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
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.University of North Carolina at Charlotte
For a limited time: we've discounted our rates
Don’t miss out: take advantage of our lowest college loan rates this year, starting at 3.69% APR*
Apply Now
Low Fixed Rates
4.29% - 15.96%
3.69% - 14.71%
*Rates displayed above are effective as of 09/03/2024 and reflect an Automatic Payment Discount of 0.25% on credit-based loans when you enroll in automatic payments. The Full P&I (Immediate) Repayment option is only available for college loans (except for outcomes-based loans) originated on or after June 3, 2024. For more information, see repayment examples or review the Automatic Payment Discount Terms and Conditions. The final amount approved depends on the borrower's credit history, verifiable cost of attendance as certified by an eligible school and is subject to credit approval and verification of application information. Lowest interest rates require full principal and interest payments, the shortest loan term, a cosigner, and are only available for our most creditworthy applicants and cosigners with the highest average credit scores. Actual APR offered may be higher or lower than the repayment examples below, based on the amount of time you spend in school and any grace period you have before repayment begins.
Ascent's Undergraduate Student Loans
Ascent helps you cover up to 100% of your cost of attendance and other school-related expenses (up to $200,000*) at over 2,200 colleges nationwide by offering undergraduate loans for students.
*The minimum loan amount is $2,001, except for the state of Massachusetts. The minimum loan amount for borrowers with a Massachusetts permanent address is $6,001. The maximum loan amount is $200,000 for credit-based loans and $20,000 for outcomes-based loans ($200,000 aggregate total for all loans). The final amount approved depends on the borrower’s credit history, verifiable cost of attendance as certified by an eligible school and is subject to credit approval and verification of application information.
Cosigned
Credit-Based Loan
For students with a creditworthy cosigner
Variable* APR6.01% - 15.47%
Fixed* APR3.69% - 14.71%
ELIGIBILITY:
Enrolled at least half-time at an eligible school
Must be a U.S. citizen, U.S. permanent resident or have a Deferred Action for Childhood Arrival (DACA) status
Must have an eligible cosigner who is a U.S. citizen or U.S. permanent resident
International students also may apply with a creditworthy cosigner who is a U.S. citizen or U.S. permanent resident. - See eligibility requirements.
REPAYMENT OPTIONS (available while enrolled at least half-time at an eligible school and during Grace Period)*:
Postpone full principal and interest payments up to 9-months after graduation or leaving the program, or otherwise dropping to less than half-time enrollment status
Parent
Credit-Based Loan
For parents, grandparents, guardians, and sponsors with a student attending an eligible school
Variable* APR5.76% - 16.12%
Fixed* APR4.40% - 15.56%
ELIGIBILITY:
Must be a U.S. citizen or permanent resident
Must be a parent, grandparent, guardian, or sponsor with an eligible student who is enrolled less than half-time, half-time or full-time at a degree-granting, Title IV, Ascent eligible school
Meet the minimum credit score and income requirements
REPAYMENT OPTIONS
Interest-Only Repayment
Immediate Repayment
See repayment examples
TERMS*:
5, 7, 10, 12 or 15-Years
(No penalty for early repayment)
Non-Cosigned
Credit-Based Loan
For students without a cosigner who qualify based on credit and minimum income
Variable* APR9.17% - 15.07%
Fixed* APR8.49% - 14.31%
ELIGIBILITY:
Enrolled at least half-time at an eligible school
Must be a U.S. citizen, U.S.permanent resident or have a Deferred Action for Childhood Arrival (DACA) status with a valid social security number
Must have at least 2 years of credit history and meet credit and minimum income requirements
REPAYMENT OPTIONS (available while enrolled at least half-time at an eligible school and during Grace Period)*:
Deferred Repayment
Interest-Only Repayment
$25 Minimum Payment
Immediate Repayment*
See repayment examples
TERMS*:
5, 7, 10, 12 or 15-Years
(No penalty for early repayment)
GRACE PERIOD:
Postpone full principal and interest payments up to 9-months after graduation or leaving the program, or otherwise dropping to less than half-time enrollment status
Non-Cosigned
Outcomes-Based Loan
For juniors and seniors who meet our credit criteria
Variable* APR13.48% - 15.42%
Fixed* APR12.86% - 14.85%
ELIGIBILITY:
Enrolled as a junior or senior full-time OR half-time within 9-months of graduation at an eligible school
Must be a U.S. citizen, U.S. permanent resident or have a Deferred Action for Childhood Arrival (DACA) status with a valid social security number
Must maintain GPA of 3.0+ AND meet your school’s Satisfactory Academic Performance (SAP)
REPAYMENT OPTIONS (available while enrolled at least half-time at an eligible school and during Grace Period)*:
Deferred Repayment
See repayment examples
TERMS*:
10 or 15-Years
(No penalty for early repayment)
GRACE PERIOD:
Postpone full principal and interest payments up to 9-months after graduation or leaving the program, or otherwise dropping to less than half-time enrollment status
*Rates displayed above are effective as of 09/03/2024 and reflect an Automatic Payment Discount of 0.25% on credit-based loans and 1.00% discount on outcomes-based loans when you enroll in automatic payments. The Full P&I (Immediate) Repayment option is only available for college loans (except for outcomes-based loans) originated on or after June 3, 2024. For more information, see repayment examples or review the Automatic Payment Discount Terms and Conditions. The final amount approved depends on the borrower's credit history, verifiable cost of attendance as certified by an eligible school and is subject to credit approval and verification of application information. Lowest interest rates require full principal and interest payments, the shortest loan term, a cosigner, and are only available for our most creditworthy applicants and cosigners with the highest average credit scores. Actual APR offered may be higher or lower than the repayment examples below, based on the amount of time you spend in school and any grace period you have before repayment begins.
We’ve got your (cash)back – and even more exclusive benefits.
Ascent provides more opportunities for you and your family to apply for private undergraduate student loans with or without a cosigner, and our parent student loans, as well as these exclusive benefits.
Choose between fixed or variable interest rates.
Start payments up to 9 months after graduation (depending on the loan you choose) and if you need to make lower payments after graduation, consider our Progressive Repayment option.
1.00% automatic debit discount for Ascent’s Non-Cosigned Outcomes-Based Loans (all credit-based loans are eligible for a 0.25% discount).
No application, origination, or disbursem*nt fees AND there’s no penalty if you pay off your loan early.
Ascent offers tips and resources that go beyond student loans to help you thrive in school and after graduation.
New 7 and 12-year repayment terms in addition to 5, 10, 15 and 20-year terms (depending on the loan you choose). See repayment examples
Apply for Ascent’s Non-Cosigned Outcomes-Based Loan (for eligible juniors and seniors), or apply to release your cosigner after making 12 consecutive, full principal and interest payments on-time or an equivalent amount and meeting other criteria.
Stay up to date with your student loan and make payments using our AscentConnect mobile app. Download it today from the Apple App Store or Google Play Store.
1% Cash Back Reward upon graduation.
Ascent’s undergraduate borrowers get access to expert coaching and easy-to-use resources to help you complete your degree and launch a rewarding career.
Ascent’s parent student loans are eligible for the full P&I (immediate) and interest only repayment options and do not qualify for the 1% cash back graduation reward.
How to get your undergraduate student loan
You’ve already put a lot of work into preparing for college.
Submit your pre-qualification
We ask you to provide important information such as your name, address, date of birth, the school you’re applying to, and employment information. If you’re applying with a cosigner, they’ll also enter their information.
Customize your loan details
Once your completed loan application is approved, you’ll be able to view your loan details and select the loan terms that work best for you.
Complete any open loan tasks in your Ascent portal
After you choose your loan terms, complete any loan application tasks in your Ascent portal.
We pay the school
When your portal tasks are complete, we’ll send your loan for school certification. Once certified, we’ll disburse your funds directly to the school.
Get Started
When do I need a cosigner?
If you don't qualify for an undergraduate 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 twelve (12) consecutive, full principal and interest payments on-time or an equivalent prepayment amount 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 Ascent's loan servicer, 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
How else does Ascent help students and families?
Private undergraduate student loans should expand your possibilities, not limit them. That’s why Ascent offers even more ways for you to earn money throughout the year.
Earn an Amazon.com Gift Card1for each friend you refer to Ascent.
Tips & tools for financial success
To help you borrow responsibly, we incorporate financial wellness into our student loan application process and give you exclusive access to tips and resources to prepare you for financial success in college and after graduation.
Resources
5 Ways to Get a Loan Without a CosignerWhat is Financial Wellness?4 Student Loan Tips for College GradsRead More
We’re proud to provide award-winning loans for lifelong learners.
Have questions about Ascent’s undergraduate loans?
We have answers.
Ascent is the leading provider of innovative financial products and student support services that enable more students to access education and achieve academic and economic success.
Students attending an eligible institution and enrolled at least half-timein a degree programmay apply for an Ascent loan.
The maximum loan amount for an Ascent loan is limited to the total cost of attendance for a period not to exceed one full academic year, including any financial aid you receive, as certified by your school. Note: Your maximum loan amount may be less than the amount requested on your application due to school certification or other underwriting factors.
Minimum: $2,001*
Maximum (aggregate total): $200,000 for Undergraduate Loans; $400,000 for Graduate Loans
Student borrowers may borrow up to their institution’s cost of attendance as certified by the school and may not exceed the aggregate loan limits as stated above except for Ascent’s Undergraduate Non-Cosigned Outcomes-Based Loan, which has a maximum of $20,000 for the academic year.
*The loan minimum amount is $2,001 except for the state of Massachusetts. Minimum loan amount for borrowers with a Massachusetts permanent address is $6,001.
Not necessarily. Ascent considers several factors including: creditworthiness, school, program, graduation date, major, GPA, cost of attendance, and other factors that allow for undergraduate students to potentially obtain Ascent’s Non-Cosigned Outcomes-Based Loan in their own name without a cosigner. Nevertheless, applying with a cosigner may result in a lower interest rate.
Students who have Deferred Action for Childhood Arrival (DACA) status or who are not a U.S. citizen or U.S. permanent resident must apply with a creditworthy cosigner who is a U.S. citizen or U.S. permanent resident.
The average federal student loan debt is $37,853 per borrower. Outstanding private student loan debt totals $128.8 billion. The average student borrows over $30,000 to pursue a bachelor's degree.
For federal direct student loans, undergraduates can borrow up to $12,500 annually and up to $57,500 total. Graduate students can borrow up to $20,500 annually and $138,500 total, including their undergraduate borrowing. Federal PLUS loans are capped at your school's total cost of attendance.
The average student loan debt for bachelor's degree recipients was $29,400 for the 2021-22 school year, according to the College Board. Among all borrowers, the average balance is $38,787, according to 2023 data from Experian, one of the three national credit bureaus.
There may still be ways to pay for college if financial aid isn't enough. Scholarships, grants, part-time jobs and private student loans can all help cover the gap—or you might choose to attend a more affordable college. The right path for you will depend on your college goals and financial situation.
Data Summary. The average federal student loan debt in the U.S. is about $37,850. 1 in 5 federal student loan borrowers (20%) is 50 or older. In 2019-2020, the average student loan amount borrowed for a four-year bachelor's degree was $30,500.
What is the monthly payment on a $70,000 student loan? The monthly payment on a $70,000 student loan ranges from $742 to $6,285, depending on the APR and how long the loan lasts. For example, if you take out a $70,000 student loan and pay it back in 10 years at an APR of 5%, your monthly payment will be $742.
Data Summary. The average federal student loan payment is about $302 for bachelor's and $208 for associate degree-completers. The average monthly repayment for master's degree-holders is about $688.
Your monthly payments shouldn't exceed 10% of your total gross income. With the free online Loan Simulator, you can play around and see what your monthly student loan payments might look like.
College students are regretting taking out student loans before they even leave school, a new report from WalletHub revealed on Tuesday. Roughly 61 percent of college students said they regretted how much they borrowed with student loans, according to the report.
For most students, there will not be enough financial aid to cover the full cost of tuition, unless the parents borrow a Federal Parent PLUS loan. The financial aid will be based on financial need, which is usually less than the cost of attendance.
If you're a recent college graduate with a mountain of student loan debt — say $100,000 or more — paying off such a large amount could be a major struggle. For example, if you're making payments on federal student loans under the standard 10-year repayment plan, your minimum monthly payment might be quite daunting.
According to the Federal Reserve, 30-39-year-olds have an average student loan debt of $42,014. 40-49-year-olds possess an average student loan debt of $44,798. In 2022, under 30-year-olds took out an average of $23,795 in student loans per year.
If you racked up $30,000 in student loan debt, you're right in line with typical numbers: the average student loan balance per borrower is $33,654. Compared to others who have six-figures worth of debt, that loan balance isn't too bad. However, your student loans can still be a significant burden.
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