Ascent Discounts & Cash Rewards

1% Cash Back Graduation Reward Subject to Terms & Conditions

In order to be eligible for the 1% Cash Back Graduation Reward, borrower must meet the following criteria after graduation:

• The student borrower must initiate the request for the granting of the graduation reward.
• The student borrower has graduated from the degree program that the loan was used to fund.
• The student borrower must provide adequate documentation to verify proof-of-graduation under the requisite degree program.
• The student borrower may change majors and/or transfer to a different school, but must obtain the same level of degree (e.g. – undergraduate or graduate)
• The graduation date is more than 90 days and less than five (5) years after the date of the loan’s first disbursement.
• Any loan that the student has borrowed under the Ascent loan is not more than 30-days delinquent or in a default status as of the graduation date and until any Graduation Reward is paid.
• The loan must not have been refinanced or consolidated with another lender prior to redeeming the reward.
• The student borrower must enroll in Automatic Debit payments for repayment of the loan.
• The student borrower must provide information that enables the Lender to deliver the funds electronically (e.g. ACH).
• The Lender (or loan owner at the applicable time) will calculate the 1% Cash Back Graduation Reward based on the original principal balance of the applicable loan. Such amount will be sent to the student borrower’s bank account electronically.
• The student borrower is only eligible to receive the reward one time.

Cash Back Request Form