What is the Alternative Repayment Option?

Ascent’s Alternative Repayment Option (ARO) is a temporary program designed to help borrowers who are experiencing financial hardship by allowing for a reduced monthly payment for a limited period of time. The ARO is offered at the discretion of the lender and is subject to applicable eligibility requirements, not all loans or borrowers will qualify, and the ARO is not available to Ascent Zero Percent Consumer Loan or Zero Percent Private Education Loan borrowers. If approved, the ARO is granted in increments of up to 3-months, with a lifetime maximum of 9 months for Ascent Career loans. The ARO does not extend the original repayment term of the loan; however, it will increase the total cost of the loan due to continued interest accrual. To apply for the ARO, please complete the request form here. To learn more about your eligibility and available options, please contact Ascent’s loan servicer, Launch Servicing, directly after your loan has been disbursed:

Ascent Funding, LLC

c/o Launch Servicing, LLC

P.O. Box 91910 | Sioux Falls, SD 57109

Phone: 877-209-5297

Website: AscentFunding.LaunchServicing.com