Our experts answer readers’ student loan questions and write unbiased product reviews (here’s how we assess student loans). In some cases, we receive a commission from our partners; however, our opinions are our own.

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Who is Ascent Best For? 

Ascent is a good option for borrowers who are looking for a wide range of repayment options and want to avoid some fees. You can take as many as 15 or as few as five years to pay back an undergraduate student loan from Ascent. The lender also allows you to either defer payments, make smaller payments, or pay interest only while enrolled in school. Ascent also doesn’t charge an origination fee or a fee for paying back your loan early.

Types of Student Loans Offered by Ascent

Ascent has student loans for many degree types, including:

• Undergraduate
• Graduate
• Law
• Medical
• Dental
• PhDs
• MBAs

Ascent Student Loans Details

You can get a loan with or without a cosigner, but you’ll need to qualify based on your income and credit if you don’t have one. You can apply to release your cosigner after two years of consecutive, on-time payments. 

Before you apply for any private student loan from Ascent or any other lender, first seek out federal student loan options. You can usually get better terms and protections through the government.

You need to meet the following qualifications to get a student loan:

• Be a US citizen, permanent resident, a temporary resident with an eligible cosigner, or have DACA status 
• Be enrolled in a school within Ascent’s network half-time or more
• Pass a credit check or have a cosigner who can pass one
• Have a minimum income of $24,000 for the current and previous year from you or your cosigner
• Without a cosigner, have two years of credit history 

There are several options for contacting Ascent’s customer support. You can call the company from 6:00 a.m. to 6:00 p.m. PST Monday through Thursday, or 7:00 a.m. to 4:00 p.m. PST on Friday and Saturday. You can also email the lender, or send physical mail to its address in San Diego.

Ascent Undergraduate Student Loans

Ascent Undergraduate Student Loans has several repayment options for its undergraduate loans, with terms of five, seven, 10, 12, and 15 years available. The minimum rates on its fixed undergraduate student loans are lower than many competitors’ rates. You may qualify for a 1% cash-back reward with Ascent after graduating. 

Ascent Graduate Student Loans

Ascent Graduate Student Loans graduate student loans have repayment terms of five, seven, 10, 12, 15, and 20 years available. Ascent has a lower minimum APR on fixed loans than many other competitors do on its graduate loans, but its maximum APRs on both fixed and variable are higher than what you can find elsewhere. 

Ascent Student Loans Pros and Cons

How to Apply for an Ascent Student Loan

1. Collect the required documents and information. This includes your Social Security number, your school of enrollment, your major field of study, the loan amount you need, your address, and certain financial documents.

2.  Fill out Ascent’s online application. You can complete the application in just several minutes. After doing so you’ll get your prequalified rates without affecting your credit score. 

3. Review loan offers and pick the one you can afford. After you submit your information, Ascent will give you different term options. A shorter term length means larger monthly payments — but you’ll save more in interest. 

4. Accept your loan terms and plan for repayment. After you sign the document accepting your loan terms, your loan will be approved and funded. Make sure you’ve worked your loan payments into your budget — late payment may add significant costs to your loan. 

Ascent Student Loans FAQs 

What is the student loan limit for Ascent?

Ascent provides as much as $200,000 for undergraduate and graduate credit-based Loans and $20,000 for undergraduate non-cosigned outcomes-based loans.

Can you pay off an Ascent student loan early?

Ascent allows you to pay off your student loans early without penalty.

What GPA do you need to get an Ascent student loan?

Ascent requires you to maintain GPA of at least 2.9  and meet your school’s satisfactory academic performance in order to qualify for its student loans.

Is Ascent student loans legit?

Ascent Undergraduate Student Loans has an A+ rating from the Better Business Bureau, indicating that the lender effectively replies to consumer complaints, is honest in its advertising, and is open about business practices. However, an excellent BBB rating doesn’t guarantee you’ll have a good experience.  Be sure to check online customer reviews and see if any of your friends and family have experiences with the lender. 

Ascent Student Loans Repayment Options

You have three options to repay your Ascent student loan after you’ve taken it out: deferred, minimum, and interest-only. Each option has its advantages for different types of borrowers. 

With deferred payments, you won’t pay off any of your balance until after the grace period, so it will be the most expensive option as a whole. Interest-only payments will cost the most while you’re in school, but it will cost the least overall because you won’t accrue any interest while in school.  

Ascent Student Loans Competitors

Ascent Undergraduate Student Loans has low minimum fixed rates, but higher minimum rates on variable loans than comparable lenders — though your rates will depend on your unique financial situation. However, if you or your cosigner don’t have the best credit score, Ascent’s maximum rates on both variable and fixed undergraduate loans are lower than competitors. Here’s how Ascent compares:

Ascent vs. College Ave Undergraduate Student Loans – Product Name Only

College Ave is the only company among the three competitors listed here that allows you to make full payments on your loan while you’re in school. All three comparable competitors offer deferred, fixed, and interest-only repayment options. 

You can pick a repayment term length of five, eight, 10, or 15 years with College Ave undergraduate loans, while Ascent offers term lengths of five, seven, 10, 12, and 15 years.

Ascent vs. Sallie Mae Undergraduate Student Loans – Product Name Only

While Ascent offers term lengths of five, seven, 10, 12, and 15 years on its undergraduate loans, Sallie Mae will assign you a term length of either five, 10, or 15 years. 

How We Rated Ascent Student Loans

We rate all student loan products in our reviews and guides on a 1-5 scale. The overall rating is a weighted average that takes into account seven different categories, some of which are judged more heavily than others. They are:

• Interest rate (20% of rating)
• Fees (20% of rating)
• Term lengths (15% of rating)
• Repayment options while in school (15% of rating)
• Borrower accessibility (15% of rating)
• Customer support (7.5% of rating)
• Ethics (7.5% of rating)

Each category’s weighting is determined based on its importance to your borrowing experience. Rates and fees have the most significant impact on the total cost of your loan, so we weigh those the most heavily. Customer support and ethics are still crucial parts of the borrowing experience, but do not directly tie to a student loan’s terms, so they have less of an impact on the overall rating.

Read more about how we rate student loans »