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College Loans

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

See My Rates Check your rate without impacting your credit score.

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

The Bankrate Awards Best Student Loans Lenders
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forbes advisor best private student loans 2021
Editors Choice Award Ascent Badcredit.org
Money's Best 2022

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 final amount approved depends on the borrower’s credit history, verifiable cost of attendance, and is subject to credit approval and verification of application information.

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Cosigned

Credit-Based Loan

For students with a creditworthy cosigner (For U.S. citizens, DACA & international students)

Variable* APR 5.74% - 14.51%
Fixed* APR 4.62% - 14.91%

ELIGIBILITY*:

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

LOAN AMOUNTS:

  • $2,001 - $200,000

($200,000 aggregate total)

TERMS*:

  • 5, 7, 10, 12 or 15-Years

(No penalty for early repayment)

REPAYMENT OPTIONS*:

  • Deferred Repayment: Start payments up to 9 months after leaving school
  • In School Interest-Only Repayment
  • $25 Minimum Payment
See repayment examples
Astronaut

Non-Cosigned

Credit-Based Loan

For students that qualify based on income & credit (Must be a U.S. citizen or and DACA student)

Variable* APR 9.39% - 15.76%
Fixed* APR 9.63% - 16.16%

ELIGIBILITY*:

  • Enrolled at least half-time
  • Must be a U.S. citizen or permanent resident and DACA student
  • Must have at least 2 years of credit history and meet credit and income requirements

LOAN AMOUNTS:

  • $2,001 - $200,000

($200,000 aggregate total)

TERMS*:

  • 5, 7, 10, 12 or 15-Years

(No penalty for early repayment)

REPAYMENT OPTIONS*:

  • Deferred Repayment: Start payments up to 9 months after leaving school
  • In School Interest-Only Repayment
  • $25 Minimum Payment
See repayment examples
Astronaut

Non-Cosigned

Outcomes-Based Loan

For juniors & seniors with a 2.9+ GPA & no credit score**

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

Variable* APR 12.25% - 14.21%
Fixed* APR 12.52% - 14.01%

ELIGIBILITY*:

  • Enrolled full-time OR graduating within the next 9 months
  • Maintain GPA of 2.9+ AND meet your school’s satisfactory academic performance (SAP)
  • Must be a U.S. citizen or permanent resident

LOAN AMOUNTS:

  • $2,001 - $200,000

($200,000 aggregate total)

TERMS*:

  • 10 or 15-Years

(No penalty for early repayment)

REPAYMENT OPTIONS*:

  • Deferred Repayment: Start payments up to 9 months after leaving school
See repayment examples

*Rates displayed above are effective as of 02/01/2023 and reflect an Automatic Payment Discount of 0.25% on credit-based loans when you enroll in automatic payments. For more information, see repayment examples or review the Ascent Student Loans Terms and Conditions.
Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores.

Why choose an Ascent undergraduate student loan?

Ascent provides you and your family more opportunities to apply for private undergraduate student loans with or without a cosigner, and offers these exclusive benefits:

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Choose between fixed or variable interest rates.

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

Start payments up to 9 months after graduation and if you need to make lower payments after graduation, consider our Progressive Repayment option.

Apply for Ascent’s Non-Cosigned Outcomes-Based Loans (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 prepayment amount

1.00% automatic debit discount for our Non-Cosigned Outcomes-Based Loan option (all credit-based loans are eligible for a 0.25% discount). Discount Terms & Conditions

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.

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

1% Cash Back Reward upon graduation.

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

Check your rate without impacting your credit score. Get Started
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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.

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  2. Select your repayment plan

    Once your completed loan application is approved, you’ll be able to view your repayment options and select the loan terms that work best for you.

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  3. Complete your Ascent Portal tasks

    After you choose your loan terms and accept your disclosures, your Ascent Portal will be populated with tasks to complete. These tasks include a financial wellness quiz and providing us with any additional information we need to prepare your loan.

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  4. We pay your school

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

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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.

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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, even if you don’t have a loan with us.

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.

What are others saying about Ascent?

Have questions about Ascent’s undergraduate loans?

We have answers.

Ascent Funding is an award-winning company, committed to revolutionizing how students pay for higher education at colleges and coding bootcamps. Ascent was named Best Private Student Loan for 2021 by Forbes Advisor, NerdWallet, and Money.com. Ascent empowers students from all economic backgrounds and disciplines (including DACA students). To set students up for success, we incorporate financial wellness into our application process (the ONLY student loan company to require this) and offer exclusive benefits for students like the opportunity to qualify for a loan without a cosigner (for juniors and seniors), 1% cash back, no fees, and over $80,000 in scholarships awarded every year.

Students from all majors at every grade level that are attending an eligible institution can apply for an Ascent loan.

The maximum loan amount for Ascent loans is limited to the total cost of attendance for a period not to exceed one full academic year, less any financial aid, 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
  • Maximum for academic year:
    • $200,000 for Undergraduate and Graduate Credit-Based Loans
    • $20,000 for Undergraduate Non-Cosigned Outcomes-Based Loans

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

Check out more FAQs ›