Ascent Student Loan Rates: Independent Non-Cosigned Loans

 

The following examples illustrate three hypothetical first year single disbursement undergraduate student loans in the amount of $10,000, with a 0.25%  Automatic Debit Discount during periods in which payments are made, 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 between 4.00% 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 2.306%, which may adjust monthly.  Your interest rate may increase or decrease, based on LIBOR quarterly changes, resulting in an APR range between 5.72% and 13.01%.  Fixed rate loans have an APR range between 7.20% and 13.90%.

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. The following table shows a 48 month in-school period plus 6 months of grace prior to a full repayment term of either: 120-months (highest fixed rate/lowest variable rate) or 180-months (highest variable rate) with examples of Deferred repayment options.

Ascent Independent Variable Rate

(Rates are effective as of 12/01/2018.)

 MINIMUM (LOWEST RATE) PAYMENT EXAMPLE AT 10-YEAR REPAYMENT TERM

Repayment Option APR No. of Payments In-School/Grace …Thereafter Total Cost
Deferred Repayment 5.72% n/a 120 @ $141.69 $17,002.80

MAXIMUM (HIGHEST RATE) PAYMENT EXAMPLE AT 15-YEAR REPAYMENT TERM

Repayment Option APR No. of Payments In-School/Grace …Thereafter Total Cost
Deferred Repayment 13.01% n/a 180 @ $226.74 $40,813.20

Ascent Independent Fixed Rate

(Rates are effective as of 12/01/2018.)

 MINIMUM (LOWEST RATE) PAYMENT EXAMPLE AT 10-YEAR REPAYMENT TERM

Repayment Option APR No. of Payments In-School/Grace …Thereafter Total Cost
Deferred Repayment 7.20% n/a 120 @ $161.89 $19,426.80

MAXIMUM (HIGHEST RATE) PAYMENT EXAMPLE AT 10-YEAR REPAYMENT TERM

Repayment Option APR No. of Payments In-School/Grace …Thereafter Total Cost
Deferred Repayment 13.90% n/a 120 @ $288.19 $34,582.80