For Schools

With proven service offerings and a team of student loan industry experts, we provide distinct private loan products to match a school’s precise funding needs.

Giving Schools Better Solutions

Giving schools better solutions.

Ascent Student Loans are designed to accommodate most, and in some cases all, of your student population.

Cover funding gaps.

Get the financing you need to bolster your most successful academic programs.

Recruit and retain key students.

Our broader credit tiers give students more approval opportunity than other private student loan providers.

Customize your financing solutions.

Our diverse service offerings are designed to meet the specific needs of your school.

Expand the brand.

We offer flexible financial solutions to enhance your school’s domestic and international global brand.

Improve marketing initiatives.

Our team can help your school deliver tailored marketing materials and support.

Get fast assistance.

Our 100% U.S. based customer service features a dedicated senior account manager who provides responsive, collaborative service to help maximize your school’s success.

Partner with Ascent

For schools and partners interested in learning more about our Ascent Student Loans, including eligibility requirements, please contact our Business Development Team:

Call: 877-216-0876

Email: [email protected]

Lender Code: 777775

AY 2019/2020 Cosigned &
Non-Cosigned Loan Options


1% Cash Back Graduation Reward upon satisfaction of certain terms and conditions.
More details >

Affordable Rates

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 1.780%, which may adjust monthly. Your interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an Annual Percentage (APR) range between 3.28% and 12.59%.

Fixed rate loans have an APR range between 4.26% and 13.22% 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 01/01/2020 and include a 0.25% discount applied when a borrower in repayment elects automatic debit payments via their personal checking account.
Repayment Example >

Repayment Terms

Flexible 5-year, 10-year or 15-year repayment terms. There’s no penalty for early repayment.

Ascent 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).

Ascent borrowers who choose a non-cosigned option with a fixed rate may ONLY select a loan term of ten (10) years (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.

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.
Repayment Example >


0.25% interest rate reduction for payments made via Automatic Debit.

Forget Fees

No origination, disbursement, or loan application fees.

Loan Amounts

Minimum: $2,000
Maximum for academic year: $200,000 for credit tested loans; $20,000 for non-credit tested loans
Maximum: $200,000 (aggregate)


We consider several factors which may include: 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.

Cosigner Release

You can apply to release your cosigner after making the first twenty-four (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, including meeting the program requirements for a solo student borrower, as well as electing to make payments via Automatic Debit. The student borrower must make the request to release a cosigner directly with the Lender or Servicer.

The option to apply to release the cosigner is only available to student borrowers that are U.S. citizens or have U.S. permanent resident status.