How does Ascent’s Automatic Payment Discount work for college loans?

You can get either a 0.25% interest rate discount for credit-based college loans if you submitted your loan application prior to 06/01/2025, a 0.5% interest rate discount for credit-based college student loans if you submitted your loan application on or after 06/01/2025, and a 1.00% interest rate discount for outcomes-based college student loans when you enroll in automatic payments. The Automatic Payment Discount is available if you are enrolled in automatic payments from your personal checking account and the amount is successfully withdrawn from the authorized bank account each month. (See Automatic Payment Discount Terms & Conditions.)