Updated: June 9, 2021

Ascent Graduate Student Loan Review

General Graduate Student Loans

The bottom line:

Ascent's graduate loan provides remarkable flexibility when it comes to repayment, having a cosigner, and satisfying credit requirements. We rate them as one of the best lenders.

Pros

  • Offers cosigned and non-cosigned loan options
  • Offers a graduated repayment plan
  • You can borrow up to the full cost of attendance

Cons

  • Only offers a 10-year repayment term for Borrowers choosing the Fixed Rate
  • Cosigner release offered only for US citizens and permanent residents
  • They charge a fee on late payments
Advertising disclosure
Graduate
Student Loan Rating
4.5 of 5
Fixed APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.39% - 13.41%
Variable APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
2.17% - 11.87%
Repayment Terms
7 years, 10 years, 12 years, 15 years
Important Information

Rewards: Auto-Debit Discount, Graduation Reward, Current Customer Discount

Yearly Borrowing Limit: $200,000

Overall Borrowing Limits: $1,000 (minimum), $200,000 (aggregate maximum)

Cosigner Terms: Cosigner is optional, offers Cosigner Release after 24 months of on-time payments

Wondering how much that loan is going to cost you? Check out our free Loan Calculator!
Input your loan terms and we’ll tell you how much you can expect to pay monthly and in total

You’ll notice we rate Ascent highly compared to other lenders, and there’s good reason for that. Their loan is flexible when it comes to repayment and less stringent when it comes to qualifying. 

Here’s what makes them special: they provide cosigned and non-cosigned loan options, they offer a graduated repayment plan, and you can borrow up to the full cost of attendance at your school. Like other lenders on our list, they don’t charge application, origination or guarantee fees, and they offer fixed and variable interest rates (which are among the lowest in the market). If you choose to repay your loan early, they won’t charge you prepayment penalties. And when it comes to rewards, borrowers enjoy an auto-debit discount, graduation reward and current customer discount.

Too good to be true? Well, like anything in life, there are drawbacks. You can borrow up to the full cost of attendance with Ascent, but that is limited to an annual and aggregate maximum of $200,000. As for repayment terms, if you choose the fixed rate, you will only have the 10-year repayment option available. And if you are planning on getting your cosigner released, that option is only available for US citizens and permanent residents.

Ascent Student Loans - Private Student Loan Details

Interest Rates, Fees and Terms
  • Credit Check: Not specified by lender
  • Repayment Terms: 7 years, 10 years, 12 years, 15 years
  • Minimum Borrowing Limit: $2,001
  • Yearly Borrowing Limit: $200,000
  • Aggregate Borrowing Limit: $200,000
  • Application Fee: None
  • Origination Fee: None
  • Prepayment Penalty: None
  • Late Fee: Yes
Requirements to Qualify
  • Minimum Credit Score: None
  • Minimum Anual Income: None
  • Maximum Debt-to-Income Ratio: None
  • Citizenship Restriction: Available to Citizens, Permanent Residents, DACA students, and International Students with a credit-worthy Citizen or Permanent Resident cosigner
  • Minimum Enrollment Restriction: Half-Time
  • List of States where Loan is Not Available: None
  • Approved Schools Include: Not specified by lender
Repayment Options
  • Immediate Principal and Interest Repayment: None
  • Fixed Monthly Repayment: Yes, 25
  • Interest-Only Repayment: Yes
  • Full Deferment: Yes
Repayment Details
  • Length of Grace Period: 9 months
  • Maximum Deferment Period: 48 months
  • Maximum Forbearance Period: 24 months
  • Cosigner Release Option: Yes, after 24 months on-time payments
  • Death Discharge: Yes
  • Disability Discharge: Yes
Customer Service
  • US-Based Call Center: Yes
  • Hours of Operation (in addition to weekdays): No Evenings or Weekends
  • Application Timeline: 1-2 business days to review required materials
Extras
  • Scholarship Search Tool: Yes
  • Sponsors a Scholarship: Yes
  • Job and Career Assistance: Yes
  • Financial Literacy Training: Yes
Ascent Student LoansEarnestCollege Ave
Rates from (APR) i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
Fixed:
3.39% - 13.41%
Variable:
2.17% - 11.87%
Fixed:
3.49% - 10.99%
Variable:
1.05% - 9.89%
Fixed:
4.24% - 11.98%
Variable:
1.89% - 10.97%
Loan repayment terms (Years)7 years, 10 years, 12 years, 15 yearsUp to 15 years5 years, 8 years, 10 years, 15 years
Cosigner release?Yes, after 24 months on-time paymentsNoneYes, after 24 months on-time payments