What’s the difference between a bootcamp loan and a private student loan?

There are a few key differences between Ascent’s bootcamp loans and a private student loan:
  • Ascent’s bootcamp loans are consumer loans tailored for those seeking to transform their career at a bootcamp or an accelerated learning program. Private student loans are typically only available for qualified education expenses as defined by the IRS.
  • Private student loan interest payments may be tax deductible, but bootcamp interest payments are not. You may want to consult your tax advisor to determine how this will affect you.
  • Bootcamp loans may be treated differently in the event of a borrower's or cosigner’s bankruptcy.
  • Ascent’s private college loans may be eligible for cosigner release, while the bootcamp loans are not.
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