*Annual Percentage Rates (APRs) displayed above are effective as of 12/02/2024 and reflect an Automatic Payment Discount of 0.25% for credit-based college student loans when you enroll in automatic payments. Loans subject to individual approval, restrictions and conditions apply. Loan features and information advertised are intended for college student loans and are subject to change at any time. 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 full principal and interest (Immediate) payments, the shortest loan term, a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest credit scores. Actual APR offered may be higher or lower than the examples above, based on the amount of time you spend in school and any grace period you have before repayment begins.
*The Full P&I (Immediate) Repayment option is only available for college loans (except for outcomes-based loans) originated on or after June 3, 2024. (See Terms & Conditions.)
Want to see what your repayment plan and monthly payments could look like? Check out our loan repayment examples to help you make your decision.
Every graduate student’s situation is different, and Ascent’s MBA student loans are designed to empower you as you pursue your business education.
Ascent stands out for its range of payment reduction and postponement options, rare among private lenders. Borrowers can choose a graduated repayment plan, which provides a lower monthly payment to start that increases over time.” Read more
We are recognizing Ascent with our Editor’s Choice™ Award as Top Private Student Loan Provider thanks to the company’s student-focused efforts and innovative loan options. ” Read more
Being young I don’t have a strong credit history. Ascent made it possible for me to have my own loan without the help of others - I’m thankful I found them.
It was the only decent loan provider that would accept a non-cosigned loan. My loan manager helped a lot.
The best thing about Ascent is the fact that they make the process easy. I was able to do everything online and the money was sent directly to my school.
You’ve already put a lot of work into preparing for your MBA. Getting the financing you need shouldn’t stop you now. We’ve streamlined our application process so you can get your funds without getting a headache.
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 loan details and select the loan terms that work best for you.
After you choose your loan terms, complete any loan application tasks in your Ascent portal.
When your portal tasks are complete, we send your loan for school certification. Once certified, we’ll disburse your loan directly to the school.
See your rates today without impacting your credit score.
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You can use multiple types of loans to cover your tuition, including federal loans, private loans, and any financial aid your business school can offer. Many students first apply for graduate financial aid through the FAFSA and use private loans to cover additional costs.
Ascent also offers scholarships opportunities that can help ease your MBA finances.
Your MBA can be a pathway leading you to greater career success, but it’s important to stop and assess your finances before taking this leap.
Checking that your undergraduate loans can be deferred while you’re in school, recreating your budget for grad school, and applying for financial aid are all vital steps to ensure you’re not stressed about money while trying to study.
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As with all loan types, your credit score significantly impacts your eligibility for private student loans. Your credit score may […]
Understanding how student loan interest works and how it’s calculated can help you manage your debt more effectively–and potentially save […]
The Free Application for Federal Student Aid, or FAFSA, is the first step in the application process for federal student […]
If you submitted the Free Application for Federal Student Aid (FAFSA) and are anticipating a gap between your covered financial […]
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 us toll-free at 877-216-0876, email us at [email protected], or check out our top FAQs below:
No. You may not need a cosigner you’re a U.S. citizen, U.S. permanent resident, or have a Deferred Action for Childhood Arrival (DACA) status.
Ascent’s Non-Cosigned Credit-Based student loan is available for graduate students enrolled at least half-time who have more than two years of credit history and a minimum income of $30,000 annually.
If you’re having difficulty getting a loan, there may still be ways you can get a student loan without a cosigner.
Yes, international MBA students attending U.S. colleges can apply for an Ascent loan with a creditworthy cosigner. Your cosigner must be a U.S. citizen or U.S. permanent resident to qualify. You’ll also need to provide documentation of status as a temporary resident.
DACA students may apply on their own with the proper documentation or with a qualified cosigner who is a U.S. citizen or U.S. permanent resident.
You should apply for your graduate loan after you’ve been accepted to an MBA program. Your loan amount will be calculated based on the program you’ve been accepted to. If approved, your funds will be distributed directly to your school.
It’s best to start the MBA application process at least a month before your tuition deadline to give you time to make sure your funds are in order.
Starting earlier can give you more time to work through any issues that come up and the ability to work through your budget in more detail.
The maximum loan amount for an Ascent loan is limited to the total cost of attendance for a period not to exceed one full academic year, including any financial aid you receive, as certified by your school. Note: Your maximum loan amount may be less than the amount requested on your application due to the school certification or other underwriting factors.
*The loan minimum amount is $2,001 except for the state of Massachusetts. Minimum loan amount for borrowers with a Massachusetts permanent address is $6,001.
If you’ve gone through your budget, applied for federal aid, and taken private loans to find that you need more than your school’s official cost of attendance (COA), you have a few options. First, you can appeal to your school’s financial aid office and discuss your situation.
Second, there may be some scholarships you can use to help cover the cost — Ascent awards over $80,000 in scholarships for college and bootcamp students every year.
If these options aren’t enough, you can also explore paid internships to help contribute to your tuition or consider working part-time if you’re able to.
Yes. Many MBA school students apply for federal loans first through the Free Application for Federal Student Aid (FAFSA®), then cover additional expenses with private student loans. The federal loans available to you may consist of Federal Direct Unsubsidized Loans and Grad PLUS Loans.
If your federal loans don’t cover all of your living expenses, a private student loan and scholarships may give you the relief you need.
Yes. Ascent awards over $80,000 in scholarships every year. Enter for your chance to win our monthly scholarships in 3 easy steps – no essay required. To learn more about scholarships, visit here.
If you have a question or concern about your student loans or the application process, don’t hesitate to contact us.
Our team is here for you to get the help you need for your MBA loan. Ascent also offers a variety of graduate student loans for different courses of study.
Ascent offers student loans for a myriad of career paths. Check out our other graduate student loan pages to explore your opportunities.
Graduate LoansChecking your rate will not impact your credit score.
For students seeking their undergraduate or graduate degree from a university or college.
For students attending a coding bootcamp school pursuing a degree in technology, professional training, or licensure training.