Fund your future
Ascent helps Thinkful students pay tuition. We offer simple, straightforward loans and monthly payment plans. You deserve a valuable education, and we think financing it should be easy.
Submit an application without impacting your credit score. Get pre-qualified in minutes, choose your financing, and get started on your career-transforming program.
Real reviews from real customers
Flexible Payment Options
Loans built with you in mind
Interest-Only Repayment
Make interest-only payments in school and for three months after.
See example
Immediate Repayment
Start making full payments about one month after your program starts.
See example
Preview loan & payment amounts
View your loan options and see repayment examples for your Thinkful program. All of our student-friendly payment plans include transparent monthly payments, fixed rates, and no prepayment fees.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $8,600.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$48.91
Monthly Post-School Payment:
$276.76
Total Lifetime Cost of Loan:
$10,403.55
Interest Rate
6.50%
Annual Percentage Rate:
8.79%
Example assumes a $8,600 loan with interest-only repayment, 8.79% estimated APR, 9 interest-only monthly payments of $48.91, followed by 36 full monthly payments of $276.76. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$276.76
Total Lifetime Cost of Loan:
$9,963.36
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $8,600 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $276.76. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$324.31
Total Lifetime Cost of Loan:
$11,675.30
Interest Rate
10.50%
Annual Percentage Rate:
12.31%
Example assumes a $8,600 loan with deferred tuition loan repayment, 12.31% estimated APR, no payments while in school/grace for 12 months, followed by 36 full monthly payments of $324.31. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $10,000.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$56.88
Monthly Post-School Payment:
$321.81
Total Lifetime Cost of Loan:
$12,097.08
Interest Rate
6.50%
Annual Percentage Rate:
8.79%
Example assumes a $10,000 loan with interest-only repayment, 8.79% estimated APR, 9 interest-only monthly payments of $56.88, followed by 36 full monthly payments of $321.81. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$321.81
Total Lifetime Cost of Loan:
$11,585.16
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $10,000 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $321.81. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$377.11
Total Lifetime Cost of Loan:
$13,575.96
Interest Rate
10.50%
Annual Percentage Rate:
12.31%
Example assumes a $10,000 loan with deferred tuition loan repayment, 12.31% estimated APR, no payments while in school/grace for 12 months, followed by 36 full monthly payments of $377.11. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $10,000.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$56.88
Monthly Post-School Payment:
$321.82
Total Lifetime Cost of Loan:
$11,926.59
Interest Rate
6.50%
Annual Percentage Rate:
9.05%
Example assumes a $10,000 loan with interest-only repayment, 9.05% estimated APR, 6 interest-only monthly payments of $56.88, followed by 36 full monthly payments of $321.82. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$321.82
Total Lifetime Cost of Loan:
$11,585.34
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $10,000 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $321.82. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$368.15
Total Lifetime Cost of Loan:
$13,253.44
Interest Rate
10.50%
Annual Percentage Rate:
12.41%
Example assumes a $10,000 loan with deferred tuition loan repayment, 12.41% estimated APR, no payments while in school/grace for 9 months, followed by 36 full monthly payments of $368.15. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $6,200.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$35.26
Monthly Post-School Payment:
$199.53
Total Lifetime Cost of Loan:
$7,465.16
Interest Rate
6.50%
Annual Percentage Rate:
8.87%
Example assumes a $6,200 loan with interest-only repayment, 8.87% estimated APR, 8 interest-only monthly payments of $35.26, followed by 36 full monthly payments of $199.53. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$199.53
Total Lifetime Cost of Loan:
$7,182.90
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $6,200 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $199.53. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$231.96
Total Lifetime Cost of Loan:
$8,350.45
Interest Rate
10.50%
Annual Percentage Rate:
12.41%
Example assumes a $6,200 loan with deferred tuition loan repayment, 12.41% estimated APR, no payments while in school/grace for 11 months, followed by 36 full monthly payments of $231.96. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $6,200.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$35.26
Monthly Post-School Payment:
$199.53
Total Lifetime Cost of Loan:
$7,500.42
Interest Rate
6.50%
Annual Percentage Rate:
8.79%
Example assumes a $6,200 loan with interest-only repayment, 8.79% estimated APR, 9 interest-only monthly payments of $35.26, followed by 36 full monthly payments of $199.53. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$199.53
Total Lifetime Cost of Loan:
$7,182.90
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $6,200 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $199.53. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$233.81
Total Lifetime Cost of Loan:
$8,417.09
Interest Rate
10.50%
Annual Percentage Rate:
12.31%
Example assumes a $6,200 loan with deferred tuition loan repayment, 12.31% estimated APR, no payments while in school/grace for 12 months, followed by 36 full monthly payments of $233.81. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $17,600.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$100.10
Monthly Post-School Payment:
$566.39
Total Lifetime Cost of Loan:
$21,190.98
Interest Rate
6.50%
Annual Percentage Rate:
8.87%
Example assumes a $17,600 loan with interest-only repayment, 8.87% estimated APR, 8 interest-only monthly payments of $100.10, followed by 36 full monthly payments of $566.39. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$566.39
Total Lifetime Cost of Loan:
$20,390.18
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $17,600 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $566.39. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$658.46
Total Lifetime Cost of Loan:
$23,704.45
Interest Rate
10.50%
Annual Percentage Rate:
12.41%
Example assumes a $17,600 loan with deferred tuition loan repayment, 12.41% estimated APR, no payments while in school/grace for 11 months, followed by 36 full monthly payments of $658.46. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $10,000.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$56.88
Monthly Post-School Payment:
$321.81
Total Lifetime Cost of Loan:
$12,097.08
Interest Rate
6.50%
Annual Percentage Rate:
8.79%
Example assumes a $10,000 loan with interest-only repayment, 8.79% estimated APR, 9 interest-only monthly payments of $56.88, followed by 36 full monthly payments of $321.81. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$321.81
Total Lifetime Cost of Loan:
$11,585.16
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $10,000 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $321.81. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$377.11
Total Lifetime Cost of Loan:
$13,575.96
Interest Rate
10.50%
Annual Percentage Rate:
12.31%
Example assumes a $10,000 loan with deferred tuition loan repayment, 12.31% estimated APR, no payments while in school/grace for 12 months, followed by 36 full monthly payments of $377.11. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $8,300.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$47.21
Monthly Post-School Payment:
$267.11
Total Lifetime Cost of Loan:
$9,851.85
Interest Rate
6.50%
Annual Percentage Rate:
9.15%
Example assumes a $8,300 loan with interest-only repayment, 9.15% estimated APR, 5 interest-only monthly payments of $47.21, followed by 36 full monthly payments of $267.11. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$267.11
Total Lifetime Cost of Loan:
$9,615.82
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $8,300 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $267.11. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$303.09
Total Lifetime Cost of Loan:
$10,911.13
Interest Rate
10.50%
Annual Percentage Rate:
12.72%
Example assumes a $8,300 loan with deferred tuition loan repayment, 12.72% estimated APR, no payments while in school/grace for 8 months, followed by 36 full monthly payments of $303.09. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $6,200.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$35.26
Monthly Post-School Payment:
$199.53
Total Lifetime Cost of Loan:
$7,394.64
Interest Rate
6.50%
Annual Percentage Rate:
9.05%
Example assumes a $6,200 loan with interest-only repayment, 9.05% estimated APR, 6 interest-only monthly payments of $35.26, followed by 36 full monthly payments of $199.53. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$199.53
Total Lifetime Cost of Loan:
$7,182.90
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $6,200 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $199.53. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$228.25
Total Lifetime Cost of Loan:
$8,217.14
Interest Rate
10.50%
Annual Percentage Rate:
12.61%
Example assumes a $6,200 loan with deferred tuition loan repayment, 12.61% estimated APR, no payments while in school/grace for 9 months, followed by 36 full monthly payments of $228.25. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $20,000.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$113.75
Monthly Post-School Payment:
$643.63
Total Lifetime Cost of Loan:
$24,080.64
Interest Rate
6.50%
Annual Percentage Rate:
8.87%
Example assumes a $20,000 loan with interest-only repayment, 8.87% estimated APR, 8 interest-only monthly payments of $113.75, followed by 36 full monthly payments of $643.63. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$643.63
Total Lifetime Cost of Loan:
$23,170.64
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $20,000 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $643.63. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$748.25
Total Lifetime Cost of Loan:
$26,936.89
Interest Rate
10.50%
Annual Percentage Rate:
12.41%
Example assumes a $20,000 loan with deferred tuition loan repayment, 12.41% estimated APR, no payments while in school/grace for 11 months, followed by 36 full monthly payments of $748.25. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $10,000.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$56.88
Monthly Post-School Payment:
$321.81
Total Lifetime Cost of Loan:
$12,097.08
Interest Rate
6.50%
Annual Percentage Rate:
8.79%
Example assumes a $10,000 loan with interest-only repayment, 8.79% estimated APR, 9 interest-only monthly payments of $56.88, followed by 36 full monthly payments of $321.81. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$321.81
Total Lifetime Cost of Loan:
$11,585.16
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $10,000 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $321.81. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$377.11
Total Lifetime Cost of Loan:
$13,575.96
Interest Rate
10.50%
Annual Percentage Rate:
12.31%
Example assumes a $10,000 loan with deferred tuition loan repayment, 12.31% estimated APR, no payments while in school/grace for 12 months, followed by 36 full monthly payments of $377.11. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $13,600.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$77.35
Monthly Post-School Payment:
$437.67
Total Lifetime Cost of Loan:
$16,297.50
Interest Rate
6.50%
Annual Percentage Rate:
8.95%
Example assumes a $13,600 loan with interest-only repayment, 8.95% estimated APR, 7 interest-only monthly payments of $77.35, followed by 36 full monthly payments of $437.67. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$437.67
Total Lifetime Cost of Loan:
$15,756.05
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $13,600 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $437.67. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$504.75
Total Lifetime Cost of Loan:
$18,170.89
Interest Rate
10.50%
Annual Percentage Rate:
12.51%
Example assumes a $13,600 loan with deferred tuition loan repayment, 12.51% estimated APR, no payments while in school/grace for 10 months, followed by 36 full monthly payments of $504.75. See high/low rates and repayment examples.
HOW MUCH CAN I BORROW FOR TUITION?
From $2,000 up to $13,500.
WHAT WILL MY LOAN PAYMENTS BE?
See below for example loan options and payments.
Interest-Only Repayment
36 Months
This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.
Monthly In-School Payment:
$76.78
Monthly Post-School Payment:
$434.45
Total Lifetime Cost of Loan:
$16,254.45
Interest Rate
6.50%
Annual Percentage Rate:
8.87%
Example assumes a $13,500 loan with interest-only repayment, 8.87% estimated APR, 8 interest-only monthly payments of $76.78, followed by 36 full monthly payments of $434.45. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
Immediate Repayment
36 Months
This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.
Monthly Payment Amount:
$434.45
Total Lifetime Cost of Loan:
$15,640.20
Interest Rate
6.50%
Annual Percentage Rate:
9.82%
Example assumes a $13,500 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $434.45. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.
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:
$505.07
Total Lifetime Cost of Loan:
$18,182.41
Interest Rate
10.50%
Annual Percentage Rate:
12.41%
Example assumes a $13,500 loan with deferred tuition loan repayment, 12.41% estimated APR, no payments while in school/grace for 11 months, followed by 36 full monthly payments of $505.07. See high/low rates and repayment examples.
Frequently asked loan questions
Yes, you can add a cosigner to your 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. In some scenarios, adding a cosigner may reduce your interest rate and lower your payments. 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.
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 loan. It is the only fee charged for taking out this loan, and it affects your loan’s Annual Percentage Rate. See repayment examples
Interest-Only and Immediate Repayment:
Interest Rates: 6.50% - 13.75% depending on credit score
Annual Percentage Rate: 8.64% - 17.21%
Deferred Tuition Loan:
Interest Rate: 10.5% for all approved borrowers
Annual Percentage Rate: 12.13% - 13.38% depending on when the student begins repayment
Interest-Only Loans: Monthly interest payments are required.
Immediate Repayment Loans: Yes, full payments (interest + principal) are mandatory roughly one month after your program starts.
Deferred Tuition Loans: No, payments are not required in school.
Once you’ve begun full repayment (after the grace and/or interest only period), your loan term will be 36 months. See example
You have several options, including automated payments! After you apply for a loan, we’ll help you set up your repayment account. You’ll make your first payment about one month after your program starts (interest-only & immediate repayment) or up to a year after your program ends (deferred tuition loans).
You’ll make monthly payments until your loan is fully repaid, and we’re happy to say there’s no prepayment penalty or fee for early payments on Ascent loans. You can choose to pay the minimum monthly payment, or you can make larger payments. You have the flexibility to pay off your loan anytime before your loan term ends!
Ascent offers three repayment options.
- Interest-only loans allow you to hold on to more of your savings during your training. You’ll start making low, interest-only payments about one month after your program starts and continue those payments for three months after the program ends. After this interest-only period, you’ll start making full payments (interest + principal).
- Immediate repayment loans allow you to quickly get started on repayment. You’ll start making full payments about one month after your program starts.
- Deferred Tuition loans allow you to defer repayment for up to a year after you complete your program, or when you receive a qualifying job offer (as determined by the Thinkful Tuition Refund Guarantee).
Aspire and Launch are the loan servicers for Ascent’s loans. This means Aspire or Launch will collect your monthly payments during the repayment phase of your loan. All loans applied for on or before June 9th, 2019 will be serviced by Aspire. All loans applied for on or after June 10th, 2019 will be serviced by Launch.
Need to pay your loan? Have a question about repayment on an existing loan?
- If you applied for your loan on or before June 9th, 2019, visit Aspire online or at 1-800-243-7552.
- If you applied for your loan on or after June 10th, 2019, visit Launch online or at 877-354-2629.
Thinkful offers a refund policy in certain situations. Please refer to the Thinkful Tuition Refund Guarantee.
For the Deferred Tuition Loan, if you meet the requirements of the Thinkful Tuition Refund Guarantee and do not find a qualifying job within six months, your loan will be cancelled and you will owe nothing. If you do not meet the requirements of the Thinkful Tuition Refund Guarantee and do not find a qualifying job within six months, you may continue to defer payments on a monthly basis for another 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.
For Interest-Only or Immediate Repayment loans, you will immediately begin making full (interest + principal) payments when you withdraw from your program.
For the Deferred Tuition Loan, you will have a 3 month grace period after withdrawing from your program before you begin making payments.
With an Interest-Only Repayment or Immediate Repayment Loan, you’ll begin repayment on a predetermined date. You can choose whether to make full payments once you start your program, or make interest-only payments while you study and for a 3-month grace period after you graduate. Also, the interest rate for this option varies depending on your credit profile, and the Annual Percentage Rate range is between 8.64% and 17.21%.
With a Deferred Tuition Loan combined with the Thinkful Tuition Refund Guarantee, you won't make payments until you receive an offer for a qualifying position making at least $40,000 annually or $3,333/month pre-tax for 3 months or more. Once you receive a qualifying job/contract offer, you'll begin making full (interest + principal) payments. If you do not receive a qualifying offer within six months of completing your program and you meet the requirements of the Thinkful Tuition Refund Guarantee, your loan will be canceled and you will owe nothing.
See repayment examples
Qualification depends on credit profile. Applicants must be U.S. citizens or permanent residents with established credit history & 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 an Ascent loan, submit an application. In the pre-qualification process, we’ll conduct a soft credit check with no impact to your credit score. In addition to learning more about your eligibility, you can also see the rates and terms you pre-qualify for.
Richland State Bank, member FDIC, is the lender for all Ascent bootcamp loans.
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