Planet with rings and stars
College Loans

Private undergraduate student loans designed with you in mind

Ascent offers award-winning cosigned and non-cosigned loans for college. Find your best student loan option in minutes - NO application fees

Check your rate without impacting your credit score.

What are others saying about Ascent?

Ascent's Undergraduate Student Loans

Ascent helps you cover up to 100% of your cost of attendance and other school-related expenses (up to $200,000*) at over 2,200 colleges nationwide by offering undergraduate loans for students.

*The minimum loan amount is $2,001, except for the state of Massachusetts. The minimum loan amount for borrowers with a Massachusetts permanent address is $6,001. The maximum loan amount is $200,000 for credit-based loans and $20,000 for outcomes-based loans ($200,000 aggregate total for all loans). 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.
Astronauts

Cosigned

Credit-Based Loan

For students with a creditworthy cosigner

Variable* APR 6.24% - 15.85%
Fixed* APR 4.29% - 15.76%

ELIGIBILITY:

  • Enrolled at least half-time at an eligible school
  • Must be a U.S. citizen, U.S. permanent resident or have a Deferred Action for Childhood Arrival (DACA) status
  • Must have an eligible cosigner who is a U.S. citizen or U.S. permanent resident
  • International students also may apply with a creditworthy cosigner who is a U.S. citizen or U.S. permanent resident. - See eligibility requirements.

REPAYMENT OPTIONS (available while enrolled at least half-time at an eligible school and during Grace Period)*:

  • Deferred Repayment
  • Interest-Only Repayment
  • $25 Minimum Payment
See repayment examples

TERMS*:

  • 5, 7, 10, 12 or 15-Years

(No penalty for early repayment)

GRACE PERIOD:

  • Postpone full principal and interest payments up to 9-months after graduation or leaving the program, or otherwise dropping to less than half-time enrollment status
Astronaut with flag

Parent

Credit-Based Loan

For parents, grandparents, guardians, and sponsors with a student attending an eligible school

Variable* APR 6.24% - 16.60%
Fixed* APR 5.60% - 16.76%

ELIGIBILITY:

  • Must be a U.S. citizen or permanent resident
  • Must be a parent, grandparent, guardian, or sponsor with an eligible student who is enrolled less than half-time, half-time or full-time at a degree-granting, Title IV, Ascent eligible school
  • Meet the minimum credit score and income requirements

REPAYMENT OPTIONS

  • Interest-Only Repayment
  • Immediate Repayment
See repayment examples

TERMS*:

  • 5, 7, 10, 12 or 15-Years

(No penalty for early repayment)

Astronaut

Non-Cosigned

Credit-Based Loan

For students without a cosigner who qualify based on credit and minimum income

Variable* APR 9.27% - 15.20%
Fixed* APR 9.16% - 15.11%

ELIGIBILITY:

  • Enrolled at least half-time at an eligible school
  • Must be a U.S. citizen, U.S.permanent resident or have a Deferred Action for Childhood Arrival (DACA) status with a valid social security number
  • Must have at least 2 years of credit history and meet credit and minimum income requirements

REPAYMENT OPTIONS (available while enrolled at least half-time at an eligible school and during Grace Period)*:

  • Deferred Repayment
  • Interest-Only Repayment
  • $25 Minimum Payment
See repayment examples

TERMS*:

  • 5, 7, 10, 12 or 15-Years

(No penalty for early repayment)

GRACE PERIOD:

  • Postpone full principal and interest payments up to 9-months after graduation or leaving the program, or otherwise dropping to less than half-time enrollment status
Astronauts

Non-Cosigned

Outcomes-Based Loan

For juniors and seniors who meet our credit criteria

Variable* APR 13.26% - 15.22%
Fixed* APR 13.20% - 15.13%

ELIGIBILITY:

  • Enrolled as a junior or senior full-time OR half-time within 9-months of graduation at an eligible school
  • Must be a U.S. citizen, U.S. permanent resident or have a Deferred Action for Childhood Arrival (DACA) status with a valid social security number
  • Must maintain GPA of 3.0+ AND meet your school’s Satisfactory Academic Performance (SAP)

REPAYMENT OPTIONS (available while enrolled at least half-time at an eligible school and during Grace Period)*:

  • Deferred Repayment
See repayment examples

TERMS*:

  • 10 or 15-Years

(No penalty for early repayment)

GRACE PERIOD:

  • Postpone full principal and interest payments up to 9-months after graduation or leaving the program, or otherwise dropping to less than half-time enrollment status

We’ve got your (cash)back – and even more exclusive benefits.
Hands being raised with speech bubbbles

Ascent provides more opportunities for you and your family to apply for private undergraduate student loans with or without a cosigner, and our parent student loans, as well as these exclusive benefits.

Choose between fixed or variable interest rates.

Start payments up to 9 months after graduation (depending on the loan you choose) and if you need to make lower payments after graduation, consider our Progressive Repayment option.

1.00% automatic debit discount for Ascent’s Non-Cosigned Outcomes-Based Loans (all credit-based loans are eligible for a 0.25% discount). Discount Terms & Conditions

No application, origination, or disbursement fees AND there’s no penalty if you pay off your loan early.

Ascent offers tips and resources that go beyond student loans to help you thrive in school and after graduation.

New 7 and 12-year repayment terms in addition to 5, 10, 15 and 20-year terms (depending on the loan you choose). See repayment examples

Apply for Ascent’s Non-Cosigned Outcomes-Based Loan (for eligible juniors and seniors), or apply to release your cosigner after making 12 consecutive, full principal and interest payments on-time or an equivalent amount and meeting other criteria.

Stay up to date with your student loan and make payments using our AscentConnect mobile app. Download it today from the Apple App Store or Google Play Store.

1% Cash Back Reward upon graduation.

Ascent’s undergraduate borrowers get access to expert coaching and easy-to-use resources to help you complete your degree and launch a rewarding career. Info icon

Ascent’s parent student loans are eligible for the full P&I (immediate) and interest only repayment options and do not qualify for the 1% cash back graduation reward.

Borrower Benefits Terms & Conditions

stars in space
stars in space
planet in space with a ring
planet in space
space ship angled to top left

How to get your undergraduate student loan

You’ve already put a lot of work into preparing for college.

  1. Submit your pre-qualification

    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.

    space ship
  2. Customize your loan details

    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.

    space ship launching
  3. Complete any open loan tasks in your Ascent portal

    After you choose your loan terms, complete any loan application tasks in your Ascent portal.

    space ship flying to top right
  4. We pay the school

    When your portal tasks are complete, we’ll send your loan for school certification. Once certified, we’ll disburse your funds directly to the school.

    space ship landing on planet
Get Started

When do I need a cosigner?

If you don't qualify for an undergraduate loan in your own name or for the full amount needed to cover your expenses, please consider applying with a creditworthy cosigner.

two rocket ships

Cosigners have an obligation to make payments should you default. You can apply to release your cosigner* after making twelve (12) consecutive, full principal and interest payments on-time or an equivalent prepayment amount on-time and meeting the other eligibility criteria to qualify for the loan without a cosigner, including meeting the program requirements for a solo student borrower, as well as electing to make payments via Automatic Debit. The student borrower must make the request to release a cosigner directly with Ascent's loan servicer, Launch Servicing, or the loan holder.

*Note: The option to apply to release the cosigner is only available to student borrowers that are U.S. citizens or have U.S. permanent resident status and is not available to DACA students

How else does Ascent help students and families?

Private undergraduate student loans should expand your possibilities, not limit them. That’s why Ascent offers even more ways for you to earn money throughout the year.

Tips & tools for financial success

To help you borrow responsibly, we incorporate financial wellness into our student loan application process and give you exclusive access to tips and resources to prepare you for financial success in college and after graduation.

We’re proud to provide award-winning loans for lifelong learners.

nerdwallet best of awards 2023
Editors Choice Award Ascent Badcredit.org

Have questions about Ascent’s undergraduate loans?

We have answers.

Ascent is the leading provider of innovative financial products and student support services that enable more students to access education and achieve academic and economic success. 

Students  attending an eligible institution and enrolled at least half-time in a degree program may apply for an Ascent loan. 

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 school certification or other underwriting factors.

  • Minimum: $2,001*
  • Maximum (aggregate total): $200,000 for Undergraduate Loans; $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 except for Ascent’s Undergraduate Non-Cosigned Outcomes-Based Loan, which has a maximum of $20,000 for the academic year.

*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.

Not necessarily. Ascent considers several factors including: creditworthiness, school, program, graduation date, major, GPA, cost of attendance, and other factors that allow for undergraduate students to potentially obtain Ascent’s Non-Cosigned Outcomes-Based Loan in their own name without a cosigner. Nevertheless, applying with a cosigner may result in a lower interest rate. 

Students who have Deferred Action for Childhood Arrival (DACA) status or who are not a U.S. citizen or U.S. permanent resident must apply with a creditworthy cosigner who is a U.S. citizen or U.S. permanent resident. 

Check out more FAQs