Ascent Rates & Repayment Examples

Rates are effective as of 10/13/2020 and reflect an Automatic Payment Discount.

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 0.152% 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. Automatic Payment Discount is available when you enroll in automatic payments from your personal checking account and the amount is successfully withdrawn from the authorized bank account each month.

Ascent Undergraduate

Your variable interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 2.69% and 12.98%.  Fixed rate loans will not increase or decrease over the life of the loan and have an APR range between 3.53% and 14.50%. 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), 144-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.

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 2.80% 57 @ $23.33 60 @ $178.81 $12,058.86
$25 Minimum Payment 2.80% 57 @ $25.00 60 @ $176.99 $12,044.40
Deferred Repayment* 2.69% N/A* 60 @ $202.57 $12,146.74

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 12.40% 57 @ $103.33 180 @ $122.64 $27,967.00
$25 Minimum Payment 11.40% 57 @ $25.00 180 @ $177.37 $33,351.60
Deferred Repayment* 12.98% N/A* 180 @ $233.54 $41,455.99

*For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1. (See Terms & Conditions)

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 3.71% 57 @ $30.92 60 @ $182.88 $12,735.83
$25 Minimum Payment 3.67% 57 @ $25.00 60 @ $189.04 $12,767.40
Deferred Repayment* 3.53% N/A* 60 @ $215.05 $12,894.45

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 13.42% 57 @ $111.83 120 @ $140.12 $26,553.74
$25 Minimum Payment 12.14% 57 @ $25.00 120 @ $209.43 $31,582.92
Deferred Repayment* 14.50% N/A* 120 @ $313.99 $37,423.90

*For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1. (See Terms & Conditions)

Ascent Graduate (Graduate, MBA & Law)

Your variable interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 3.65% and 12.40%. Fixed rate loans will not increase or decrease over the life of the loan and have an APR range between 4.56% and 13.42%. 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: 84-months (lowest fixed/variable rate), 144-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.

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 3.65% 45 @ $30.42 120 @ $135.10 $12,717.88
$25 Minimum Payment 3.87% 45 @ $25.00 120 @ $140.84 $12,955.56
Deferred Repayment* 4.00% N/A* 120 @ $159.15 $13,316.62

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 12.40% 45 @ $103.33 180 @ $122.64 $26,727.04
$25 Minimum Payment 11.68% 45 @ $25.00 180 @ $165.85 $30,978.00
Deferred Repayment* 11.51% N/A* 180 @ $180.10 $31,947.38

*For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1. (See Terms & Conditions)

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 4.56% 45 @ $38.00 120 @ $139.30 $13,411.93
$25 Minimum Payment 4.73% 45 @ $25.00 120 @ $149.99 $13,724.16
Deferred Repayment* 4.84% N/A* 120 @ $168.87 $14,129.85

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 13.42% 45 @ $111.83 120 @ $140.12 $25,211.78
$25 Minimum Payment 12.48% 45 @ $25.00 120 @ $194.85 $29,183.40
Deferred Repayment* 12.29% N/A* 120 @ $210.98 $30,073.41

*For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1. (See Terms & Conditions)

Ascent Dental

Your variable interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 3.65% and 12.40%. Fixed rate loans will not increase or decrease over the life of the loan and have an APR range between 4.56% and 13.42%. 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: 84-months (lowest fixed/variable rate), 144-months (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.

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 3.65% 60 @ $30.42 120 @ $135.10 $13,174.18
$25 Minimum Payment 3.85% 60 @ $25.00 120 @ $142.37 $13,459.08
Deferred Repayment* 3.93% N/A* 120 @ $166.07 $13,912.41

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 12.40% 60 @ $103.33 240 @ $112.95 $33,309.79
$25 Minimum Payment 11.42% 60 @ $25.00 240 @ $165.98 $41,335.20
Deferred Repayment* 11.21% N/A* 240 @ $183.24 $43,013.07

*For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1. (See Terms & Conditions)

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 4.56% 60 @ $38.00 120 @ $139.30 $13,981.93
$25 Minimum Payment 4.69% 60 @ $25.00 120 @ $153.17 $14,366.28
Deferred Repayment* 4.74% N/A* 120 @ $177.61 $14,878.77

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 13.42% 60 @ $111.83 120 @ $140.12 $26,889.23
$25 Minimum Payment 12.06% 60 @ $25.00 120 @ $213.06 $32,180.64
Deferred Repayment* 11.80% N/A* 120 @ $234.22 $33,434.37

*For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1. (See Terms & Conditions)

Ascent Medical

Your variable interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 3.65% and 12.40%. Fixed rate loans will not increase or decrease over the life of the loan and have an APR range between 4.56% and 13.42%. 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: 84-months (lowest fixed/variable rate), 144-months (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.

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 3.65% 84 @ $30.42 120 @ $135.10 $13,904.26
$25 Minimum Payment 3.82% 84 @ $25.00 120 @ $144.82 $14,264.88
Deferred Repayment* 3.82% N/A* 120 @ $177.14 $14,866.64

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 12.40% 84 @ $103.33 240 @ $112.95 $35,789.71
$25 Minimum Payment 10.90% 84 @ $25.00 240 @ $187.21 $47,030.40
Deferred Repayment* 10.62% N/A* 240 @ $210.97 $49,694.60

*For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1. (See Terms & Conditions)

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 4.56% 84 @ $38.00 120 @ $139.30 $14,893.93
$25 Minimum Payment 4.62% 84 @ $25.00 120 @ $158.25 $15,393.00
Deferred Repayment* 4.58% N/A* 120 @ $191.60 $16,078.43

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 13.42% 84 @ $111.83 120 @ $140.12 $29,573.15
$25 Minimum Payment 11.41% 84 @ $25.00 120 @ $242.25 $36,984.00
Deferred Repayment* 11.06% N/A* 120 @ $271.48 $38,826.03

*For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1. (See Terms & Conditions)

Your actual student loan interest rate may be different than what is shown in the examples above and will be based on your credit history, selected repayment option, and other factors.