Ascent Student Loans Review: affordable options for you!
Our Ascent Student Loans review explores the various features and benefits of its educational loans, helping you decide whether to use it to finance your studies.
Cosigned and non-consigned loans for high education
Are you or a loved one gearing up for higher education in the U.S.? Pursuing your dreams and ambitions is within reach with Ascent Student Loans- and here’s our review.
Discover your potential borrowing amount and explore the different types of loans available to finance your education. Keep reading to learn more!
- APR: 4.48% to 16.08%;
- Loan Purpose: Non-co-signed credit-based loan, co-signed loan, non-co-signed outcomes-based loan, graduate loan (varies by program);
- Loan Amounts: Up to $200,000 for undergraduate students and up to $400,000 for graduate students;
- Credit Needed: 540 (borrower), 600 (cosigner);
- Origination Fee: N/A;
- Late Fee: Late payments of 15 days or more may incur a fee of 5% or $25 (whichever is less);
- Early Payoff Penalty: N/A.
Ascent Student Loans overview
Ascent is your trusted partner for financing your education in the United States. Thus, they offer two main types of loans: Loans to pay for college and Graduate Loans.
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Loans to Pay for College
Ascent’s Loans to Pay for College can cover up to 100% of your cost of attendance, making it a powerful tool for achieving your academic goals.
You can use these funds for other school-related expenses at more than 2,200 colleges nationwide.
Also, there’s a smart move: choose autopay, and you’ll enjoy a 1% discount.
Undergraduate Student Loans
In addition, as an undergrad, Ascent offers up to $200,000 in loans with three tailored options to meet your financial needs.
Cosigned Credit-Based Loan
This option is ideal for students with a creditworthy cosigner.
- Variable APR: 6.15% – 16.08%;
- Fixed APR: 6.15% – 16.08%.
Non-Cosigned Credit-Based Loan
Moreover, Ascent’s student loan is tailored for financially responsible students who lack a cosigner.
However, you may still qualify if you don’t have a cosigner, as Ascent takes into account your minimum income.
- Variable APR: 10.02% – 16.08%;
- Fixed APR: 9.74% – 15.81%.
Non-Cosigned Outcomes-Based Loan
This program is for college students who meet the credit requirements, regardless of their level of study.
- Variable APR: 13.07% – 15.02%;
- Fixed APR: 12.82% – 14.77%.
Graduate Student Loans
Ascent offers graduate students loans up to $400,000 with or without a cosigner.
Cosigned Credit-Based Loan for Graduates
Graduate students with a creditworthy cosigner can secure loans with a variable APR ranging from 7.17% to 16.08% and a fixed APR of 5.48% to 15.81%.
Non-Cosigned Credit-Based Loan for Graduates
For creditworthy graduate students without a cosigner, Ascent provides loans with a variable APR of 7.17% to 16.08% and a fixed APR of 5.48% to 15.81%.
Indeed, Ascent also offers boot camp loans to help you kickstart your career transformation.
Ascent Student Loans: pros and cons
Further, review Ascent Student Loans’ pros and cons to see if it’s the right choice for you.
- No origination fee;
- No application fee;
- Qualify based on future earnings;
- Autopay discounts of 1%.
- Higher interest than other student loans;
- Not all schools are eligible;
- Cosigning options are not available to non-citizens or residents.
Minimum credit score
Moreover, you’ll need a minimum credit score of 540 (borrower) or 600 (cosigner).
Want to apply for the Ascent Student Loans? We will help you!
Are you ready to start your path toward higher education? Then learn how to apply for Ascent Student Loans below. So keep reading and learn more!
About the author / Suzana Brito
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