Ascent Blog: Tag: financial aid

How Long Does FAFSA Take to Process?
Jan 31, 2024 | By: Breanna Knight
Categories: Blog, For College Students, For High School Students, For Parents and Cosigners
How long does the FAFSA take to process? We've compiled a quick reference guide on how long it takes to… Read More
Featured Image
Student Aid Index (SAI) vs. EFC – What’s the Difference?
Jan 25, 2024 | By: Breanna Knight
Categories: Blog, For Schools, For College Students, For Parents and Cosigners
Understanding your financial aid options is one of the most challenging steps for students and families when applying to colleges.… Read More
Featured Image
FAFSA Simplification Act: Changes to the FAFSA
Dec 21, 2023 | By: Breanna Knight
Categories: Blog, For Students, For Cosigners, For Schools, For College Students, For High School Students, For Parents and Cosigners, For Grad Students
Ascent Funding walks you through the changes that will be happening to the FAFSA with the FAFSA Simplification Act. Read More
Fafsa Simplification Act: Changes to the Fafsa | Ascent Funding
When is FAFSA Due for the 2024-25 School Year? Deadlines & FAQs for Students
Dec 20, 2023 | By: Ascent
Categories: Blog, For Students, For Cosigners, For College Students, For High School Students, For Parents and Cosigners
Worried about missing important FAFSA deadlines for the upcoming school year? Ascent Funding outlines all of the financial aid deadlines… Read More
When is FAFSA due for the 2024-2025 school year?
The Different Types of Financial Aid Explained: Loans, Grants, & Work-Study Programs
Oct 19, 2023 | By: Breanna Knight
Categories: Blog, For Students, For Cosigners, For Schools, For College Students, For Grad Students
Types of Financial Aid Explained: Learn about the different types of financial aid available for students, including loans, grants, and… Read More
Financial Decisions to Make Your Future Self Proud 
Jun 15, 2023 | By: Ascent
Categories: Blog, For Students, For College Students, For High School Students, For Parents and Cosigners, For Grad Students
Take the stress out of financial planning for college students with these five key steps. Read More
Female college student sitting on floor of her apartment understanding financial decisions
6 Tips to Research & Apply for a Private Student Loan
May 17, 2023 | By: Breanna Knight
Categories: Blog, For Students, For College Students
Private student loans can be a daunting task, here's how students can research and apply for a private student loan. Read More
Private Student Loan blog feature image
Using Your Student Loans For Living Expenses
Dec 20, 2022 | By: Breanna Knight
Categories: Blog, For Students, For College Students
Loans can be tricky. You might find yourself searching for a loan, choosing between different types of loans, selecting a… Read More
Man looks at papers and types into a calculator.
Guide to Financial Aid Award Letters for Students
Dec 06, 2022 | By: Ascent
Categories: Blog, For Students, For College Students
You received your college financial aid award letter, but what does it mean? Learn more about how to read your… Read More
Student looking at piece of paper
What Are Parent PLUS Loans? Know the Facts
Mar 15, 2022 | By: Ascent
Categories: Blog, For Students, For Cosigners
What are Parent PLUS loans, and should you look into one? Ascent Funding breaks down what Parent PLUS loans are… Read More
1 2

What type of loan are you looking for?

Checking your rate will not impact your credit score.

school

College Loan

For students seeking their undergraduate or graduate degree from a university or college.

Apply for College Loan
laptop

Bootcamp Loan

For students attending a coding bootcamp school pursuing a degree in technology, professional training, or licensure training.

Apply for Bootcamp Loan
{ “@context”: “https://schema.org”, “@type”: “FAQPage”, “mainEntity”: [{ “@type”: “Question”, “name”: “What Are Parent PLUS Loans?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “The federal Parent PLUS loan is one of several undergraduate student loans offered by the Department of Education (DOE). Families can use Parent PLUS loans to cover the cost of standard undergraduate programs and graduate programs at traditional colleges and universities. The PLUS loan for parents is part of the William D. Ford Federal Loan (Direct Loan) Program. To receive a Parent Plus loan, parents must complete a Direct Plus Loan Master Promissory Note (Direct Plus Loan MPN) and go through an online application process. From there, you will go through an evaluation process, and the federal government will determine if you are eligible to receive the loan.” } },{ “@type”: “Question”, “name”: “What Is the Interest Rate of Parent PLUS Loans?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “So, how do Parent PLUS loans work in regards to interest rates? Parent PLUS loans have a fixed interest rate, but that rate may change depending on the loan’s disbursement. On July 1, the new rate will take effect for the next academic year. Loans disbursed between July 1, 2021, and July 1, 2022, will have an interest rate of 6.28%. It’s important to distinguish between unsubsidized and subsidized loans. The government pays the interest that accrues for subsidized loans while your child is in school at least part-time. However, the Parent PLUS loan is unsubsidized, which means you may be responsible for the interest that accrues during the loan’s entire lifetime.” } },{ “@type”: “Question”, “name”: “How Do Parent PLUS Loans Work?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “Most schools require parents to submit the PLUS loan application. You can find the application online at StudentLoans.gov, but it’s important to check with your child’s school first. Some schools have different requirements and application processes you’ll need to follow. The loan can’t be borrowed by anyone else or transferred into another person’s name, including the student you are supporting. You, the cosigner, will also be solely responsible for repaying the loan. It will not show up on your student’s credit or show on their credit history since this is not a cosigned student loan. You can also borrow up to the total cost of your child’s expenses after financial aid. If you haven’t completed the Free Application for Federal Student Aid (FAFSA), make sure you complete the application before you apply for the Parent PLUS loan. Through the Parent PLUS Loan, you can borrow up to your child’s total cost of attendance. It’s up to your child’s school to determine what that “total cost” figure will be.” } }] }