What are the credit requirements for an Ascent Funding loan without a cosigner?

Ascent’s credit decisioning criteria is proprietary and subject to change, but you can check what rates you pre-qualify for in just four (4) steps without impacting your credit score. We consider credit history and several other factors including, but not limited to, credit score: Non-Cosigned Credit-Based Loan Student borrowers must have more than two (2) years of credit history with a minimum credit score. Non-Cosigned Future Income-Based Loan Eligible student borrowers with no credit score, or eligible students that meet a minimum credit score with or without two (2) years of credit history. (See Non-Cosigned Future Income-Based Loan eligibility requirements.)

Ascent Offers Two Non-Cosigned
Loan Options for Undergraduates

If you don’t pre-qualify for our credit-based non-cosigned loan,
eligible juniors and seniors may apply for our future income-based loan.

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See Eligibility Requirements »

Check your rates without impacting your credit score.

How it works
4 simple steps –
NO application fees.

Check your pre-qualified rates without impacting your credit score.

See your pre-qualified rates
Customize your loan on your terms
Upload your documents
Get that money – if approved & certified

Am I eligible for a future income-based student loan without a cosigner?

Student borrowers with no credit score**, as well as student borrowers that pass the minimum credit requirements but don’t meet the income or repayment capacity requirements may qualify on the basis of several alternative factors which may include: school, program, graduation date, major, GPA, cost of attendance, and other factors that could allow for students to obtain a non-cosigned future income-based private student loan in their own name. Such borrowers must:

Be a college junior or senior enrolled full-time (or with an expected graduation date within 9-months of the date the loan application is submitted) in a degree program at an eligible institution.
Be a U.S. citizen or have U.S. permanent resident status.
Have satisfactory academic performance of 2.9 GPA or greater.
Be at least 18 years of age or at the age of majority in the respective state of residence.

**NOTE: No score means insufficient credit history to produce a score. If you have a score it must meet a minimum score required.

Ascent puts students first

Non-cosigned loan options

You may pre-qualify for a student loan without a cosigner and build credit in your own name.

Flexible payment options

Choose from affordable fixed or variable rate, customize your repayment terms, and pay off your loan early without any penalty.

Benefits that put you first

Cover up to 100% of your cost of attendance. Plus, you can get 1% cash back and a discount if you set up automatic payments.

Choose from affordable fixed or variable rates

Ascent offers private student loans without a cosigner at competitive rates.

Fixed APR

Non-Cosigned Credit-Based:

7.00% - 14.00%*

Non-Cosigned Future Income-Based:

10.27% - 14.50%*

You make the same payment every month
Your interest rate is set the day you apply, and doesn’t change

Variable APR

Non-Cosigned Credit-Based:

5.84% - 12.37%*

Non-Cosigned Future Income-Based:

8.94% - 12.94%*

Your payment may be more or less every month
Your interest rate may vary with market conditions

*Rates displayed above are effective as of 04/01/2021 and reflect an Automatic Payment Discount of 0.25% (for Credit-Based Loans) on the lowest offered rate and a 2.00% (for Undergraduate Future Income-Based Loans) discount on the highest offered rate. For more information, see repayment examples and review the Automatic Payment Discount Terms and Conditions.

More ways to customize your private student loan without a cosigner

Repayment Terms
- Flexible 5, 7, 10, 12 or 15-year repayment terms. There’s no penalty for early repayment.
  NOTE: Ascent borrowers who choose a non-cosigned future income-based loan option with a fixed rate may ONLY select a 10-year loan term. For certain loans with low balances, the minimum monthly payment amount may cause the loan amortization schedule to be less than the selected term.
Repayment Options
- Deferred Repayment: Start payments up to 9 months after leaving school. Ascent repayment examples.
Discounts
- 0.25% Automatic Payment Discount applied when eligible borrowers are making automatic payments on their Ascent non-cosigned credit-based student loan via auto debit from their personal checking account.
- 2.00% Automatic Payment Discount applied when eligible borrowers are making automatic payments on their Ascent non-cosigned future income-based student loan via auto debit from their personal checking account.
- 1% Cash Back Graduation Reward upon satisfaction of certain terms and conditions.
Loan Amounts
- Minimum: $2,001
  Maximum: $200,000 (aggregate)
  Maximum for academic year:: $200,000 for credit-based loans; $20,000 for non-cosigned future income-based loans
  
  NOTE: Because the non-cosigned future income-based loan is available to students without any reliance on cosigners, processing times may be longer and loan amounts may be lower than the loan amount requested.

Tips & tools for financial success

Don’t lose your financial freedom before you have the chance to earn it! To help you borrow responsibly, we incorporate financial wellness into our application process and give you exclusive access to tools and content to help you get set for greater financial success. Financial Wellness Tips »

Helpful tips

Have questions about private student loans without a cosigner?
We’ve got answers.

From your first application to your final payment, we’re committed to helping you every step of the way. Our 100% U.S.-based Ascent Customer Service team is here for you. Call us toll-free at 877-216-0876，email us at [email protected], or check out our top FAQs below:

What are the credit requirements for an Ascent Student Loan without a cosigner?

Ascent’s credit decisioning criteria is proprietary and subject to change, but you can check what rates you pre-qualify for in just four (4) steps without impacting your credit score. We consider credit history and several other factors including, but not limited to, credit score:

Non-Cosigned Credit-Based Loan
- - - Student borrowers must have more than two (2) years of credit history with a minimum credit score.
Non-Cosigned Future Income-Based Loan
- Eligible student borrowers with no credit score, or eligible students that meet a minimum credit score with or without two (2) years of credit history. (See Non-Cosigned Future Income-Based Loan eligibility requirements.)

What are the Ascent income requirements for students without a cosigner?

If you are a student borrower with or without a cosigner AND have less than 2 credit history:

THERE IS NO MINIMUM INCOME REQUIREMENT. Instead, they are evaluated based on their school of attendance, program, major, GPA and other criteria that does not consider current annual income.

If you are a student borrower without a cosigner and have at least 2 years credit and make a gross annual income of $24,000:

You will be tested against the following criteria to determine your eligibility for the most favorable rates and terms available:
- - Must meet a monthly debt-to-income (DTI) ratio.
  - Must submit satisfactory proof-of-income.

NOTE – Ascent applicants without a cosigner AND less than two (2) years of non-student loan credit history are not tested against any minimum current annual income criteria. Instead, they are evaluated based on their school of attendance, program, major, GPA and other criteria that does not consider current annual income.

Can I qualify for an Ascent loan without a cosigner if I’m not full-time?

Students enrolled full-time or at least half-time at an eligible institution may qualify. Certain limitations may apply for such applicants that apply without a cosigner.

Check out more FAQs »

Being young I don’t have a strong credit history. Ascent made it possible for me to have my own loan without the help of others - I’m thankful I found them.

Nikara M.
Western Washington University

It was the only decent loan provider that would except a non-cosigned loan. My loan manager helped a lot.

Robert C.
Texas A&M University

Ascent gave me the option to take on a loan by myself and at a decent interest rate for what my circumstances were.

Tyler P.
Keiser University

Ascent Offers Two Non-Cosigned
Loan Options for Undergraduates

How it works
4 simple steps –
NO application fees.

Am I eligible for a future income-based student loan without a cosigner?