The bottom line: Ascent is an online lender that offers three options for student loan borrowers: a traditional co-signed loan, a non-co-signed credit-based option and a non-co-signed future income-based option. Its co-signed loan is best for students who want to use a co-signer and pay off loans fast. Its non-co-signed credit-based option is best for borrowers with at least two years of credit history who can meet income requirements. Its non-co-signed future-income option is best for upperclassmen and graduate students with no credit, income or co-signer.
Pros & Cons
Forbearance of 24 months is longer than many lenders.
You can make biweekly payments via autopay.
For co-signed option, multiple in-school repayment options are available, including interest-only, flat-fee and deferred.
For non-co-signed future-income based option, no co-signer or credit history is required.
Fewer repayment term lengths than other lenders for fixed-rate loans.
Non-co-signed future income-based option is available only to college juniors, seniors and graduate students.
Compare to Other Lenders
|Check Rate||Check Rate||Check Rate|
3.62 - 14.50%
4.84 - 12.39%
3.99 - 12.99%
2.73 - 13.01%
1.59 - 10.99%
1.24 - 11.98%
Min. Credit Score
Min. Credit Score
Does not disclose
Min. Credit Score
Ascent is an online lender that offers three options for student loan borrowers: a traditional co-signed loan, a credit-based non-co-signed loan and another aimed at borrowers who lack a credit history, co-signer or income.
The co-signed loan is a good fit for borrowers who plan to use a co-signer and want to pay off loans fast. The co-signed option offers lower interest rates.
The non-co-signed future income-based loan — available only to juniors, seniors and graduate students — is one of only a few available to borrowers with no credit, income or co-signer.
For its non-cosigned credit-based loan, student borrowers must have more than two years of credit history with a credit score of 680 or above and meet minimum income requirements.
Ascent borrowers can allocate overpayments to multiple accounts or a single account, and they also can make biweekly payments via autopay. These features help borrowers pay off debt faster.
Ascent at a glance
Generous forbearance options.
Offers co-signed and non-co-signed credit-based loan borrowers multiple in-school repayment options including interest-only, flat-fee and deferred.
Borrowers who don’t have a co-signer or credit history can qualify.
How Ascent could improve
Ascent could improve by offering:
Advertised fixed interest rates below 10%.
Ascent private student loan details
Before applying for an Ascent student loan
Before taking out an Ascent student loan or any other private student loan, exhaust your federal student loan options first. Submit the Free Application for Federal Student Aid, known as the FAFSA, to apply.
» MORE: NerdWallet’s FAFSA Guide
Compare your private student loan options to make sure you’re getting the best rate you qualify for. In addition to interest rates, look at lenders’ repayment alternatives and the flexibility they offer to borrowers who struggle to make payments.
If you aren't eligible for an Ascent student loan
If Ascent denies your student loan application, the lender will let you know why. Depending on the reason, you may want to consider other lenders or, if you haven’t already, try applying with a co-signer.
on Ascent's website
Frequently asked questions
Ascent is a five-star lender based on NerdWallet's student loan rating system. Our ratings prioritize low interest rates and flexible repayment options that allow borrowers to repay loans faster and avoid default.
Ascent offers a non-cosigned future income-based loan. This loan is available to students with no co-signer and no credit history.
International and undocumented students can apply for an Ascent student loan with a credit-worthy co-signer who is a U.S. citizen or permanent resident.