Ascent Student Loan Rates & Repayment Examples

Rates are effective as of 05/27/2020 and reflect an Automatic Payment Discount. Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month (See Terms & Conditions).

The following examples illustrate three hypothetical first year single disbursement in the amount of $10,000 including (i) the Annual Percentage Rate (APR), (ii) estimated monthly payments, and (iii) total cost during the life of the private loan. Variable rate loans are based on a margin plus the 1-Month London Interbank Offered Rate (LIBOR) rounded to the nearest 1/100th of a percent. The current LIBOR is 0.667% which may adjust monthly. Your actual student loan interest rate may be different than what is shown in the examples below and will be based on your credit history, selected repayment option, and other factors. For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1 (See Terms & Conditions).

 

UNDERGRADUATE                                      GRADUATE                                    DENTAL                                      MEDICAL

 

Ascent Undergraduate

Your variable interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 3.17% and 13.92%.  Fixed rate loans will not increase or decrease over the life of the loan and have an APR range between 3.98% and 14.92%. Rates reflect an Automatic Payment Discount of 0.25% on the lowest offered rate and a 2.00% discount on the highest offered rate. The following table shows a 48 month in-school period plus 9 months of grace prior to a full repayment term of either: 60-months (lowest fixed/variable rate), 120-months (highest fixed rate) or 180-months (highest variable rate) with examples of (i) Interest Only payments, (ii) $25 Minimum payments, and (iii) Deferred repayment options.

 

UNDERGRADUATE VARIABLE RATES

Minimum (Lowest Variable Rate) Payment Example at 5-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 3.32% 57 @ $27.67 60 @ $181.13 $12,445.52
$25 Minimum Payment 3.30% 57 @ $25.00 60 @ $183.88 $12,457.80
Deferred Repayment 3.17% n/a 60 @ $209.65 $12,571.12

Maximum (Highest Variable Rate) Payment Example at 15-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 13.92% 57 @ $116.00 180 @ $132.69 $30,498.42
$25 Minimum Payment 12.63% 57 @ $25.00 180 @ $201.46 $37,687.80
Deferred Repayment 13.38% n/a 180 @ $243.04 $43,128.84

UNDERGRADUATE FIXED RATES

Minimum (Lowest Fixed Rate) Payment Example at 5-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 4.22% 57 @ $35.17 60 @ $185.18 $13,116.16
$25 Minimum Payment 4.14% 57 @ $25.00 60 @ $195.90 $13,179.00
Deferred Repayment 3.98% n/a 60 @ $222.23 $13,324.49

Maximum (Highest Fixed Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 14.92% 57 @ $124.33 120 @ $160.91 $26,398.40
$25 Minimum Payment 13.23% 57 @ $25.00 120 @ $251.95 $31,659.00
Deferred Repayment 14.50% n/a 120 @ $313.99 $37,423.90

 

Ascent Graduate (Graduate, MBA & Law)

Your variable interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 5.71% and 11.17%. Fixed rate loans will not increase or decrease over the life of the loan and have an APR range between 6.64% and 11.92%. Rates reflect an Automatic Payment Discount of 0.25%. The following table shows a 36 month in-school period plus 9 months of grace prior to a full repayment term of either: 120-months (lowest fixed/variable rate and highest fixed rate), or 180-months (highest variable rate) with examples of (i) Interest Only payments, (ii) $25 Minimum payments, and (iii) Deferred repayment options.

 

GRADUATE VARIABLE RATES

Minimum (Lowest Variable Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 5.92% 45 @ $49.33 120 @ $110.64 $15,497.60
$25 Minimum Payment 5.79% 45 @ $25.00 120 @ $122.75 $15,855.00
Deferred Repayment 5.71% n/a 120 @ $135.71 $16,285.20

Maximum (Highest Variable Rate) Payment Example at 15-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 11.17% 45 @ $93.08 180 @ $114.76 $24,847.19
$25 Minimum Payment 10.82% 45 @ $25.00 180 @ $153.07 $28,677.60
Deferred Repayment 11.02% n/a 180 @ $171.68 $30,902.40

GRADUATE FIXED RATES

Minimum (Lowest Fixed Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 6.92% 45 @ $57.67 120 @ $115.72 $16,482.65
$25 Minimum Payment 6.71% 45 @ $25.00 120 @ $132.72 $17,051.40
Deferred Repayment 6.64% n/a 120 @ $146.48 $17,577.60

Maximum (Highest Fixed Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 11.92% 45 @ $99.33 120 @ $143.06 $21,638.96
$25 Minimum Payment 11.36% 45 @ $25.00 120 @ $194.17 $24,425.40
Deferred Repayment 11.55% n/a 120 @ $216.92 $26,030.40

 

Ascent Dental

Your variable interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 5.53% and 11.42%. Fixed rate loans will not increase or decrease over the life of the loan and have an APR range between 6.40% and 11.92%. Rates reflect an Automatic Payment Discount of 0.25%. The following table shows a 48 month in-school period plus 12 months of grace prior to a full repayment term of either: 120-months (lowest fixed/variable rate and highest fixed rate), or 240-months (highest variable rate) with examples of (i) Interest Only payments, (ii) $25 Minimum payments, and (iii) Deferred repayment options.

 

DENTAL VARIABLE RATES

Minimum (Lowest Variable Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 5.92% 60 @ $49.33 120 @ $111.19 $16,303.55
$25 Minimum Payment 5.71% 60 @ $25.00 120 @ $127.32 $16,778.40
Deferred Repayment 5.53% n/a 120 @ $143.91 $17,269.20

Maximum (Highest Variable Rate) Payment Example at 20-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 11.42% 60 @ $95.17 240 @ $107.15 $31,428.02
$25 Minimum Payment 10.80% 60 @ $25.00 240 @ $155.60 $38,844.00
Deferred Repayment 10.80% n/a 240 @ $175.92 $42,220.80

DENTAL FIXED RATES

Minimum (Lowest Fixed Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 6.92% 60 @ $57.67 120 @ $116.40 $17,429.30
$25 Minimum Payment 6.60% 60 @ $25.00 120 @ $139.05 $18,186.00
Deferred Repayment 6.40% n/a 120 @ $156.40 $18,768.00

Maximum (Highest Fixed Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 11.92% 60 @ $99.33 120 @ $144.50 $23,301.71
$25 Minimum Payment 10.97% 60 @ $25.00 120 @ $212.15 $26,958.00
Deferred Repayment 10.89% n/a 120 @ $238.01 $28,561.20

 

Ascent Medical

Your variable interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 5.33% and 11.42%. Fixed rate loans will not increase or decrease over the life of the loan and have an APR range between 6.14% and 11.92%. Rates reflect an Automatic Payment Discount of 0.25%. The following table shows a 48 month in-school period plus 36 months of grace prior to a full repayment term of either: 120-months (lowest fixed/variable rate and highest fixed rate), or 240-months (highest variable rate) with examples of (i) Interest Only payments, (ii) $25 Minimum payments, and (iii) Deferred repayment options.

 

MEDICAL VARIABLE RATES

Minimum (Lowest Variable Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 5.92% 84 @ $49.33 120 @ $111.19 $17,487.47
$25 Minimum Payment 5.59% 84 @ $25.00 120 @ $133.78 $18,153.60
Deferred Repayment 5.33% n/a 120 @ $157.01 $18,841.20

Maximum (Highest Variable Rate) Payment Example at 20-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 11.42% 84 @ $95.17 240 @ $107.15 $33,712.10
$25 Minimum Payment 10.34% 84 @ $25.00 240 @ $174.30 $43,932.00
Deferred Repayment 10.24% n/a 240 @ $202.04 $48,489.60

MEDICAL FIXED RATES

Minimum (Lowest Fixed Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 6.92% 84 @ $57.67 120 @ $116.40 $18,813.38
$25 Minimum Payment 6.43% 84 @ $25.00 120 @ $148.12 $19,874.40
Deferred Repayment 6.14% n/a 120 @ $172.41 $20,689.20

Maximum (Highest Fixed Rate) Payment Example at 10-Year Repayment Term

Repayment Option APR No. of Payments
In-School/Grace
No. of Payments
After Graduation
Total Cost
Interest Only Repayment 11.92% 84 @ $99.33 120 @ $144.50 $25,685.63
$25 Minimum Payment 10.41% 84 @ $25.00 120 @ $238.64 $30,736.80
Deferred Repayment 10.22% n/a 120 @ $274.25 $32,910.00