I need financing for tuition and living expenses. How do I select the amount for each?
Depending on your program, you might have the option to borrow funds for living expenses, which you can use to help cover your living costs while attending your program.
In most cases, you’ll apply for your tuition and living expenses at the same time with just one application. When you apply, you’ll find two fields for loan amounts in the application: one for tuition and one for living expenses. Enter the amount you would like to borrow for each. You need to apply for at least $2,000* in tuition financing to add living expenses financing.
Some eligible programs offer a separate Living Expense Loan, which allows you to borrow $1,500/month during your program. To apply for a Living Expense Loan for an eligible program, you must have a Deferred Tuition Loan application in progress or have been approved for a Deferred Tuition Loan, and you must submit your application before your cohort begins. Simply submit your Deferred Tuition Loan application to gain access to the Living Expense Loan application.
To see if funds for living expenses are available for your school and program, visit your school’s Ascent partnership page.
*For Ascent's Short-Term Loan borrowers, the minimum loan amount is $1,000 except for the state of Massachusetts. Minimum loan amount for borrowers with a Massachusetts permanent address is $6,001.