Fund your future
Ascent helps Springboard students pay tuition by offering a simple, straightforward deferred tuition plan. You deserve a valuable education, and we think financing it should be easy.
Submit an application without impacting your credit score. Choose how much you’d like to borrow, get pre-qualified in minutes, and get started on your career-transforming program.
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A monthly payment plan built for you
With a Deferred Tuition loan, you won’t make payments until you receive an offer for a qualifying position as defined in the Springboard Guarantee. Once you receive an offer for a qualifying position, you’ll begin making monthly payments. If you do not receive a qualifying offer within six months of completing your program and you meet the requirements of your Springboard Guarantee, your loan will be canceled, your deposit will be refunded, and you will owe nothing.
Learn now, pay later
After the initial deposit to Springboard, make no payments for up to a year, and no interest accrues during this period.
Know exactly what you’ll pay
Unlike a traditional loan, the total amount you’ll owe is fixed.
Fixed monthly payments
Once you receive a qualifying job offer—or six months after completing your program—you’ll begin making low, fixed monthly payments for 36 months.
Preview loan & payment amounts
View your Deferred Tuition loan options and see repayment examples for your Springboard program. Our student-friendly payment plans include fixed monthly payments, total costs, and no prepayment fees
Deferred Tuition Loan Repayment
36 Months
This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.
Monthly In-School Payment:
$0.00
Monthly Post-School Payment:
$466.68
Total Lifetime Cost of Loan:
$17,500
Desposit due to Springboard:
$700
Interest Rate:
10.50%
Annual Percentage Rate:
8.23%
Borrowed Amount:
$13,674.50
Example assumes the student is financing the full tuition amount with an Ascent Deferred Tuition loan. No interest accrues while in the program and for six months after program completion, then repayment and interest accrual begins.
Deferred Tuition Loan Repayment
36 Months
This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.
Monthly In-School Payment:
$0.00
Monthly Post-School Payment:
$397.22
Total Lifetime Cost of Loan:
$15,000
Desposit due to Springboard:
$700
Interest Rate:
10.50%
Annual Percentage Rate:
8.23%
Borrowed Amount:
$11,639.50
Example assumes the student is financing the full tuition amount with an Ascent Deferred Tuition loan. No interest accrues while in the program and for six months after program completion, then repayment and interest accrual begins.
Deferred Tuition Loan Repayment
36 Months
This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.
Monthly In-School Payment:
$0.00
Monthly Post-School Payment:
$361.12
Total Lifetime Cost of Loan:
$13,500
Desposit due to Springboard:
$500.00
Interest Rate:
10.50%
Annual Percentage Rate:
8.23%
Borrowed Amount:
$10,581.50
Example assumes the student is financing the full tuition amount with an Ascent Deferred Tuition loan. No interest accrues while in the program and for six months after program completion, then repayment and interest accrual begins.
Deferred Tuition Loan Repayment
36 Months
This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.
Monthly In-School Payment:
$0.00
Monthly Post-School Payment:
$383.34
Total Lifetime Cost of Loan:
$14,500.00
Desposit due to Springboard:
$700
Interest Rate:
10.50%
Annual Percentage Rate:
8.23%
Borrowed Amount:
$11,232.50
Example assumes the student is financing the full tuition amount with an Ascent Deferred Tuition loan. No interest accrues while in the program and for six months after program completion, then repayment and interest accrual begins.
Deferred Tuition Loan Repayment
36 Months
This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.
Monthly In-School Payment:
$0.00
Monthly Post-School Payment:
$411.12
Total Lifetime Cost of Loan:
$15,500.00
Desposit due to Springboard:
$700
Interest Rate:
10.50%
Annual Percentage Rate:
8.23%
Borrowed Amount:
$12,046.50
Example assumes the student is financing the full tuition amount with an Ascent Deferred Tuition loan. No interest accrues while in the program and for six months after program completion, then repayment and interest accrual begins.
Deferred Tuition Loan Repayment
36 Months
This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.
Monthly In-School Payment:
$0.00
Monthly Post-School Payment:
$383.05
Total Lifetime Cost of Loan:
$14,490
Desposit due to Springboard:
$700
Interest Rate:
10.50%
Annual Percentage Rate:
7.47%
Borrowed Amount:
$11,224
Example assumes the student is financing the full tuition amount with an Ascent Deferred Tuition loan. No interest accrues while in the program and for six months after program completion, then repayment and interest accrual begins.
Deferred Tuition Loan Repayment
36 Months
This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.
Monthly In-School Payment:
$0.00
Monthly Post-School Payment:
$263.89
Total Lifetime Cost of Loan:
$10,000
Desposit due to Springboard:
$500
Interest Rate:
10.50%
Annual Percentage Rate:
8.23%
Borrowed Amount:
$7,732.50
Example assumes the student is financing the full tuition amount with an Ascent Deferred Tuition loan. No interest accrues while in the program and for six months after program completion, then repayment and interest accrual begins.
Deferred Tuition Loan Repayment
36 Months
This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.
Monthly In-School Payment:
$0.00
Monthly Post-School Payment:
$397.22
Total Lifetime Cost of Loan:
$15,000
Desposit due to Springboard:
$700
Interest Rate:
10.50%
Annual Percentage Rate:
7.47%
Borrowed Amount:
$11,639.50
Example assumes the student is financing the full tuition amount with an Ascent Deferred Tuition loan. No interest accrues while in the program and for six months after program completion, then repayment and interest accrual begins.
Deferred Tuition Loan Repayment
36 Months
This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.
Monthly In-School Payment:
$0.00
Monthly Post-School Payment:
$383.34
Total Lifetime Cost of Loan:
$14,500
Desposit due to Springboard:
$700
Interest Rate:
10.50%
Annual Percentage Rate:
8.23%
Borrowed Amount:
$11,232.50
Example assumes the student is financing the full tuition amount with an Ascent Deferred Tuition loan. No interest accrues while in the program and for six months after program completion, then repayment and interest accrual begins.
Frequently asked loan questions
The Deferred Tuition loan option is available to students who meet the requirements of the Springboard Guarantee. Please get in touch with a Springboard Admissions advisor for more details. Ascent qualification depends on your credit profile. Applicants must be U.S. citizens or permanent residents with established credit history and no outstanding education loan defaults. You can also choose to add a cosigner, which can help strengthen your application’s credit health or meet U.S. citizenship requirements. Minimum credit requirements may vary by school and loan term. To see if you pre-qualify for Ascent Deferred Tuition financing, submit an application. In the pre-qualification process, we’ll conduct a soft credit check with no impact on your credit score. In addition to learning more about your eligibility, you can also see the rates and terms you pre-qualify for.
No, payments are not required during school and while you’re in the six-month job search period.
You have several options, including automated payments! After you apply, we’ll help you set up your repayment account. You’ll make your first payment when you receive a qualifying job offer, or six months after completing your program, whichever comes first.
You’ll make monthly payments for 36 months, and we’re happy to say there’s no prepayment penalty or fee for early payments. You can choose to pay the minimum monthly payment, or you can make larger payments. If you choose to make larger monthly payments, you will incur less interest and your total Deferred Tuition loan cost will be less. You have the flexibility to pay off your loan anytime before your loan term ends!
If you do not find a job during the six-month job search period, you may defer repayment for up to an additional six months. Please get in touch with your servicer.
Launch Servicing is the servicer for your Deferred Tuition loan. This means Launch will collect your monthly payments during the repayment phase of your loan. Need to pay your loan? Have a question about repayment on an existing loan? Visit Launch online or at 877-354-2629.
Once you’ve begun full repayment (after the grace and/or interest only period), your loan term will be 36 months.
Yes, you can pre-pay your loan at any time without penalty. You will actually incur less interest and bring down the total cost of your Deferred Tuition loan by paying back your loan more quickly. Get in touch with Launch Servicing for details.
You will be charged an origination fee of 5.0%. This will be added to the amount you borrow and is included in the total loan principal amount you finance. It helps cover the administrative fees associated with originating the Deferred Tuition loan. It is the only fee charged for taking out this loan. The APR for Ascent loans includes the origination fee and interest rate. See rates and repayment examples by program
Interest rate:
10.5%, regardless of credit score
Annual Percentage Rate:
Cyber Security Career Track - 8.23%
Data Analytics Career Track - 8.23%
Data Engineering Career Track - 8.23%
Data Science Career Track - 8.23%
Data Science Career Track Plus - 8.23%
Machine Learning Engineering Career Track - 8.23%
Software Engineering Career Track - 7.47%
UI/UX Design Career Track - 7.47%
UX Career Track - 8.23%
Note that no interest accrues while you study and during the up to six month period before you begin repayment. See rates and repayment examples by program
Springboard offers a refund policy in certain situations. Please refer to the Springboard Job Guarantee. Please note that the Deferred Tuition Loan option is available to students who meet the requirements of the Springboard Guarantee. Please get in touch with a Springboard Admissions representative for more details.
If you meet the requirements of the Springboard Job Guarantee and do not find a qualifying job within six months, your loan will be canceled and you will owe nothing. If you do not meet the requirements of the Springboard Job Guarantee and do not find a qualifying job within six months, you may continue to defer payments on a monthly basis for up to an additional six months with your loan servicer. If after one year you still do not have a qualifying job offer, you will begin repayment one year after completing your program.
If you withdraw from your program within the seven-day refund period, your Deferred Tuition loan will be refunded and you will owe nothing. If you withdraw after the seven-day refund period, you will be charged a prorated amount per month, as determined by Springboard. You will have a three-month grace period after withdrawing from your program before you begin making payments, then you’ll make 36 monthly payments that total the prorated amount you owe.
Yes, you can add a cosigner to your Deferred Tuition loan. There are two ways to qualify for an Ascent loan: on your own, or with a cosigner. Depending upon your credit health, a cosigner might be required. Cosigners may strengthen your application’s overall credit health. If you’re concerned about your eligibility for an Ascent loan, consider adding a cosigner with strong credit health. Additionally, a student who is not a U.S. citizen or U.S. permanent resident or has Deferred Action for Childhood Arrival (DACA) status may apply with a creditworthy cosigner who is a U.S. citizen or U.S. permanent resident.
We’ve made this process easy. You can choose to add a cosigner before you submit your loan application, or may be given the option to add a cosigner after you apply.
If you’d like to add a cosigner when you apply, you can select this option in the application. If your cosigner is with you, they can start their portion of the application right away. If not, we’ll send them an email asking them to complete their part. Your cosigner’s portion of the application will look very similar to yours.
We’ll keep you and your cosigner updated on the status of your application throughout the process. You’ll receive an email or a notification in the application if you or your cosigner have any required steps to take.
Richland State Bank, member FDIC, is the lender for all Ascent bootcamp loans.
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For any additional questions, please complete this form.
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