- Make the same payment every month
- Your interest rate is set the day you apply and doesn’t change
College Loans
Parent Student Loans
Apply 100% online and check your parent loan status 24/7 using our AscentConnect mobile app.
There are no application, origination, or disbursement fees AND there’s no penalty if you pay off your loan early.
Choose between 5, 7, 10, 12 and 15-year loan terms. Plus, receive a 0.25% discount when you enroll in automatic payments.
*Rates displayed above are effective as of 10/01/2024 and reflect an Automatic Payment Discount of 0.25% on credit-based loans when you enroll in automatic payments. 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. For more information, see repayment examples or review the Automatic Payment Discount 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 interest rates require full principal and interest payments, the shortest loan term, and are only available for our most creditworthy applicants with the highest average credit scores. Actual APR offered may be higher or lower than the repayment examples below, based on the amount of time you spend in school and any grace period you have before repayment begins.
Preparing for college is hard work, but applying for a Parent Student Loan is fast and easy.
We ask you to provide important information such as your name, address, date of birth, and employment information, as well as some information about your student.
Once your completed loan application is approved, you'll review 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 tasks are complete, we’ll send your loan for school certification. Once certified, we’ll disburse the funds directly to the school.
Check your rate today without impacting your credit score.
Apply NowAscent offers even more ways for you and your student to earn money throughout the year.
You and your student can enter for a chance to win one of our monthly scholarship giveaways.
Sign up and start earning cash back on purchases you make while shopping at your favorite stores.
You can refer other parents, students, and friends - all you need to do is share your custom referral link.
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.
They talked to me and helped me out in the most possible way. They made sure I got the most that I possibly could.
Ascent was great because they were able to answer all of my questions. They made getting to college a lot easier for me.
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.
You (the parent, grandparent, guardian, or sponsor) can apply for Ascent’s parent student loan by submitting your application and providing information such as your name, address, date of birth, and employment information. You’ll also need to provide basic information about your student such as the school they’re attending.
Once your completed loan application is approved, you'll review your loan details and select the loan terms that work best for you. After choosing your loan terms, you must complete any loan application tasks in your Ascent portal. When your tasks are complete, we’ll send your loan for school certification. Once certified, we’ll disburse the funds directly to the school.
If you’re ready to get started, click here.
When you apply for an Ascent parent student loan, you’ll need to provide information such as your name, address, date of birth, and employment information. You’ll also need to provide basic information about your student such as the school they’re attending.
After applying, be sure to check your Ascent portal for any application tasks you must complete to keep your loan application moving along.
Parents, grandparents, guardians, or sponsors of an undergraduate or graduate student enrolled in an eligible school can apply for Ascent’s parent student loan. Eligible borrowers must:
The difference between cosigning a student loan and taking out a parent loan revolves around the party financially responsible for paying back the loan. When you cosign a student loan, the cosigner agrees to take equal responsibility for repaying the loan, along with the student borrower. When you take out a parent student loan, (you) the parent, grandparent, guardian or sponsor, are solely responsible for repaying the loan.
No. Not all schools are eligible to certify a Parent Loan. Parents, guardians, grandparents, or sponsors should confirm with their student's school if their school is able to certify a Parent Loan.
Checking 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.