Ascent is an innovative private student loan program that provides access to higher education funding for an expanded population of students, while encouraging the financial wellness of students and their families through financial literacy.

The Ascent Program for Funding Education (“Ascent”) is built around one guiding principle: Student loans should expand your possibilities, not limit them. That’s why we’ve developed our products with students in mind. We believe that higher education is a worthy investment and an opportunity for students to gain financial literacy and security. Ascent looks beyond your credit score and income to give you more opportunities to qualify for a loan and get the money you need to pay for school. As your financial partner, we want to set you up for financial success and help you avoid unnecessary debt. Our team of advisors will be with you every step of the way.

Loan Features

Ascent offers distinct private loan products to meet the needs of both students and schools:

-Ascent Independent Loan for students without a cosigner or current income.
-Ascent Tuition Loan for students utilizing a cosigner.
-Ascent Health Loan for students in approved nursing programs at select schools. Ascent Assured Loan for schools interested in offering a risk-share program.

Application Process

We do everything we can to process loan applications quickly and efficiently but we will likely need your help to speed the process along. First, we will review your credit and in many cases can provide an initial credit result when you and your cosigner (if applicable) submit your application. However, often we will ask you for additional information or documentation before we can approve your loan for funding. If you are applying for an Ascent Independent loan processing times may be longer and approved loan amounts may be significantly lower than the loan amount requested

Repayment Terms

The interest rate is based on a number of factors and may be lower for borrowers that select an Interest Only or $25 Minimum Payment plan rather than a Deferred Repayment plan. Additionally, the interest rate may be lower for a cosigned loan compared to a non-cosigned loan. Borrowers are eligible to receive a 0.25% automatic debit payment interest rate reduction for payments made via automatic debit.
Borrowers lose this benefit after two (2) Nonsufficient Funds (NSF) payments, until they re-qualify and re-enroll in automatic debit payments.

The variable interest rate changes the first of every month with the 1-Month London Interbank Offered Rate (LIBOR) rounded to the nearest 1/100th of a percent. Ascent Tuition and Ascent Independent applicants may choose between a 5-year, 12-year or 15-year* repayment term during the application process. Once the loan is funded, the term may not be changed.

Customer Support

+1 (877)216-0876
Monday – Friday from 7:00AM to 4:00PM (PDT)

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