Cosigned student loans
designed with you in mind

Every student’s situation is different, so if you can’t qualify
for a loan in your own name, our cosigned loan can help.

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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.

  • Complete your application
  • Upload your documents
  • Select your loan offer
  • Get that money – if approved & certified

When do I need a cosigner for a student loan?

If you don’t qualify for a loan in your own name or for the full amount needed to cover your expenses, please consider applying with a creditworthy cosigner.

Cosigners have an obligation to make payments should you default. You can apply to release your cosigner after making the 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.

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Ascent benefits put students and families first

1

Cosigner release option

You have the opportunity to build credit in your own name when you apply to release your cosigner after 24 payments and meeting other criteria.

2

Flexible payment options

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

3

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 cosigned private student loans at competitive rates.

Fixed APR

4.21% - 13.12%*

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

3.22% - 12.54%*

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

*Rates effective as of 12/01/2019 and include a 0.25% discount when you enroll in automatic payments.
Repayment Examples >

More ways to customize your cosigned student loan

  • 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).
  • Repayment Options
    • 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.
    • In-School Interest-Only Repayment: Pay interest only while enrolled at least half-time. See repayment examples.
  • Discounts
    • 0.25% interest rate reduction for enrolling in automatic payments.
    • 1% Cash Back Graduation Reward upon satisfaction of certain terms and conditions.
  • Loan Amounts
    • Minimum:$2,000
    • Maximum: $200,000 (aggregate)

Tips & tools for financial 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 cosigned student loans?
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:


Can I eventually remove the cosigner from my loan?

Yes. You can apply to release your cosigner 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, 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.

What are the eligibility requirements for the Ascent cosigned loan option?

  • Ascent considers 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.

What are the Ascent credit requirements for the cosigned loan option?

Ascent considers several factors to determine creditworthiness, including, but not limited to minimum credit requirements:

  • All applicants (student borrowers and cosigners) must meet the following credit criteria:
    • Must not have defaulted on any private or government student loan; and
    • Have no reported bankruptcy within the past five (5) years; and
    • Have no unsatisfied repossessions, judgments, tax liens, foreclosures or garnishments by creditors; and
    • Have no settled or unpaid non-medical charge-offs or collection accounts that exceed $100 in total; and
    • Have no settled or unpaid medical charge-offs or collection accounts that exceed $500 in total;
  • If you are a student borrower applying with a cosigner, you must also meet:
    • FICO 600 or above
  • If you are a cosigner, you must also meet:
    • FICO 660 or above
    • Have minimum two (2) years credit history with non-student loan trades
    • Have no delinquencies of sixty (60) or more days during the previous twenty-four (24) months

Ascent is recognized as a leading national private student loan program for cosigned and non-cosigned loans