Ascent Tuition is a student loan that may help you pay for college with the help of a cosigner.
Ascent Tuition is a student loan that may help you pay for college with the help of a cosigner.
Every student’s situation is different, so we created the Ascent Tuition cosigned loan to help you get the additional money you need.
Check your eligibility to apply in under a minute
Have a better chance to qualify for a lower interest rate
Customize your loan - pay after leaving school*
Release your cosigner after 24 consecutive on-time payments
If you can’t qualify for a loan in your own name for the full amount you need, applying with a creditworthy cosigner may help you qualify for a lower interest rate. Cosigners have an obligation to make payments should you default. 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. (See cosigner release details below).
Once you release your cosigner, you can build credit history in your own name.
We care about your success so we offer you access to free financial tools to help you borrow responsibly and reach your goals.
FIXED APR: 5.38% – 14.46%
With an Ascent Tuition fixed rate loan, you make the same payment every month. Your interest rate is set the day you apply, and does not change no matter how much the market fluctuates.
VARIABLE APR: 4.26% – 13.26%
With an Ascent Tuition variable rate loan, your payment may be more or less every month. Your interest rates may increase or decrease as the market changes over time.
Ascent Tuition fixed rate loans are offered with an Annual Percentage Rate (APR) range of 5.38% – 14.46%.
Variable rates are calculated using 1-month LIBOR rate plus a margin between 2.00% – 11.00% resulting in an Annual Percentage Rate (APR) range of 4.26% – 13.26%.
*Rates effective as of 02/01/2019 and include a 0.25% discount applied when a borrower in repayment elects automatic debit payments via their personal checking account.
Rewards*
1% Cash Back Graduation Reward upon satisfaction of certain terms and conditions. Click here for more details.
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). 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
Click here for Ascent Tuition repayment examples.
Discount
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: $200,000 (aggregate)
Eligibility
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.
Note: 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.
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 us toll-free 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.
NOTE: 1% Cash Back Graduation Reward subject to terms and conditions, click here for details.
The Ascent Independent loan is only offered with a Deferred Repayment option during the In-School period.
Active Duty Military Deferment
A borrower is eligible for an Active Duty Military Deferment upon submitting an application for such and eligible documentation to the repayment Servicer showing that he or she is serving on active duty during a war or other military operation or national emergency or performing qualifying National Guard duty during a war or other military operation or national emergency.In-School Deferment
Student borrowers that have exited an In-School Status, either by separating from school (or dropping to less than half-time enrollment) and subsequently entering a repayment status prior to re-establishing at least half-time enrollment at an eligible institution, or by using the maximum allowable months of In-School Status, may be eligible for an In-School Deferment. Student borrowers must apply for an In-School deferment, and eligibility is based on verification of at least half-time enrollment at an eligible institution.Residency / Internship Deferment
Student borrowers may be eligible for a Residency / Internship Deferment if the student:Temporary Hardship Forbearance
Borrowers experiencing periods of financial difficulty may be granted forbearance. The forbearance period duration may be from a minimum of one (1) month to a maximum of three (3) months. A borrower may apply for up to four (4) consecutive periods of Temporary Hardship Forbearance. A maximum of twenty four (24) total months of Temporary Hardship Forbearance may be granted during the life of the loan. Interest shall continue to accrue on loans during periods of authorized forbearance. Unpaid interest is capitalized when the forbearance period ends.Administrative Forbearance
An administrative forbearance may be used for temporary suspension of collection activity while researching borrower disputes, awaiting bankruptcy and death documents, or for other circumstances as approved by the Lender. Interest shall continue to accrue on loans during periods of authorized forbearance. Unpaid interest is capitalized when the forbearance period ends.