Ascent is one of the leading student loan providers that has helped thousands of students nationwide achieve their goals of paying for school tuition. As a student-focused lender, Ascent provides distinct private loan products to match a school’s precise funding needs. Launched in 2017, this US-based student loan provider company offers student loans to borrowers in all 50 states.
Ascent understands that every student’s situation is different, and created private student loan programs that give students more opportunities to qualify for a loan with or without a cosigner. It offers two student loan options- cosigned and non-cosigned private student loans for undergraduates. Those who can’t qualify for a loan in their name can go for the cosigned loan. The cosigned loan is good for borrowers who want to use a cosigner and pay off loans fast with lower interest rates. Ascent also offers benefits such as 1% cashback, scholarships, a Refer a Friend Program, a Rewards Program, and more.
From Our Partner Lenders
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| Year of Establishment | 2005 | 2001 | 2013 |
| Student Loan Size | $22.9 Billion | $26 Billion | $4.5 billion |
| Loan types | Undergraduate, Career Training, Parent Loans, K12 Loans, MBA, Medical School, Medical Residency, Dental School, Dental Residency, Law School, Bar Study, Graduate | All Graduate/Undergraduate studentswith atleast half-time enrolled in a degree program at an eligible institution. | Undergraduate, graduate, MBA, law, dental, medical, international, refinancing, parent refinancing |
| Rate types | Fixed and Variable | Fixed and Variable | Fixed and variable |
| Interest Rates* | "Variable: 2.75% - 10.65%, Fixed :4.74% - 11.85%" | Variable: 3.14% - 11.88%*, Fixed:4.09%- 13.03% * | Variable: 2.74% ( Starting), fixed : 4.39% ( Starting) |
| Loan terms (Years) | 5, 10, 15 | 5, 10, 15 | 5, 10, 15 |
| Loan amounts | $1000 up to the cost of attendance | $2,000 to $200,000 | $5,000 to school-certified cost of attendance |
| Application or origination fees | No Fees | No Fees | No Fees |
| Discounts | Autopay | Autopay | Autopay |
| Repayment Options | - In-school interest only - in-school fixed -in-school deferment - immediate repayment | "In-School Interest Only, Pay Deferred Repayment Minimum Payment ($25)" | Yes, options available |
| Deferment or forbearance hardship options | Available | Available | Available |
| Co-signer release ( Months plus timely payment) | 12 Months | 24 Months | No Cosignor release |
| BBB rating | A+ | A+ | A+ |
*As per last Update on 3/13/2020
