Investing in Change

Ascent is leading the industry in driving positive learner outcomes and durable economic mobility.

2023/2024 Highlights

By 2028, Ascent is on a mission to increase income by $10 billion for Ascent learners.

To date, we have disbursed over $1.5 billion in education loans to over 120,000 families across the U.S.

For nearly a decade, Ascent has provided financing for traditionally overlooked and underserved individuals and families to gain access to post-secondary education and build a foundation for durable economic mobility.

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Ascent Funding is an origination processor, all Ascent loans are made by DR Bank, Bank of Lake Mills, or Richland State Bank, each Member FDIC. Information displayed is as of 03/01/2025. Ascent reserves the right to update and revise figures according to available information. All information displayed here is provided on an "as is" and "as available" basis, without warranty of any kind. You may not rely on the information displayed here for any purpose.

Data as of: March, 2025

Ascent partners with philanthropy to offer Zero Percent Loans

Ascent partners with philanthropic investors, private funders and public sector partners to provide alternative financing solutions for adult learners to increase access to higher education or workforce training and economic mobility.

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  • $34 million

    disbursed in Zero Percent Loans

  • 93% low income

    and 90%+ approval rate despite average credit score of 603

  • 76% of Zero Percent Loan

    borrowers do not have a college degree

Ascent's innovative Zero Percent Loan made possible through Pay It Forward Funds - How it Works

The Need

  • By 2025, half of the global workforce will need reskilling or upskilling (World Economic Forum)
  • Lack of funds and lack of access to credit blocks workers from education and training for high-demand jobs

The Opportunity

Through a Pay It Forward Fund program, Ascent provides Zero Percent Loans to learners so they can access valuable training opportunities

Loan repayments are tied to career and economic outcomes and recycled back into the Fund to support future learners

The Outcome

Pay It Forward Funds create strong pathways to in-demand jobs, while increasing the impact of capital spent on training

Learners “pay it forward” as they land in-demand jobs and repay their loans back into the Fund

Invest in change with us

Connect with our team to learn more about our work and join our mission.

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