Updated: August 11, 2020

Ascent (Goal Structured Solutions): Private Student Loan

Non-Cosigned Future Income-Based Loan (Undergraduate)

Undergraduate
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.
5.53% - 16.50%
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.
4.72% - 15.00%
Repayment Terms
10 years
Important Information

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

Yearly Borrowing Limit: $200,000, normally, but $20,000 for the Non-Cosigned Future Income-Based Loan

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

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

The bottom line:

Ascent offers three different lending products that provide remarkable flexibility when it comes to having a cosigner and satisfying credit requirements. We rate their Non-Cosigned Future Income-Based Loan the best, though it is limited to $20,000 annually.

Pros

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

Cons

  • Borrowers of non-cosigned loans must be college juniors or seniors
  • Borrowers of non-cosigned loans are not offered the fixed or interest-only repayment options
  • They charge a fee on late payments
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You’ll notice we rate Ascent highly compared to other lenders, and there’s good reason for that. They offer three different lending products that are each flexible when it comes to repayment and less stringent when it comes to qualifying. The best of their three loan programs is the Non-Cosigned Future Income-Based Loan, which boasts the highest ranking of all private student loans.

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 their Non-Cosigned Future Income-Based Loan is limited to an annual maximum of $20,000. Their non-cosigned loans are also restricted to juniors and seniors. Meaning, if you’re a freshman or sophomore, you’ll need to have someone cosign your loans. Additionally, if you go down the non-cosigned route, you get the option of fully deferring your loan payments, but not of paying a fixed amount each month or the interest-only payments (which both help reduce your total student loan debt).

Ascent (Goal Structured Solutions) - Private Student Loan Details

Interest Rates, Fees and Terms
  • Credit Check: Not specified by lender
  • Repayment Terms: 10 years
  • Minimum Borrowing Limit: $1,000
  • Yearly Borrowing Limit: $20,000
  • 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 Yearly 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
  • List of States where Loan is Not Available: None
  • Minimum Enrollment Restriction: Half-Time
  • Approved Schools Include: Not specified by lender
Repayment Options
  • Immediate Principal and Interest Repayment: None
  • Fixed Monthly Repayment: None
  • Interest-Only Repayment: None
  • Full Deferment: Yes
Repayment Details
  • Length of Grace Period: 6 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 (Goal Structured Solutions)EarnestCollege 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:
5.53% - 16.50%
Variable:
4.72% - 15.00%
Fixed:
4.20% - 13.03%
Variable:
1.49% - 11.69%
Fixed:
4.24% - 13.24%
Variable:
1.49% - 12.23%
Loan repayment terms (Years)10 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