Ascent Discounts & Cash Rewards

Terms and Details for discounts and cash back reward

Discounts for Enrolling in Automatic Payments

  • 0.25% Automatic Payment Discount applied when eligible borrowers are making automatic payments on their Ascent credit-based student loan via auto debit from their personal checking account.
  • 1.00% Automatic Payment Discount applied when eligible borrowers are making automatic payments on their Ascent non-cosigned outcomes-based student loan via auto debit from their personal checking account.

Learn More

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


From your first application to your final payment, we’re committed to helping you every step of the way. Our 100% U.S. based Ascent Customer Service team is here for you. Call 877-216-0876 toll-free, Monday – Thursday from 7:00AM to 5:00PM (PST) and Friday 7:00AM – 4:00PM (PST) or email us at [email protected] (Please include your phone number and best time to reach you. You can count on us to respond within 1-2 business days.)

Ways to Get Cash

50 Days of $1,000 Scholarships

We’re giving away a $1,000 student scholarship every weekday this summer – no essay required. Enter for your chance to win at We’re giving away another $1,000 every month for students who are making an impact in their community. Enter for a chance to win at


Earn $525 for Each Friend You Refer
Ascent’s Refer A Friend Program helps you earn money to help cover the cost of college and other expenses. You can earn up to $525 for each friend you refer, and your friends get paid too! Learn more and start referring today.


Ascent Rewards Program
Ascent Rewards is an easy cash back program designed to help you earn cash from making purchases at over 50,000+ of your favorite stores. You can accumulate cash rewards and make payments with Ascent Rewards. *


1% Cash Back at Graduation
If you choose the fund your education with Ascent, you can apply to get 1% Cash Back on the principle loan amount at graduation. See full details.

Tips to Plan & Pay for College

Guide to Paying for College
Our Guide to Paying for College has key dates and tips to help you master the complicated and ever-changing world of financial aid. Download your free copy now.


Finding the Right College & Major
See how your major and college choices measure up – Ascent’s Bright Futures™ Engine powers students to evaluate the return of their educational investment by comparing the expected salary with the cost of attendance.


Meet Your Student Loan Sidekick
Chipper is a loan management app that encourages you to tackle debt in a smarter way by rounding up your purchases to the nearest dollar and applying those extra cents to your highest loan amount each week.*


Superpower Your Spare Change
ChangEd securely links to your credit and debit cards, then rounds purchases to the next dollar and send that extra change to the loan servicer.*

* Ascent Funding, LLC receives a small commission for every user who clicks on this partner link and signs up to receive the services offered through Ascent’s Benefits for Students page. Ascent is not responsible for any loss or damage of any kind incurred as a result of the use of a partner site or reliance on any information provided on the partner site. The use of a partner site and where available a partner’s mobile application, and your reliance on any information contained therein, is solely at your own risk.
Bag of money


Enter for your chance to win a $1,000 scholarship every weekday this summer through August 2, 2022. Enter Now

Students must be 18+. See Official Rules.