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Ascent puts you and your family first.

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Non-cosigned loan options

You may pre-qualify for a student loan without a cosigner and build credit in your own name.

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Flexible payment options

Choose from affordable fixed or variable rates, customize your repayment terms, and pay off your loan without any penalty.

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Benefits that put you first

Cover up to 100% of your attendance costs. Plus, you can get 1% cash back and a discount if you set up automatic payments.

How loans without a cosigner work

4 simple steps and NO application fees.

Finding the right student loan without a cosigner shouldn’t be complicated. From filling out your application to your final payment, we’re committed to helping you every step of the way.

  • See your pre-qualified rates
  • Customize your loan without a cosigner
  • Upload your documents
  • Get your money – if approved & certified
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Am I eligible for Ascent’s Outcomes-Based Student Loan without a cosigner?

Student borrowers without established credit**, and those who meet the minimum credit requirements but don’t meet the income or repayment requirements may qualify for a loan without a cosigner on the basis of several alternative factors, which may include:

  • School
  • Program
  • Graduation date
  • Major
  • GPA
  • Cost of attendance
  • Other factors

Additionally, students seeking a loan without a cosigner must:

  • Be a college junior or senior enrolled full-time (or with an expected graduation date within 9-months of the date the loan application is submitted) in a degree program at an eligible institution.
  • Be a U.S. citizen or have a U.S. permanent resident or Deferred Action for Childhood Arrival (DACA) status.
  • Maintain good academic performance with a 2.9 GPA or greater.
  • Be at least 18 years old or the age of majority in their state of residence.

**NOTE: No score means insufficient credit history to produce a score. If you have a score it must meet a minimum score required.

What makes a no-cosign student loan application creditworthy?

Creditworthiness refers to your eligibility to receive credit from a lender. Lenders use your credit history to assess the level of risk involved with issuing a loan or another form of credit to borrowers. There are many factors that contribute to creditworthiness including your credit score and repayment history.

Since many students have not yet established credit, Ascent determines creditworthiness for loans without a cosigner in the following ways:

  • Non-Cosigned Credit-Based Loan
    • Student borrowers must have more than two (2) years of credit history with a minimum credit score.
  • Non-Cosigned Outcomes-Based Loan
    • Eligible student borrowers with no credit score, or eligible students that meet a minimum credit score with or without two (2) years of credit history.

Are there income requirements for student loans without a cosigner?

There is no minimum income requirement for the Non-Cosigned Outcomes-Based Loan.* For a Non-Cosigned Credit-Based Loan, the minimum income requirement is $24,000/year.

* NOTE: If you are applying for a loan without a cosigner AND have less than two (2) years of non-student loan credit history, you will not be tested against any minimum current annual income criteria. Instead, evaluation is based on the school of attendance, program, major, and other criteria that do not consider current annual income.

Choose from affordable fixed or variable rates

Ascent offers private student loans without a cosigner at competitive rates.

Fixed APR

Non-Cosigned Credit-Based:

7.35% - 14.52%*

Non-Cosigned Outcomes-Based:

11.83% - 12.85%*

  • You make the same payment every month
  • Your interest rate is set the day you apply, and doesn’t change
Variable APR

Non-Cosigned Credit-Based:

4.23% - 10.98%*

Non-Cosigned Outcomes-Based:

9.04% - 11.45%*

  • Your payment may be more or less each month
  • Your interest rate may vary with market conditions

*Rates displayed above are effective as of 05/01/2022 and reflect an Automatic Payment Discount of 0.25% (for Credit-Based loans) on the lowest offered rate and a 1.00% (for Undergraduate Outcomes-Based Loans) discount on the highest offered rate. For more information, see repayment examples and review the Automatic Payment Discount Terms and Conditions.

More ways to customizeyour private student loan without a cosigner

Repayment Terms
Flexible 5, 7, 10, 12 or 15-year repayment terms.
There’s no penalty for early repayment. Ascent repayment examples.

NOTE: For certain loans with low balances, the minimum monthly payment amount may cause the loan amortization schedule to be less than the selected term.

Repayment Options
Deferred Repayment: For Ascent’s Credit-Based Loan, students can choose from In-School Interest-Only, $25 Minimum, and Deferred Repayment options. Students with Ascent’s Non-Cosigned Outcomes-Based Loan can choose to start payments up to 9 months after leaving school.
Discounts

  • 0.25% Automatic Payment Discount applied when eligible borrowers are making automatic payments on their Ascent non-cosigned 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 Loan via auto debit from their personal checking account.
  • 1% Cash Back Graduation Reward upon satisfaction of certain terms and conditions.

Loans Amounts

  • Minimum: $2,001
  • Maximum: $200,000 (aggregate)
  • Maximum for academic year: $200,000 for credit-based loans; $20,000 for Non-Cosigned Outcomes-Based Loans

    NOTE: Because the Non-Cosigned Outcomes-Based Loan is available to students without any reliance on cosigners, processing times may be longer and loan amounts may be lower than the loan amount requested.

Tips & tools for financial success

Don’t lose your financial freedom before you have the chance to earn it! To help you borrow responsibly, we incorporate financial wellness into our loans without cosigner application process and give you exclusive access to tools and content to help you get set for greater financial success.Financial Wellness Tips

Have questions about private student loans without a cosigner?We’ve got answers.

From your first application for a private student loan with a cosigner 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.


What are the Ascent income requirements for students without a cosigner?

If you are a student borrower with or without a cosigner AND have less than 2 years of credit history:

  • THERE IS NO MINIMUM INCOME REQUIREMENT. Instead, students are evaluated based on their school of attendance, program, major, GPA, and other criteria that do not consider current annual income.

If you are a student borrower without a cosigner and have at least 2 years of credit and make a gross annual income of $24,000:

  • You will be tested against the following criteria to determine your eligibility for the most favorable rates and terms available:
    • Must meet a monthly debt-to-income (DTI) ratio.
    • Must submit satisfactory proof of income.

NOTE – Ascent applicants without a cosigner AND less than two (2) years of non-student loan credit history are not tested against any minimum current annual income criteria. Instead, they are evaluated based on their school of attendance, program, major, GPA, and other criteria that do not consider current annual income.

Can I qualify for an Ascent loan without a cosigner if I’m not a full-time student?
Students enrolled full-time or at least half-time at an eligible institution may qualify. Certain limitations may apply for applicants who apply without a cosigner.

What are others saying about Ascent?

Win Money for School

Every year, Ascent awards over $80,000 in scholarships for college and bootcamp students.

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