Best for students with little to no credit history, utilizing a creditworthy cosigner.

With the Ascent Tuition Student Loan, your school can help undergraduate and graduate students attain additional funding to pay for education related expenses. Ascent Tuition was engineered by Goal Structured Solutions, Inc. (GS2) to provide a distinct private loan product that can match your school’s precise funding needs, close gaps in funding and maximize tuition revenue.

 

It’s easy to get started!

Schools can easily add Ascent Tuition to their school profile online through their ELM Select or Great Lakes FASTChoice™ account.

 

What You Should Know

Rewards

1% Cash Back Graduation Reward upon satisfaction of certain terms and conditions. Click here for more details.

Affordable Rates –
Fixed Or Variable

Variable rate loans are based on a margin between 1.90% and 12.50% plus the 1-Month London Interbank Offered Rate (LIBOR) rounded to the nearest 1/100th of a percent. The current LIBOR is 1.716%, which may adjust monthly.  Your interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an Annual Percentage (APR) range between 3.22% and 12.54%.  Fixed rate loans have an APR range between 4.21% and 13.12% based on your credit worthiness and your selected program. Competitive variable rates calculated monthly at the time of loan approval. (Rates are effective as of 12/01/2019 and include a 0.25% discount applied when a borrower in repayment elects automatic debit payments via their personal checking account.)

Discount

0.25% interest rate reduction for payments made via automatic debit.

No Application Fees

No origination, disbursement, or loan application fees.

Repayment Terms

Flexible 5-year, 10-year or 15-year repayment terms. Ascent Tuition borrowers who choose a fixed rate option may ONLY select a loan term of five (5) or ten (10) years (60 or 120 months, respectively).  For certain loans with low balances, the minimum monthly payment amount may cause the loan amortization schedule to be less than the selected term.
There’s no penalty for early repayment.

Repayment Options

  • In-School Interest-Only Repayment: Pay interest only while enrolled at least half-time.
  • Deferred Repayment: Start payments up to six months after leaving school.
  • $25 Minimum Payment: Pay a set monthly payment while enrolled at least half-time.

Click here for Ascent Tuition repayment examples.

Loan Amounts

Minimum:  $2,000
Maximum:  $200,000 (aggregate)

Eligibility

  • We consider several factors including: creditworthiness, school, program, cost of attendance, and other factors.
  • Ascent loans are for college students (both undergraduate and graduate) that are at least half-time enrolled in a degree program at an eligible institution.
  • Students applying without a cosigner must be U.S. citizens or have U.S. permanent resident status. Students that are not a U.S. citizen or U.S. permanent resident may apply with a credit worthy cosigner that is a U.S. citizen or U.S. permanent resident.

Loan Forgiveness & Forbearance

Ascent loans include deferment and forbearance options: Active Duty Military Deferment, In-School Deferment, Residency / Internship Deferment and Temporary Hardship Forbearance. See Terms & Conditions for more details. The loan is forgiven if the student dies or becomes totally and permanently disabled.

Cosigner Release

Students can apply to release their cosigner and continue with the loan in only their name after making the first 24 consecutive regularly scheduled full principal and interest payments on-time and meeting the other eligibility criteria to qualify for the loan without a cosigner.

Help & Support

From your first application to your final payment, we’re committed to helping your every step of the way. Our 100% US-based Ascent Customer Service Team is here for you. Call our toll-free number at 877-216-0876 or email us at [email protected].

Before taking out private student loans, you should explore and compare all financial aid alternatives, including grants, scholarships, and federal student loans and consider your future monthly payments and income. Applying with a cosigner may improve your chance of getting approved and could help you qualify for a lower interest rate. Ascent Student Loans may be funded by Richland State Bank (RSB) or Turnstile Capital Management, LLC (TCM), which are not affiliated entities. Certain restrictions and limitations may apply. Ascent Student Loan products are subject to credit qualification, completion of a loan application, verification of application information and certification of loan amount by a participating school. All loan products may not be available in certain jurisdictions. Other terms and conditions apply. Ascent is a federally registered trademark of TCM and may be used by RSB under limited license. Richland State Bank is a federally registered service mark of Richland State Bank.


  1. Variable rate loans are based on a margin between 1.90% and 12.50% plus the 1-Month London Interbank Offered Rate (LIBOR) rounded to the nearest 1/100th of a percent. The current LIBOR is 1.716%, which may adjust monthly.  Your interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an Annual Percentage (APR) range between 3.22% and 12.54%.  Fixed rate loans have an APR range between 4.21% and 13.12% based on your credit worthiness and your selected program. Competitive variable rates calculated monthly at the time of loan approval. (Rates are effective as of 12/01/2019 and include a 0.25% discount applied when a borrower in repayment elects automatic debit payments via their personal checking account.)

  2. Payments may be deferred. Subject to lender discretion, forbearance and/or deferment options may be available for borrowers who are encountering financial distress.

  3. Making interest only or partial interest payments while in school will not reduce the principal balance of the loan. There are three (3) flexible in-school repayment options that include fully deferred, interest only and $25 minimum repayment.  Click here for a repayment example.

  4. Flexible repayment plans may be offered with up to a fifteen (15) year repayment term for a variable rate loan and ten (10) year repayment term for a fixed rate loan. Students must be enrolled at least half-time at an eligible school. Minimum loan amount of $2,000. Click here for a Tuition repayment example.

  5. Interest rate reduction of 0.25% for enrollment in automatic debit applies only when the borrower and/or cosigner signs up for automatic payments and the regularly scheduled, current amount due (including full, flat, or interest only payments, as applicable) is successfully deducted from the designated bank account each month. Interest rate reduction(s) will not apply during periods when no payment is due, including periods of In-School, Deferment, Grace or Forbearance. If you have two (2) returned payments for Nonsufficient Funds, we may cancel your automatic debit enrollment and you will lose the 0.25% interest rate reduction. You will then need to re-qualify and re-enroll in automatic debit payments in order to receive the 0.25% interest rate reduction.

  6. All applicants (individual and cosigner) are required to complete a brief online financial literacy course as part of the application process to be eligible for funding.

  7. Eligibility, loan amount and other loan terms are dependent on a number of factors which may include: loan product, other financial aid, creditworthiness, school, program, graduation date, major, cost of attendance and other factors. Aggregate loan limits may apply. The cost of attendance is determined and certified by the educational institution.

  8. The legal age for entering into contracts is eighteen (18) years of age in every state except Alabama where it is nineteen (19) years old, Nebraska where it is nineteen (19) years old (only for wards of the state), and Mississippi and Puerto Rico where it is twenty-one (21) years old.

 NOTE: 1% Cash Back Graduation Reward subject to terms and conditions, click here for details.