Can an Ascent college loan be used to cover the cost of past due tuition balances?
Ascent’s college loans may be used to cover educational related expenses as certified by an eligible school for a loan period not to exceed one full academic year. Ascent’s college loans must be certified by the school within 180-days from the end of the loan period for which the loan proceeds are to be used. At the time of request, the student must be enrolled or registered for enrollment at (or graduated from) the same institution listed on the application. The student must have been enrolled during the prior enrollment period for which the loan is requested and must not have withdrawn with no intention of re-enrolling, as verified by the school.