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Ascent Program for Funding Education Student Loans Review


Rating: 9.1 / 10 (Excellent)
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The Ascent Program for Funding Education works through GS2, a loan processor with over a decade of experience providing asset management services to schools, banks, and investors. Ascent’s flexible credit score requirements help more students qualify for loans while offering customized products and services geared towards helping customers achieve financial literacy.

The Ascent Program for Funding Education offers private loans through an innovative platform that was designed to achieve university funding for a wider population of students. The company does this by operating a system that takes more into consideration than credit score and income. To this end, Ascent offers it's student loans to students with and without cosigners. One standout feature of Ascent is the organization's commitment to encouraging financial freedom among its lenders. The company incorporates financial education into its loan application process in order to encourage students to start life on the right track.

Loans offered through Ascent originate with Richland State Bank (RSB), Member FDIC, or Turnstile Capital Management, LLC.

Student Loans Offered

Undergraduate
Graduate
Nursing School

Maximum Loan Limit

Max Loan Amount per Year

$1,000

Maximum Loan Amount Total

$200,000 is the maximum aggregate loan amount in total. 

Repayment Options

Ascent offers 3 different repayment options for their student loans:

  • Interest Only - Student must be registered at least half time. The student will pay only the interest on the loan until graduation. After this full interest and principal payments must be made.
  • Deferred Repayment - Postpone both principal and interest payments while at least half time enrolled for 60 months.
  • $25 Minimum Payment - Student makes $25 minimum payment a month while enrolled and full payments upon graduation.

Deferments

An Ascent borrower can request a deferment under the following circumstances:

Active Duty Military Deferment
In-School Deferment -
If returning to school at least half time
Residency / Internship Deferment 
Temporary Hardship Forbearance -
For a maximum of 3 months, maximum of 24 months during the life of the loan.

Student Loan Rates

Fixed Rate

Variable Rate

Variable Rates: APRs from 3.77% to 12.52%
Fixed Rates: APRs from 5.38% to 14.38%

Qualifying

Ascent considers the following factors for student loan qualification: creditworthiness, school, program, graduation date, major, cost of attendance, etc.

Loan Related Fees

Origination Fee

not stated

Loan Application Fee

not stated

Prepayment Fee

Student Loans with Ascent Program for Funding Education

Ascent is a good choice for student loans, especially if you are interested in freeing yourself from a cosigner. The company takes other sources of information into consideration than credit score and income, giving those with less than ideal credit who don't have a cosigner a shot. The maximum loan limit is sufficient for most education paths, and the rates are standard for the student loan marketplace. 


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Customer Comments & Reviews

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C
Cathe L
Saginaw, Michigan
8/30/2017
My daughter entered an app for a non-cosigner loan four weeks before money was due. It's now been five weeks and no answer from Ascent. She supplied all documents necessary, has excellent GPA and is attending a top school in our state. Right after submitting the app and docs she received two emails stating she needs to supply all documents. She called to ask which specific docs they were looking for because she sent everything they originally requested. The rep on the other line told her they don't even see where they sent her an email requesting anything. My daughter read the email to the rep on the phone and she said "oh yes, I guess that is us. We don't need anything further from... Read More


C
Cathe L
Saginaw, Michigan
8/30/2017
My daughter entered an app for a non-cosigner loan four weeks before money was due. It's now been five weeks and no answer from Ascent. She supplied all documents necessary, has excellent GPA and is attending a top school in our state. Right after submitting the app and docs she received two emails stating she needs to supply all documents. She called to ask which specific docs they were looking for because she sent everything they originally requested. The rep on the other line told her they don't even see where they sent her an email requesting anything. My daughter read the email to the rep on the phone and she said "oh yes, I guess that is us. We don't need anything further from... Read More



Top Rated
9.5 / 10
  • Multiple In-School Repayment Options
  • Online Account Provided
  • Undergraduate and Graduate Student Loans Offered
  • Check Application Status Online
  • Loan E-signing
  • Free Scholarship Registration
  • BBB A+ Rating