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
When do I need a cosigner?
If you don’t qualify for a loan in your own name or for the full amount needed to cover your expenses, please consider applying with a creditworthy cosigner. Cosigners have an obligation to make payments should you default. You can apply to release your cosigner after making the first 24 consecutive, regularly scheduled full principal and interest payments on-time and meeting the other eligibility criteria to qualify for the loan without a cosigner, including meeting the program requirements for a solo student borrower, as well as electing to make payments via Automatic Debit. The student borrower must make the request to release a cosigner directly with Launch Servicing or the loan holder.
Note: The option to apply to release the cosigner is only available to student borrowers that are U.S. citizens or have U.S. permanent resident status and is not available to DACA students.
Ascent puts you and your family first
Cosigner release option
Build credit in your own name when you apply to release your cosigner after 24 payments and meeting other criteria.
Flexible payment options
Choose from affordable fixed or variable rates, customize your repayment terms, and pay off your loan early without any penalty.
Benefits that put you first
Cover up to 100% of your costs 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 credit-based cosigned private student loans at competitive rates.
Fixed APR
3.39% - 14.50%*
- You make the same payment every month
- Your interest rate is set the day you apply, and doesn’t change
Variable APR
2.46% - 12.98%*
- Your payment may be more or less each month
- Your interest rate may vary with market conditions
*Rates displayed above are effective as of 12/01/2020 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 cosigned student loan
- Repayment Terms
- Flexible 5, 7, 10, 12 or 15-year repayment terms.
There’s no penalty for early repayment. Ascent borrowers who choose a fixed rate option may ONLY select a loan term of 5, 7, 10 or 12-years.
- Flexible 5, 7, 10, 12 or 15-year repayment terms.
- Repayment Options
- Deferred Repayment: Start payments up to 9 months after leaving school.
- $25 Minimum Repayment
- In-School Interest-Only Repayment
See repayment examples »
- Discounts
- 0.25% Automatic Payment Discount applied when eligible borrowers are making automatic payments on their Ascent cosigned credit-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: $1,000
- Maximum: $200,000 (aggregate)
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 »
Have questions about our cosigned credit-based private student loans?
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:
Can I eventually remove the cosigner from my loan?
Yes. You can apply to release your cosigner after making the first twenty-four (24) consecutive, regularly scheduled full principal and interest payments on-time and meeting the other eligibility criteria to qualify for the loan without a cosigner, including meeting the program requirements for a solo student borrower, as well as electing to make payments via Automatic Debit. The student borrower must make the request to release a cosigner directly with Launch Servicing or the loan holder.
Note: The option to apply to release the cosigner is only available to student borrowers that are U.S. citizens or have U.S. permanent resident status and is not available to DACA students.
What are the eligibility requirements for the Ascent Cosigned Credit-Based Loan option?
- Ascent considers several factors which may include: creditworthiness, school, program, cost of attendance, GPA, and other factors.
- Ascent loans are for college students (both undergraduate and graduate) that are at least half-time enrolled in a degree program at an eligible institution.
- Students applying without a cosigner must be U.S. citizens or have U.S. permanent resident status. DACA students or students that are not a U.S. citizen or U.S. permanent resident may apply with a credit worthy cosigner that is a U.S. citizen or U.S. permanent resident.
What are the Ascent credit requirements for the Cosigned Credit-Based Loan option?
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:
Cosigned Credit-Based Loan
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- Student borrowers must have a minimum credit score. The minimum score required is subject to change and may depend on the credit score of your cosigner.
- Cosigners must have a minimum credit score. The minimum score required is subject to change and may depend on the credit score of your borrower.
The best thing about Ascent is the fact that they make the process easy . I was able to do everything online and the money was sent directly to my school.
Anjellica C.
Northern Arizona University
They talked to me and helped me out in the most possible way. They made sure I got the most that I possibly could.
Rnajee M.
Mississippi State University
Ascent was great because they were able to answer all of my questions. They made getting to college a lot easier for me.
Grace G.
Simmons College