Ascent Review  

By loansmack

Key Features

  • Student loans for undergraduate and graduate.
  • Can apply with & without a cosigner; cosigner release offered.
  • 5, 12, 15, year repayment terms.
  • Variable Rates - With cosigner: 3.49% – 9.74%  Without cosigner: 3.99% – 12.74%.
  • Fixed Rates - With cosigner: 5.13% – 11.58%  Without cosigner: 5.63% – 14.57%.
  • No origination fees or prepayment penalties.
  • Interest-rate reduction of 0.25% if you enroll in Auto Pay.
  • Must be enrolled at least half time in an eligible school.

About Ascent

Ascent is a student loan program that provides access to higher education funding, while encouraging the financial wellness of students and their families through financial literacy.  Ascent student loans offers two different loan products; one for borrowers with a cosigner and one for borrowers without a cosigner.  As part of the loan process, student borrowers are required to take a quick financial literacy course.  The quick course is required within the application process because Ascent believes it is an important component of supporting the financial wellness of student loan borrowers.


  • Ability to apply for a student loans without a cosigner - Ascent stands out because not many lenders will allow you to apply for a student loan without a cosigner. 
  • Financial literacy course - This helps borrowers understand their financial situation, so they can make the best decisions when it comes to their student loan. 
  • No origination fees or prepayment penalties.


  • Rates – Since Ascent lends to people without a cosigner, its rates are higher than if a borrower applied with a cosigner.

How to get started with Ascent

You can get started with Ascent through their online process.  Remember, when you get a rate estimate from a lender, this involves a 'soft credit' check, which will not affect your credit score.  When you decide to actually apply for a loan, the lender will do a hard credit pull which will slightly affect your credit score.

Documents you'll need for when applying to most lenders:

  • Government ID (passport, driver's license, green card).
  • Income verification (if applicable); this can include pay stubs, W-2's, etc.
  • Social Security number.