Ascent Student Loans Review
Company Overview: Ascent
Ascent is an innovative private student loan program that provides access to higher education funding for an expanded population of students, while encouraging the financial wellness of students and their families through financial literacy. Ascent offers three repayment options for its student loans. Goal Structured Solutions, Inc. is the Originator Processor for the Ascent Student Loans, and loans are made through Richland State Bank or Turnstile Capital Management, LLC, the latter of which is a subsidiary of Goal Structured Solutions. Campus Door administers the student loan application processing activities for Ascent Student Loans.
Ascent Student Loans Overview
Ascent offers attractive rates and terms compared with other top lenders of student loans. There are two types of Ascent student loans:
- Ascent Tuition Student Loan
- Ascent Independent Student Loan
Ascent Tuition Student Loans
The Ascent Tuition Student Loan is cosigned graduate or undergraduate student loan. Therefore, you can apply for the Ascent Tuition student loan if you need to apply with a qualified and creditworthy cosigner. The rates on an Ascent Tuition student loan are lower than the rates on an Ascent Independent student loan because with an Ascent Tuition student loan, you would have a qualified, creditworthy cosigner.
Overview
| Key | Value |
|---|---|
| Variable Rates: | 4.24% - 13.24% |
| Fixed Rates: | 5.07% - 14.15% |
| Minimum Loan Amount: | $2,000 |
| Loan Terms: | 5, 10, 15 years |
| Origination Fees: | No |
| Prepayment Fees: | No |
| Co-signer Option: | Yes |
Details
- Ability to start repaying loan while in school
- Co-signer release after 24 consecutive payments
- Financial hardship forbearance option
- Non-U.S. citizens are eligible if they have a creditworthy co-signer who is a U.S. citizen or permanent resident
- 1% Cash Back Reward to students on their loan principle amount upon graduation
How Ascent Tuition Student Loans Compare: Key Benefits
Here are some of the reasons that AscentTuition borrowers love AscentTuition student loans:
- Lower Rate With Cosigner: If you apply with a creditworthy cosigner, AscentTuition includes a lower interest rate compared to the interest rate you could get on your own with the Ascent Independent student loan.
- International Students: International students and non-U.S. citizens can qualify for an Ascent student loan with a qualified, creditworthy cosigner who is a U.S. citizen or permanent resident.
- Deferment: Ascent permits forbearance and deferment options for active duty military deferment, in-school deferment and residency/internship deferment.
- Hardship Forbearance: Ascent offers temporary hardship forbearance. You can apply up to four (4) months at a time for a maximum of 24 months, which is one of the longest forbearance programs in the student loans industry.
- Student Loan Servicer: Ascent uses University Account Services as its student loan servicer.
- 1% Cash Back Reward: 1% Cash Back Reward to students on their loan principle amount upon graduation
Eligibility Criteria
To apply for AscentTuition student loans, you need to meet the following eligibility criteria:
Requirements To Apply For Ascent Tuition Student Loans
Minimum Age: At least age of majority in your state
Minimum Income: Your cosigner must have at least $24,000 of annual income
Citizenship/Residency: U.S. citizen or permanent resident (applies to co-signer too, if any)
Education: Must be enrolled at least half time in a Title IV school
Cosigner: Requires a creditworthy cosigner
Generally, Ascent Tuition student loans are only for borrowers (or cosigners) with good to excellent credit. Loan approval may depend on a number of additional factors, including, but not limited to, your (or your cosigner’s) financial history, employment experience, and monthly income vs. expenses.Ascent Tuition will also consider your degree program, major, cost of attendance and expected graduation date.
As part of the application process, Ascent will ask you and your cosigner to take a short online financial literacy course.The good news is that the Ascent Tuition student loan comes with cosigner release. A cosigner release with Ascent Tuition student loans means that after you make 24 consecutive on-time payments, you can request that your cosigner be released and you assume sole responsibility for your student loans.
Ascent Tuition Student Loans: Repayment Options
There are three repayment options for Ascent Tuition student loans:
- In-School Interest-Only Repayment: You can make interest-only payments on your student loans while enrolled at least half time at a qualified school.
- Deferred repayment: You can begin student loan payments up to six months after graduation or leaving school.
- $25 minimum repayment: You can make monthly student loan payment amounts of at least $25 while enrolled at least half time at a qualified school.
Bottom Line: Is Ascent Tuition right for you?
Ascent has an excellent reputation in the student loan industry. The Ascent student loan is created specifically for student loan borrowers who need a cosigner. If you are a college student, it is likely you will need a cosigner, which makes Ascent Tuition student loans a potentially good fit for you.
Next Steps: How To Apply To Ascent Tuition
You can apply for an Ascent Tuition student loans in 3 easy steps.
Step 1: Check your personalized Ascent Tuition student loan rate in just 2 minutes.
Step 2: Complete application and upload documents.
Step 3: Accept loan terms and get funded.
The good news is that you can check your personalized student loan rate online with Ascent in 2 minutes. This way, you’ll know whether you can be approved for Ascent student loans before you complete the full application. Therefore, Ascent will provide you with a personalized student loan rate estimate. The pre-approval is only a soft credit pull so there is no impact to your credit.
If you have been pre-approved, the online application only takes 10-15 minutes to complete.
When you apply with a cosigner, you may need at least the following documentation:
- Driver’s license or other government identification
- Social Security Number
- Proof of income
- Proof of employment
- Information about your school, including degree program, major, cost of attendance and expected graduation date
- A personal reference from a family member or friend
Applying is super easy – get your personalized rate in 2 minutes
Ascent Independent Student Loans
The Ascent Independent Student Loan is a non-cosigned graduate or undergraduate student loan. Therefore, you cannot apply for an Ascent Independent student loan with a cosigner. If you need to apply with a cosigner, you should apply for the Ascent Tuition student loan. Ascent Independent student loans are best for junior, seniors and graduate student loans who do not need a cosigner. Ascent Independent student loans are a good way to build credit in your own name.
Overview
| Key | Value |
|---|---|
| Variable Rates: | 5.88% - 13.16% |
| Fixed Rates: | 6.69% - 13.45% |
| Minimum Loan Amount: | $2,000 |
| Loan Terms: | 10, 15 years |
| Origination Fees: | No |
| Prepayment Fees: | No |
| Co-signer Option: | Yes |
Details
- Borrowers can qualify without a cosigner
- A borrower’s major, graduation date and future earnings potential are considered
- Borrowers who choose a fixed-rate option only can select a 10 year term
- No minimum credit score or minimum income is required
- Must have Satisfactory Academic Performance of 2.5 GPA, have Junior status or higher, and must be enrolled full-time
- 1% Cash Back Reward to students on their loan principle amount upon graduation
How Ascent Independent Student Loans Compare: Key Benefits
Here are some of the reasons that Ascent Independent borrowers love Ascent Independent Student loans:
- No cosigner required: Ascent Independent student loans do not require a cosigner.
- International Students: International students and non-U.S. citizens can qualify for an Ascent Independent student loan with a qualified, creditworthy cosigner who is a U.S. citizen or permanent resident.
- Deferment: Ascent permits forbearance and deferment options for active duty military deferment, in-school deferment and residency/internship deferment.
- Hardship Forbearance: Ascent offers temporary hardship forbearance. You can apply up to four (4) months at a time for a maximum of 24 months, which is one of the longest forbearance programs in the student loans industry.
- Student Loan Servicer: Ascent uses University Account Services as its student loan servicer.
- 1% Cash Back Reward: 1% Cash Back Reward to students on their loan principle amount upon graduation
Eligibility Criteria
To apply for Ascent Independent student loans, you need to meet the following eligibility criteria:
Requirements To Apply For Ascent Independent Student Loans
Minimum Age: At least age of majority in your state
Citizenship/Residency: U.S. citizen or permanent resident (applies to co-signer too, if any)
Education: Ascent Independent borrowers must have a Satisfactory Academic Performance of 2.5 GPA, will only be available to students who are Junior status or higher, and must be enrolled full-time.
Loan approval may depend on a number of additional factors, including your degree program, major, creditworthiness, cost of attendance, future earnings and expected graduation date.As part of the application process, Ascent will ask you to take a short online financial literacy course to ensure you understand how student loans work.
Ascent Independent Student Loans: Repayment Options
There are three repayment options for Ascent Independent student loans:
- In-School Interest-Only Repayment: You can make interest-only payments on your student loans while enrolled at least half time at a qualified school.
- Deferred repayment: You can begin student loan payments up to six months after graduation or leaving school.
- $25 minimum repayment: You can make monthly student loan payment amounts of at least $25 while enrolled at least half time at a qualified school.
Bottom Line: Is Ascent Independent right for you?
Ascent has an excellent reputation in the student loan industry. The Ascent Independent student loan is created specifically for student loan borrowers who do not need a cosigner. If you are a college junior or senior, or graduate student, then the Ascent Independent student loan may be best for you.
Next Steps: How To Apply To Ascent Independent
You can apply for an Ascent Independent student loans in 3 easy steps.
Step 1: Check your personalized Ascent Independent student loan rate in just 2 minutes.
Step 2: Complete application and upload documents.
Step 3: Accept loan terms and get funded.
The good news is that you can check your personalized student loan rate online with Ascent in 2 minutes. This way, you’ll know whether you can be approved for Ascent student loans before you complete the full application. Therefore, Ascent will provide you with a personalized student loan rate estimate. The pre-approval is only a soft credit pull so there is no impact to your credit.
If you have been pre-approved, the online application only takes 10-15 minutes to complete.
When you apply with a cosigner, you may need at least the following documentation:
- Driver’s license or other government identification
- Social Security Number
- Proof of employment, if applicable
- Information about your school, including degree program, major, cost of attendance and expected graduation date
- A personal reference from a family member or friend
Applying is super easy – get your personalized rate in 2 minutes
Compare The Best Private Student Loans For 2020
Overview
| Key | Value |
|---|---|
| Variable Rates: | 2.84% – 10.97% |
| Fixed Rates: | 4.54% – 11.98% |
| Minimum Loan Amount: | $1,000 |
| Loan Terms: | 5, 8, 10, 15 years |
| Origination Fees: | No |
| Prepayment Fees: | No |
| Co-signer Option: | No |
Details
- Student loans available to graduate, bachelors and associates degrees
- Deferment and forbearance options may be available
- Grace period for undergraduates: 6 months
- Grace period for graduate students: 9 months
- Flexible student loan repayment options
Overview
| Key | Value |
|---|---|
| Variable Rates: | 2.37% – 11.62% |
| Fixed Rates: | 3.82% – 12.49% |
| Minimum Loan Amount: | $1,000 |
| Loan Terms: | 5, 7, 8, 12, 15, 20 years |
| Origination Fees: | None |
| Prepayment Fees: | None |
| Co-signer Option: | Yes |
Details
- Compare student loan rates without affecting your credit score
- Flexible repayment plans
- Get a lower rate with a co-signer
Overview
| Key | Value |
|---|---|
| Variable Rates: | 3.79% – 10.61% |
| Fixed Rates: | 4.86% – 11.24% |
| Minimum Loan Amount: | $5,000 |
| Loan Terms: | 10 |
| Origination Fees: | No |
| Prepayment Fees: | No |
| Co-signer Option: | Yes |
Details
- Low rates from community lenders like credit unions and community banks
- Get lower rates with a co-signer
- Ability to pause payments for up to 18 months if you become unemployed
- May consider your academic credentials to help you get a lower rate
- If you repay 10% of your loan before your loan enters full repayment period, 1.0% APR is dropped from your current interest rate
Review:
Overview
| Key | Value |
|---|---|
| Variable Rates: | 3.74% – 7.89% |
| Fixed Rates: | 4.50% – 8.91% |
| Minimum Loan Amount: | $5,000 |
| Loan Terms: | 5, 7, 10, 15, 20 years |
| Origination Fees: | No |
| Prepayment Fees: | No |
| Co-signer Option: | Yes |
Details
- Student loans available to graduate, undergraduate and associates degrees
- Law school, business school, medical school, dentistry school available at select schools.
- Flexible student loan repayment options
- Forbearance up to 1 year available
Overview
| Key | Value |
|---|---|
| Variable Rates: | 5.88% – 13.16% |
| Fixed Rates: | 6.69% – 13.45% |
| Minimum Loan Amount: | $2,000 |
| Loan Terms: | 10, 15 years |
| Origination Fees: | No |
| Prepayment Fees: | No |
| Co-signer Option: | Yes |
Details
- Borrowers can qualify without a cosigner
- A borrower’s major, graduation date and future earnings potential are considered
- Borrowers who choose a fixed-rate option only can select a 10 year term
- No minimum credit score or minimum income is required
- Must have Satisfactory Academic Performance of 2.5 GPA, have Junior status or higher, and must be enrolled full-time
- 1% Cash Back Reward to students on their loan principle amount upon graduation
Overview
| Key | Value |
|---|---|
| Variable Rates: | 4.24% – 13.24% |
| Fixed Rates: | 5.07% – 14.15% |
| Minimum Loan Amount: | $2,000 |
| Loan Terms: | 5, 10, 15 years |
| Origination Fees: | No |
| Prepayment Fees: | No |
| Co-signer Option: | Yes |
Details
- Ability to start repaying loan while in school
- Co-signer release after 24 consecutive payments
- Financial hardship forbearance option
- Non-U.S. citizens are eligible if they have a creditworthy co-signer who is a U.S. citizen or permanent resident
- 1% Cash Back Reward to students on their loan principle amount upon graduation
