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Ascent Student Loans Review

Student Loans are a financial product that allow you to borrow money from the government to cover the cost of attending school.

Source: Ascent Student Loans

If the student does not have the money for college, they can use student loans to help with their college education. Ascent Student Loans is best for borrowers with bad to fair credit history. As a result, borrowers with a low credit score will be able to use it to take advantage of an average to high interest rate. They are also able to complete their application quickly and easily. If you have a fair credit score, you will be able to use the loan to cover a variety of expenses.

You’ll be able to use the loan to cover tuition, board, and other related expenses on your university. Also, Ascent Student Loans is a type of loan that helps students make their education more affordable. It’s a student loan that requires a co-signer, meaning that you can borrow money from a family member or a friend to help offset your student loan.

Everyday Benefits

Ascent Student Loans offers a unique and valuable benefit that sets it apart from many other student loan providers: free 1:1 student success coaching for undergraduate borrowers. This benefit is designed to provide students with personalized guidance and support throughout their academic journey.

What are the benefits of Ascent Student Loans?

The role of student loans is to provide you with the financial aid you need to attend college and cover the cost of schooling. If you are struggling to make ends meet, then Student Loans can help you out. Moreover, the following are the benefits of Ascent Student Loans which can be perfect to those who wants a financial aid for higher education.

Offers 24 months of Financial Hardship Forbearance: Ascent Student Loans offers financial hardship forbearance for its borrowers. This means that borrowers with qualifying hardship can defer their loan payments for up to 24 months. This is good for borrowers who are facing financial difficulties at the moment.

Gives 1% Cash Back Graduation Reward: With Ascent Student Loans, you can graduate without too much stress on your shoulders, as they offer a 1% cash back graduation reward. That’s right, you will receive 1% cash back on your loan balance after graduation.

International Students are allowed: Ascent Student Loans is also a best choice for international students because it offers the convenience of a fast, process-driven loan application process.

Offers a longer grace period: Another benefit of Ascent loans is that they have a longer grace period than other companies. This can be beneficial because it allows you to pay off a loan faster if your finances change.

1% Interest rate discount: Ascent Student Loans is a student loan lender that offers a 1% interest rate discount to those who will subscribe for automatic payments. The automatic payments will help them to save money and make their loan repayments easier.

Ascent Student Loans Details

Source: Ascent Student Loans

Student Loan Amount: The student loan amount of Ascent Student Loans varies between $2,000 to $20,000 every academic year. They can also aggregate a loan amount of up to $200,000 for the whole course or degree the borrower is taking up.

Loan Terms: The loan terms of Ascent Student Loans are of four options: seven, ten, twelve, or fifteen years. But keep in mind that if you are to avail fixed-rate loans, you only have two loan term options which is ten or fifteen years.  

Qualification Requirements

To access Ascent Student Loans, certain qualifications must be met. Applicants must be at least 18 years old, either U.S. citizens or permanent residents. A minimum credit score is required, and if your credit history is limited, a co-signer may be necessary. Additionally, a stable income source or a creditworthy co-signer is essential. Meeting these criteria enhances your chances of loan approval.

How to Apply for the Ascent Student Loans

Applying for an Ascent Student Loan is a straightforward process that can be completed in a few steps:

  1. Gather Documents: Collect your identification, proof of income, and co-signer information if applicable.
  2. Check Eligibility: Ensure you meet the qualification requirements outlined earlier.
  3. Begin Application: Visit our website and click “Apply Now” to initiate the application.
  4. Personal Details: Provide your contact information, Social Security number, and other personal information.
  5. School Information: Enter your school, program, and the loan amount required.
  6. Financial Details: Submit your income, expenses, and co-signer information if needed.
  7. Review and Submit: Carefully review your application for accuracy and submit it.
  8. Approval Process: We’ll assess your application and may request additional details.
  9. Funds Disbursement: Once approved, the funds will be sent directly to your school.

FAQs (Frequently Asked Questions)

What is the minimum required credit score for Ascent Student Loans?

The minimum credit score varies, and having a co-signer can assist applicants with lower scores.

Can international students apply for Ascent Student Loans?

Ascent primarily serves U.S. citizens and permanent residents, but international students can apply with a creditworthy co-signer who meets the eligibility criteria.

Is there a grace period for loan repayment after graduation?

Yes, Ascent offers a grace period of up to 9 months after leaving school before you begin making payments.

Are there prepayment penalties on Ascent Student Loans?

No, there are no prepayment penalties, allowing you to pay off your loan early without extra fees.

Formado em direito Especialista em economia, investimento e finanças pessoal. Seu foco é mudar a vida financeira das pessoas.