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 Cosigned Loan
- Ascent Non-Cosigned Loan
Ascent Cosigned Loan
How Ascent Cosigned Loans Compare: Key Benefits
- Lower Rate With Cosigner:Â 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:Â 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:Â Ascent permits forbearance and deferment options for active duty military deferment, in-school deferment and residency/internship deferment.
- Hardship Forbearance:Â 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:Â 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
Minimum Age:Â At least age of majority in your state
Minimum Income:Â Your cosigner must have at least $24,000 of annual income
Citizenship/Residency:Â U.S. citizen or permanent resident (applies to co-signer too, if any)
Education:Â Must be enrolled at least half time in a Title IV school
Cosigner:Â Requires a creditworthy cosigner
Ascent Cosigned Loans: Repayment Options
- In-School Interest-Only Repayment:Â You can make interest-only payments on your student loans while enrolled at least half time at a qualified school.
- Deferred repayment:Â You can begin student loan payments up to six months after graduation or leaving school.
- $25 minimum repayment:Â 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?
Next Steps: How To Apply To Ascent Cosigned Loan
Step 2:Â Complete application and upload documents.
Step 3:Â 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 Non-Cosigned Loans
Overview
| Key | Value |
|---|---|
| Variable Rates: | 2.44% - 12.96% |
| Fixed Rates: | 3.38% - 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
How Ascent Non-Cosigned Loans Compare: Key Benefits
- No cosigner required:Â Ascent Non-Cosigned Loans do not require a cosigner.
- International Students:Â 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:Â Ascent permits forbearance and deferment options for active duty military deferment, in-school deferment and residency/internship deferment.
- Hardship Forbearance:Â 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:Â 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
Minimum Age:Â At least age of majority in your state
Citizenship/Residency:Â U.S. citizen or permanent resident (applies to co-signer too, if any)
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:
- In-School Interest-Only Repayment:Â You can make interest-only payments on your student loans while enrolled at least half time at a qualified school.
- Deferred repayment:Â You can begin student loan payments up to six months after graduation or leaving school.
- $25 minimum repayment:Â 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?
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:Â Check your personalized Ascent Non-Cosigned Loan rate in just 2 minutes.
Step 2:Â Complete application and upload documents.
Step 3:Â 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 Our Top Picks For Private Student Loans For 2021
Overview
| Key | Value |
|---|---|
| Variable Rates: | 1.04% – 11.98% |
| Fixed Rates: | 3.34% – 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
Review:
Overview
| Key | Value |
|---|---|
| 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
Review:
Overview
| Key | Value |
|---|---|
| Variable Rates: | 1.04% – 11.35% |
| Fixed Rates: | 3.49% – 13.19% |
| 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: | 1.49% – 7.69% |
| Fixed Rates: | 3.99% – 8.49% |
| 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: | 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
Review:
Overview
| Key | Value |
|---|---|
| Variable Rates: | 2.44% – 12.96% |
| Fixed Rates: | 3.38% – 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
