Medical School Loans

Ascent’s credit decisioning criteria is proprietary and subject to change, but you can check your pre-qualified rates without impacting your credit score. We consider credit history and several other factors including, but not limited to, credit score.

Ascent considers several factors which may include creditworthiness, school, program, GPA, and cost of attendance.

Ascent’s Graduate Student Loans are for graduate students who are enrolled at least half-time in a degree program at an eligible institution.

Students applying without a cosigner must be U.S. citizen, U.S. permanent resident or have a Deferred Action for Childhood Arrival (DACA) status. DACA students or students who are not a U.S. citizen or U.S. permanent resident may apply with a credit-worthy cosigner who is a U.S. citizen or U.S. permanent resident.

Yes. Ascent’s graduate student loans are available for international students attending U.S.-based institutions. To apply for our student loan for medical school as an international resident, you’ll need to apply with a creditworthy cosigner. Your cosigner must be a U.S. citizen or U.S. permanent 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.

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.

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.

• Minimum:  $2,001*
• Maximum (aggregate): $400,000 for Graduate Loans
• Student borrowers may borrow up to their institution’s cost of attendance as certified by the school and may not exceed the aggregate loan limits as stated above.

*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.

Yes. Many medical 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.

Medical school loans with Ascent work in 4 easy steps. After you’ve been accepted to your medical school, you can begin the application for your loan. Once you’ve pre-qualified for your loan, you can accept the loan and customize your repayment options. We’ll keep you updated on additional tasks and documents that need to be uploaded.

Finally, your medical school will certify the amount you’re approved, and your funds will be sent directly to your school – any money that doesn’t go toward your school’s necessary funds will be sent to you to cover additional expenses.