You’re more than a credit score

Juniors, seniors and grad students: If you lack sufficient credit history
to qualify for a loan on your own, you may still be eligible for an
Ascent future income-based student loan without a cosigner.

Get Started

Eligibility Requirements

How it works
4 simple steps –
NO application fees.

Getting your student loans shouldn’t be complicated. From your first application to your final payment, we’re committed to helping you every step of the way.

  • Apply to see your pre-qualified rate
  • Customize your loan
  • Upload your documents
  • Get that money – if approved & certified

Am I eligible for a future income-based student loan without a cosigner?

Student borrowers with no credit score, as well as student borrowers that pass the minimum credit requirements but fail income or repayment capacity requirements for the loan product may qualify on the basis of several alternative factors which may include: school, program, graduation date, major, cost of attendance, and other factors that could allow for students to obtain a non-cosigned future income-based loan in their own name without a cosigner.  Students obtaining a loan in their own name without a cosigner must:

  • Be a college junior, senior or graduate student enrolled full-time (or with an expected graduation date within 9-months of the date the loan application is submitted) in a degree program at an eligible institution.
  • Be a U.S. citizen or have U.S. permanent resident status.
  • Have satisfactory academic performance of 2.5 GPA or greater and meeting their school’s SAP requirements.
  • Be at least 18 years of age or at the age of majority in the respective state of residence.

Ascent benefits put students first

Non-cosigned option

You have the opportunity to qualify for a student loan without a cosigner and build credit in your own name.

Flexible payment options

You can choose from affordable fixed or variable rate, customize your repayment terms, and pay off your loan early without any penalty.

Benefits that put you first

We cover up to 100% of your costs of attendance. Plus, you can get 1% cash back at graduation, and a discount if you set up automatic payments.

Choose from affordable fixed or variable rates

Ascent offers private student loans without a cosigner at competitive rates.

Fixed APR

4.09% - 13.03%*

  • You make the same payment every month
  • Your interest rate is set the day you apply, and doesn’t change
Variable APR

3.14% - 11.88%*

  • Your payment may be more or less every month
  • Your interest rate may vary with market conditions

*Rates are effective as of 03/01/2020 and reflect an Automatic Payment Discount of 0.25% on the lowest offered rate and a 2.00% discount on the highest offered rate when you enroll in automatic payments. See repayment examples >

See Ascent Terms and Conditions>

More ways to customize your student loan without a cosigner

  • Repayment Terms
    • Flexible 10-year or 15-year repayment terms. There’s no penalty for early repayment.

      NOTE: Ascent borrowers who choose a non-cosigned future income-based loan 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
    • Deferred Repayment: Start payments up to six months after leaving school. Ascent repayment examples.

    • Graduated Repayment: Start with lower payments after graduation that slowly increase over time to fulfill the original loan term. Learn More

  • Discounts
    • 0.25% Automatic Payment Discount applied when eligible borrowers are making automatic payments on their Ascent non-cosigned credit-based student loan via auto debit from their personal checking account.
    • 2.00% Automatic Payment Discount applied when eligible borrowers are making automatic payments on their Ascent non-cosigned future income-based student loan via auto debit from their personal checking account.
    • 1% Cash Back Graduation Reward upon satisfaction of certain terms and conditions.
  • Loan Amounts
    • Minimum: $1,000
      Maximum: $200,000 (aggregate)
      Maximum for academic year:: $200,000 for credit-based loans; $20,000 for non-cosigned future income-based loans

      NOTE: Because the non-cosigned future income-based loan is available to students without any reliance on cosigners, processing times may be longer and loan amounts may be lower than the loan amount requested.

Tips & tools for finanacial success

It’s wrong to lose your financial freedom before you’ve even had a chance to earn it! To help you borrow responsibly, we incorporate financial education into our application process and give you exclusive access to tools and content to help you get set for financial success.

Have questions about student loans without a cosigner?
We’ve got answers.

From your first application to your final payment, we’re committed to helping you every step of the way. Our 100% U.S.-based Ascent Customer Service team is here for you. Call us toll-free at 877-216-0876,email us at [email protected], or check out our top FAQs below:



What are the credit requirements for an Ascent Student Loan without a cosigner?

Ascent’s credit decisioning criteria is proprietary and subject to change, but you can check what rates you pre-qualify for in just four (4) steps without impacting your credit score. We consider credit history and several other factors including, but not limited to, credit score:

 

  • Non-Cosigned Credit-Based Loan
        • Student borrowers must have more than two (2) years of credit history with a minimum credit score.

     

  • Non-Cosigned Future Income-Based Loan
    • Eligible student borrowers with no credit score, or eligible students that meet a minimum credit score with or without two (2) years of credit history. (See Non-Cosigned Future Income-Based Loan eligibility requirements.)

What are the Ascent income requirements for students without a cosigner?

If you are a student borrower with or without a cosigner AND have less than 2 credit history:

  • THERE IS NO MINIMUM INCOME REQUIREMENT. Instead, they are evaluated based on their school of attendance, program, major and other criteria that does not consider current annual income.

If you are a student borrower without a cosigner and have at least 2 years credit and make a gross annual income of $24,000:

  • You will be tested against the following criteria to determine your eligibility for the most favorable rates and terms available:
      • Must meet a monthly debt-to-income (DTI) ratio.
      • Must submit satisfactory proof-of-income.

NOTE – Ascent applicants without a cosigner AND less than two (2) years of non-student loan credit history are not tested against any minimum current annual income criteria.  Instead, they are evaluated based on their school of attendance, program, major and other criteria that does not consider current annual income.   

Can I qualify for an Ascent loan without a cosigner if I’m not full-time?

Students enrolled full-time or at least half-time at an eligible institution may qualify. Certain limitations may apply for such applicants that apply without a cosigner.

Ascent is recognized as a leading national private student loan program for non-cosigned loans based on future income