Loans fast upperclassmen and graduate pupils without any credit, co-signer or income.

Important thing: Best for pupils who wish to work with a co-signer and repay loans fast or upperclassmen and graduate pupils without any credit, earnings or co-signer.

Evaluated loan Co-signed and non-co-signed student that is private for undergraduates
Loan terms Co-signed choice: Five, 10 or fifteen years for variable-rate loans. Five or ten years for fixed-rate loans. Non-co-signed choices: 10 or 15 years for variable-rate loans. Ten years for fixed-rate loans.
Loan amounts option that is co-signed $1,000 minimum to $200,000 on the duration of a debtor. The quantity for every single loan period cannot go beyond the cost that is total of. Non-co-signed choices: $1,000 to $20,000.
Elegance duration 6 months
Co-signer launch available Yes, for the co-signed loan choice.
Relevant items personal graduate student loans

Pros & Cons

  • Forbearance of two years is more than numerous loan providers.
  • You could make biweekly repayments via autopay.
  • For co-signed choice, numerous in-school payment choices can be obtained, including interest-only, flat-fee and deferred.
  • For non-co-signed future-income based choice, no co-signer or credit rating is necessary.
  • Less repayment term lengths than many other loan providers for fixed-rate loans.
  • Non-co-signed future option that is income-based available simply to university juniors, seniors and graduate pupils.

Complete Review

Ascent is an online loan provider that provides three alternatives for education loan borrowers: a conventional co-signed loan, a credit-based non-co-signed loan and another directed at borrowers who lack a credit score, co-signer or earnings.

The co-signed loan is a good complement borrowers whom plan to use a co-signer and would like to pay back loans fast. The co-signed choice provides lower interest levels.

The non-co-signed future income-based loan — available simply to juniors, seniors and graduate students — is regarded as just a few accessible to borrowers with no credit, earnings or co-signer.

Because of its non-cosigned credit-based loan, pupil borrowers will need to have significantly more than 2 yrs of credit rating with a credit rating of 680 or above and meet minimum income needs.

Ascent borrowers can allocate overpayments to numerous reports or perhaps an account that is single in addition they additionally could make biweekly re re re payments via autopay. These features help borrowers pay back debt faster.

Ascent at a glance

  • Substantial forbearance choices.
  • Provides co-signed and non-co-signed loan that is credit-based numerous in-school payment choices including interest-only, flat-fee and deferred.
  • Borrowers who don’t have co-signer or credit history can qualify.

Exactly Just Exactly How Ascent could improve

Ascent could improve by providing:

  • Advertised fixed rates of interest below 10%.

Ascent private student loan details

  • Smooth credit check to qualify to check out just exactly what price you’ll get: Yes.
  • Loan terms: Co-signed and non-co-signed credit-based choices: Five, 10 or 15 years for variable-rate loans. Five or a decade for fixed-rate loans. Non-co-signed future income-based choice: 10 or fifteen years for variable-rate loans. A decade for fixed-rate loans.
  • Loan amounts: Co-signed and non-co-signed options that are credit-based $1,000 minimum to $200,000 on the time of a debtor. The total amount for every loan period cannot go beyond the cost that is total of. Non-co-signed future option that is income-based $2,000 to $20,000.
  • Application or origination cost: No.
  • Prepayment penalty: No.
  • Belated charges: Yes, a charge corresponding to 5% of this number of the last payment that is due following the re payment is 10 times later. The minimum fee that is late $5; the most is $25, except where forbidden for legal reasons.

Compare Ascent’s range of interest levels with private education loan loan providers. Your real price is determined by facets as well as your co-signer’s credit score and financial predicament. To see just what price Ascent will give you, use on its web site.


Ascent’s future that is non-co-signed choice considers a borrower’s future earnings in the place of emphasizing present earnings or credit included in its underwriting procedure. When it comes to co-signed and non-co-signed credit-based choices, borrowers must satisfy credit and earnings needs.

  • Minimal credit history: 540 for co-signed loan pupil borrowers by having a co-signer who may have a credit rating of 740 or maybe more, otherwise the pupil should have a the least 600. When it comes to non-co-signed credit-based loan, the pupil will need to have the very least credit history of 680 as well as minimum 2 yrs of credit score. For the non-cosigned future income-based loan a credit rating is certainly not necessary.
  • Minimal earnings: $24,000 when it comes to co-signed and non-co-signed credit-based choice. Earnings is certainly not considered when it comes to non-co-signed future income-based choice.
  • Typical credit score of authorized borrowers or co-signers: failed to reveal.
  • Typical income of approved borrowers: failed to reveal.
  • Optimum debt-to-income ratio: failed to reveal.
  • Can qualify in the event that you’ve filed for bankruptcy: Yes, after 5 years have passed away.


  • Citizenship: Borrowers may be U.S. Residents, permanent residents, international or DACA pupils. Overseas and DACA pupils should have a qualified U.S. Resident or permanent co-signer that is resident. The requirements that are same to co-signers.
  • Location: accessible to borrowers in every 50 states.
  • Must certanly be enrolled half-time or even more: Yes. Non-co-signed future income-based borrowers additionally needs to fulfill satisfactory educational performance needs with a 2.5 GPA or maybe more.
  • Kinds of schools offered: An qualified college, typically old-fashioned two-year or four-year degree-granting organizations.
  • Portion of borrowers who have a co-signer: 100% when it comes to co-signed choice and 0% when it comes to option that is non-co-signed.

In-school payment alternatives for co-signed loan borrowers:

  • Deferred payment: No re re payments while you’re in school and until your elegance duration concludes 6 months after making college or dropping below half-time. Since there aren’t any prepayment charges, you might prefer to make re re payments sooner. Interest will continue steadily to accrue while you’re in school whether you spend or perhaps not. The attention that accrues will capitalize, or be put into your balance that is principal the finish of the elegance duration.
  • Flat-fee repayment: spend $25 every while enrolled in school and during the grace period month. This program shall help save you significantly more than deferred repayment, but somewhat significantly less than interest-only payment. You can easily spend a group payment while signed up for college at half-time that is least.
  • In-school interest-only repayment: Pay interest every month you’re enrolled at the very cash advance loan least half-time in school and through the elegance period. This program will save you the likely many cash.