Ascent Funding is a private loan company that prioritises students by offering student loans for education and consumer loans for boot camps. As with other loan providers, students can apply for an Ascent student loan that needs a cosigner. However, Ascent also provides non-cosigned loans that might be based on a student's credit or future earning prospects. Ascent Funding was established in 2015 and is headquartered in San Diego. Students who are neither U.S. citizens nor permanent residents, or who have Deferred Action for Childhood Arrivals status - termed "Dreamers" – are eligible to apply for Ascent private student loans.
Loan Margin: NIL
Processing Fees: Nil

Ascent is on a mission to provide access to education for millions of underserved students every year. We believe education is an investment in students’ futures, and we want to empower students of all economic backgrounds and disciplines to maximize the return on that investment.

Features Of Ascent Abroad Education Loan

Sr. NoFeaturesEducation Loan Details
1Loan amountMinimum Loan Amount - $2,001 Maximum Loan Amount - $200,000
2Margin moneyNil
3Processing feeNil
4Processing timeDepends on student profile.
5Loan tenure20 Years (5, 7, 10, 12, 15, or 20 Years)
6Prepayment chargesNil
7Countries coveredUSA

Benefits of Ascent Abroad Education Loan

No Application, Origination, Or Disbursement Fees
Since obtaining an Ascent student loan is an online process from the application to the disbursement of the loan, you can carry out the whole process at no extra costs and obtain your loan.
Flexible Options
Ascent Funding provides students with flexible repayment options wherein you can pause or reduce payments. You can use Ascent's Progressive Repayment option if you need to make reduced instalments after graduation. If you qualify, Ascent even offers significant deferral and forbearance alternatives.
No Prepayment Penalty
In case you repay your student loan, there will be no penalty fees. If you pay off your loan early, you'll have cheaper monthly payments after you graduate.
Discounts & Cashbacks
Ascent Funding provides an autopay discount as well as a cashback graduation incentive. Students can get a 0.25 percentage point autopay discount on their Ascent student loan by scheduling automatic payments via a personal bank account. When you make automatic payments from a checking account on a future-income-based college loan with no co-signer, the discount increases to 1.0 percentage points.
Build Credit In Your Own Name
U.S. citizens, permanent residents and DACA have the option to release their cosigner after 24 consecutive on-time payments and meeting other criteria. -Outcomes-Based Non-Cosigned loan option for juniors and seniors that are U.S. citizens, permanent residents or DACA students that meet certain eligibility requirements.
Fast & Easy
Check your pre-qualified rates in minutes without impacting your credit score.
No Fees
No application, origination, or disbursement fees AND there’s no penalty if you pay off your loan early.
Free Resources And Apps
Ascent incorporates financial wellness throughout the application process and offers additional free resources to help you thrive throughout college and beyond.
More Access
One of few lenders helping DACA students.
The Most Repayment Terms
5, 7, 10, 12, 15, or 20-Years depending on loan type.

Ascent has been names named Best Private Student Loan by Forbes Advisor and NerdWallet (to name a few) because Ascent offers great rates and benefits for students and cosigners:

Benefits Of Getting Your Ascent Abroad Education Loan Through UniCreds

Higher Chance Of Approval
By applying for your education loan through UniCreds, you are increasing your chances of approval. Generally, banks dismiss applications if they find any missing documents, property issues, or any other problem. With UniCreds, we will immediately reach out to Ascent officials and find the best solution.
Online Submission Of Documents
With UniCreds, you can submit all the required documents from home! There won’t be any need to visit the branch. Simply head over to our website and submit all the documents there. There won’t be a possibility of not submitting an essential document, as our system is designed to ensure all essential documents are submitted.
No Cost To You
All our education loan services are completely free of cost.

Calculate EMI for Education Loan

Loan Amount

Interest (p.a)

Loan Duration

Course Duration

Grace Period

Monthly EMI
Principal Amount
Total Interest
Total Amount
Loan Amortization Schedule

Following table show the year wise payment schedule.

MonthOpening Balance (₹)Interest Paid (₹)Principal Repaid (₹)Closing Balance (₹)
Month
1
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
2
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
3
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
4
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
5
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)

Eligibility Criteria For Ascent Abroad Education Loan

Sr. NoTypeRequirement
1Can students that are Non-U.S. citizens apply for an Ascent college loan?Yes. Individuals may apply as a borrower or cosigner based on their citizenship status as follows: 1. U.S. Permanent Residents – as a solo borrower, as a cosigner or as a borrower with a qualified cosigner. 2. Deferred Action for Childhood Arrival (DACA) status – as a solo borrower or as a borrower with a qualified cosigner. 3. International Students/U.S. Temporary Residents – as a borrower with a creditworthy cosigner who is a U.S. citizen or permanent resident. NOTE: Students that don’t reside in the United States or U.S. territories will be required to provide evidence they will be living and attending school in the U.S. We’re unable to fund students taking classes outside of the U.S.
2For the Borrower & Co-Signer:Ascent Funding takes into account a variety of factors, including creditworthiness, school, programme, graduation date, major, tuition and fees, and others. Ascent loans are available to college students (both undergraduate and graduate) who are enrolled at least half-time in a degree programme at a qualifying school. You must fulfil Ascent's income standards if you are a student borrower without a cosigner and have at least two years of credit history. Student borrowers must have a minimum gross yearly income of $24,000 for the current and preceding years, as well as a monthly debt-to-income ratio of less than 50%. Co-signers must have a gross yearly income of at least $24,000 in the current and preceding years.
3Eligible Courses:MBA Dental Law Medical General & PhD
4Documents Required For An Ascent Student LoanThe online loan application is simple, but you must keep specific papers on hand in order to finish the application in one sitting. ID proof (photo ID) Social security number School information Estimated financial aid Employment information Proof of income Contact details for one reference Furthermore, a hard credit check is required. If you want to check if you're pre-qualified for any of the loan alternatives, Ascent provides an eligibility check that includes a soft credit check that won't affect your credit score.

Documents Required for Ascent Abroad Education Loan

Sr. NoTypeDocuments Required
1International StudentA VISA that does not expire within 6-months of the end of the enrollment period for which the loan is being requested. with an acceptable category as follows: F-1, F-3, G Series, H-1B, H-1C, H-3, J-1, L-1, M-1, M-3, T-1, TN Or An I-20 Form (pages 1 & 2 and signed by the school) and an unexpired passport from country of origin.
2DACA StudentProvide documentation from the U.S. Department of Homeland Security / U.S. Citizenship and Immigration Services (USCIS) that indicates DACA status that does not expire within 6-months of the end of the enrollment period for which the loan is being requested.
3Domestic StudentProvide a Permanent Resident Card.

Loan Repayment For Ascent

For borrowers in financial hardship, payments may be suspended at the lender's discretion. While the borrower is in college, Ascent provides three different repayment options. Fully deferred, interest-only, and $25 minimum repayment options are among them. Some variable-rate graduate student loans may have a repayment duration of up to 20 years, while other variable-rate loans may have a repayment length of 15 years and fixed-rate loans may have a repayment time of 15 years. The minimum loan amount is $2,001, and students must be enrolled at least half-time at a qualifying school.

How To Apply For Ascent Abroad Education Loan?

1. Apply Online You can begin your application once you've verified your eligibility. Applicants can either check online or receive a callback from one of our expert education loan advisors. Based on your circumstances, our expert counsellors can assist you in obtaining an Ascent student loan without or with collateral. Once you've changed your profile information, our counsellors will completely review it and, based on your eligibility, provide you with the next set of steps. 2. Documentation UniCreds helps candidates with uploading their documents and paperwork online, sparing you the hassle of going to the bank and thereby enabling you to do it from the comfort of your own home. Furthermore, to speed up the process, UniCreds sends you a personalised set of documents to provide from your end on the basis of your profile and the kind of loan you've applied for. 3. Loan Approval Once the banker receives the documents that you’ve submitted, they are uploaded online for approval. Above-average students have a higher probability of receiving 90 per cent of their financing as well as a lower rate of interest on the loans. Since most loan approvals are received via email, keep an eye out for any email pertaining to your loan amounts, interest rates, moratorium period, and payback period. 4. Loan Disbursal Since this is an entirely online process, borrowers will use the Ascent portal to ensure that the loan is approved, sanctioned, and then rightfully disbursed.

Frequently Asked Questions

What is Ascent?
Ascent is an innovative private student loan program that provides access to higher education funding for an expanded population of undergraduate and graduate students, while encouraging the financial wellness of students and their families. We advocate awareness of the potential financial outcomes of your higher education choices (school, major, years in school, financing your education), helping you visualize where your career could go and what it could be – encouraging better decisions today to open up greater future opportunities.