What are others saying about Ascent?

Still have questions about Ascent’s private student loans?
We have answers.

Our customer service team is here to help. You can reach us via phone at 877-216-0876, email us at [email protected], or take a look at our top FAQs for DACA students below.

Who is Ascent?
Ascent Funding is an award-winning lender, committed to revolutionizing how you pay for higher education at colleges and coding bootcamps. Ascent empowers students from all economic backgrounds (including DACA students) and disciplines to maximize the return on their education with resources such as our Bright Futures Engine, Bootcamp Selector, and financial wellness tips. To set students up for success, we offer scholarships (over $80,000 this year) and exclusive benefits for students.
What loans can Ascent offer to DACA students?
Ascent offers Cosigned Credit-Based and Outcomes-Based Loans products for DACA undergraduate and graduate students with or without a cosigner:

Do I need a cosigner if I am a DACA student?
Not necessarily. Ascent considers several factors including: creditworthiness, school, program, graduation date, major, GPA, cost of attendance, and other factors that allow for undergraduate DACA students to potentially obtain a Non-Cosigned Outcomes-Based Loan in their own name without a cosigner. Nevertheless, applying with a cosigner may result in a lower interest rate.

Students with DACA status that do not qualify for an Outcomes-Based Loan or Credit-Based Loan on their own may also apply with a creditworthy cosigner that is a U.S. citizen or U.S. permanent resident.

Your cosigner must:

    • Be a U.S. citizen or U.S. permanent resident
    • Have a minimum credit score, which is determined on a case-by-case basis
    • Have a minimum gross annual income of $24,000 for the current and previous year
    • Submit satisfactory proof-of-income

Can I release my cosigner from my DACA student loan?
Yes. You can apply to release your cosigner after making the first twenty-four (24) consecutive, regularly scheduled full principal and interest payments on-time and meeting the other eligibility criteria to qualify for the loan without a cosigner, including meeting the program requirements for a solo student borrower, as well as electing to make payments via Automatic Debit. The student borrower must make the request to release a cosigner directly with Launch Servicing or the loan holder. Note: The option to apply to release the cosigner is only available to student borrowers that are U.S. citizens or have U.S. permanent resident status or DACA students.
Can I get a student loan with DACA?
Yes, you may be able to get an Ascent student loan as a DACA recipient. Ascent offers Cosigned Credit-Based and Outcomes-Based Loans products for DACA undergraduate and graduate students with or without a cosigner.
Can I apply for an Ascent scholarship as a DACA student?
Yes, Ascent’s scholarship giveaways are open to students that are (i) enrolled in a degree program at least half-time, or technical skills training program (for example, a coding bootcamp) and (ii) legal residents of one of the fifty United States or the District of Columbia or DACA student, age 18 or older.
How do DACA students pay for college?
DACA students often pay for college via private student loans. However, applying for scholarships and gaining employment may also help pay for college.
Where Can I get a Student Loan for DACA Recipients?
You may be able to get a private student loan as a DACA student through private lenders, such as Ascent.