Ascent Student Loans Review

Ascent Private 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:

  1. Ascent Cosigned Loan
  2. Ascent Non-Cosigned Loan

Ascent Cosigned Loan

The Ascent Cosigned Loan is cosigned graduate or undergraduate student loan. Therefore, you can apply for the Ascent Cosigned Loan if you need to apply with a qualified and creditworthy cosigner. The rates on an Ascent Cosigned Loan are lower than the rates on an Ascent Non-Cosigned Loan because with an Ascent Cosigned Loan, you would have a qualified, creditworthy cosigner.
* Fixed and variable rates are based on APRs and include an ACH AutoPay interest rate reduction of 0.25%, if any.

How Ascent Cosigned Loans Compare: Key Benefits

Here are some of the reasons that Ascent Cosigned Loan borrowers love Ascent Cosigned Loans:
  • Lower Rate With Cosigner: If you apply with a credit worthy cosigner, Ascent Cosigned Loan includes a lower interest rate compared to the interest rate you could get on your own with the Ascent Non-Cosigned 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 Ascent Cosigned Loans, you need to meet the following eligibility criteria:
Requirements To Apply For Ascent Cosigned 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 Cosigned 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 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 Cosigned Loan comes with cosigner release. A cosigner release with Ascent Cosigned 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 Cosigned Loans: Repayment Options

There are three repayment options for Ascent Cosigned Loan:
  1. 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.
  2. Deferred repayment: You can begin student loan payments up to six months after graduation or leaving school.
  3. $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 Cosigned loan 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 Cosigned Loans a potentially good fit for you.

Next Steps: How To Apply To Ascent Cosigned Loan

You can apply for an Ascent Cosigned Loans in 3 easy steps.
Step 1: Check your personalized Ascent Cosigned 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

* Checking your rate does not affect your credit score.

Ascent Non-Cosigned Loans

The Ascent Non-Cosigned Loan is a non-cosigned graduate or undergraduate student loan. Therefore, you cannot apply for an Ascent Non-Cosigned Loan with a cosigner. If you need to apply with a cosigner, you should apply for the Ascent Cosigned Loan. Ascent Non-Cosigned Loans are best for junior, seniors and graduate student loans who do not need a cosigner. Ascent Non-Cosigned Loans are a good way to build credit in your own name.

Overview

KeyValue
Variable Rates:2.69% -12.98%
Fixed Rates:3.53% - 14.50%
Minimum Loan Amount:$1,000
Loan Terms:5, 7, 10, 12, 15, 20 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Student loan repayment while in school
  • 1% cash back on student loan principal at graduation
  • Co-signer release after 24 consecutive payments
  • Financial hardship forbearance available
  • No minimum income or credit score
  • Apply with or without a co-signer
* Fixed and variable rates are based on APRs and include an ACH AutoPay interest rate reduction of 0.25%, if any.

How Ascent Non-Cosigned Loans Compare: Key Benefits

Here are some of the reasons that Ascent Non-Cosigned Loan borrowers love Ascent Non-Cosigned Loans:
  • No cosigner required: Ascent Non-Cosigned Loans do not require a cosigner.
  • International Students: International students and non-U.S. citizens can qualify for an Ascent Non-Cosigned 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 Non-Cosigned Loans, you need to meet the following eligibility criteria:
Requirements To Apply For Ascent Non-Cosigned 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 Non-Cosigned Loan 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 Non-Cosigned Loans: Repayment Options

There are three repayment options for Ascent Non-Cosigned Loans:

  1. 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.
  2. Deferred repayment: You can begin student loan payments up to six months after graduation or leaving school.
  3. $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 Non-Cosigned Loan right for you?

Ascent has an excellent reputation in the student loan industry. The Ascent Non-Cosigned 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 Non-Cosigned Loan may be best for you.

Next Steps: How To Apply To Ascent Non-Cosigned Loan

You can apply for an Ascent Non-Cosigned Loan in 3 easy steps.

Step 1: Check your personalized Ascent Non-Cosigned 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

* Checking your rate does not affect your credit score.

Compare The Best Private Student Loans For 2020

Lender
APR
Loan Type
1.09% – 12.99%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:1.09% – 11.98%
Fixed Rates:3.49% – 12.99%
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

1.78% – 11.89%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:1.78% – 11.89%
Fixed Rates:4.13% – 11.52%
Minimum Loan Amount:$5,000
Loan Terms:5, 10 and 15 years
Origination Fees:None
Prepayment Fees:None
Co-signer Option:Yes

Details

  • Offer college, graduate school, law school, MBA and Parent student loans
  • Flexible repayment options
  • No late fees
  • Autopay rate discount
  • Free perks such as career planning and job search assistance
1.24% – 12.39%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:1.24% – 11.99%
Fixed Rates:3.75% – 12.39%
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

1.25% – 12.35
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:1.25% – 11.10%
Fixed Rates:4.25% – 12.35%
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

4.39% – 8.68%
Graduate, Law, Medical, MBA, Dentistry, Nursing

Overview

KeyValue
Variable Rates:4.39% – 8.59%
Fixed Rates:4.39% – 8.68%
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

2.69% – 14.50%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:2.69% -12.98%
Fixed Rates:3.53% – 14.50%
Minimum Loan Amount:$1,000
Loan Terms:5, 7, 10, 12, 15, 20 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Student loan repayment while in school
  • 1% cash back on student loan principal at graduation
  • Co-signer release after 24 consecutive payments
  • Financial hardship forbearance available
  • No minimum income or credit score
  • Apply with or without a co-signer

Checking Your Rate Doesn’t Affect Your Credit Score

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