How often does the variable interest rate change?

Ascent’s college loans use a variable interest rate that is adjusted using the 30-day SOFR average.

(See FAQ, “What is SOFR?” for more info.)

Note: For all applications submitted for variable rate loans from Ascent on or after January 1, 2022, the benchmark or index used to determine the interest rates for those loans will be based on SOFR. Learn more.

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