Ascent Funding Review 2025 - Complete Guide and Customer Reviews

Written by Joe Chappius

- Nov 28, 2025

Adheres to
Reviewed by Ricardo Laizo

Ascent Funding offers student loans with competitive fixed APRs starting at 3.39% and no hidden fees, making costs transparent. Terms are flexible, clear, and student-friendly.

Customer support is excellent - same-day replies with detailed, specific answers, including clarification on credit checks and score impact, showing a high level of helpfulness and transparency.

Overall, Ascent stands out for its borrower-focused approach and reliable support

  • Multiple Loan Options for Different Needs: Ascent offers three distinct loan types: Cosigned Credit-Based loans, Non-Cosigned Credit-Based loans, and Non-Cosigned Outcomes-Based loans. This variety provides financing options for students.

  • Flexible Repayment Options: Borrowers can choose from multiple repayment plans, including deferred payments (pay after graduation), interest-only payments while in school, or immediate full principal and interest payments.

  • Graduation Reward Program: Ascent offers a 1% cash-back graduation reward to eligible borrowers who graduate from their degree program. This unique benefit provides financial relief to students who successfully complete their education.

This company is not recommended

We would just like to make you aware that Ascent is not verified Financer partner. Consider other top options below.

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How Ascent compares - Financer Score™

Financer score™ is our own point system which is updated live and based on several criteria that gives you a balanced view of the company quality.

Financer Score™88

Pricing

100

APRs range from 3.09% to 16.99%, which the latter is somewhat above market average for student loans. No origination fees is a plus, but rates can get quite high for non-cosigned options.

Customer Support

100

Same-day reply with clear, specific answers on credit check process and score impact. Very helpful support.

Terms and Flexibility

100

Offers flexible repayment options including interest-only, deferred, and fixed $25 payments during school. Clear terms with good forbearance options and graduation rewards show commitment to transparency.

Popularity

76

The popularity score indicates the percentage of customers choosing this company the last 90 days.

Customer Experience

Customer experience are very good, since Ascent shows up both good conditions and good customer support.

Review this companyRead reviews

Ascent Funding Student Loan in Ascent – Details

Terms & fees

Loan amount$2,000 - $400,000
Term5 years - 20 years
Annual interest rate3.09% - 16.99%
Origination fee0%
Monthly fees$25 as Minimum Payment

Requirements

Minimum age18
Minimum income$2,000
National bank requiredYes
National phone number requiredYes
Citizenship requiredYes
Electronic identificationYes

Features

Cosigner possibleNo
Revocation periodNo
Accept bad credit historyYes
Weekend payoutNo
Loan extensionsYes
Early paybackYes
Payment within 24 hoursNo
Loan brokerYes
Interest free loanNo

Additional fields

Payment hours7am-5pm
High approval rateNo
Recommended companyNo

Company information – Details

Company nameAscent
Websitehttps://www.ascentfunding.com
Phone(877) 216-0876
Emailhelp@ascentfunding.com
AddressAscent Funding, LLC, 501 W Broadway, Ste A150, San Diego, CA 92101, US - MapQuest
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Ascent Funding is one of the few student loan lenders that allow borrowers to qualify for loans without having a co-signer.

Ascent is a good option for borrowers with a limited credit history and for international students who may not qualify for other types of loans.

The company offers multiple payment options depending on the loan type. You can pay only the interest on the loan while you’re still in school and make full payments when you graduate or pay nothing until your grace period ends.

Ascent also offers the choice of making fixed monthly payments while you’re still in school and continuing with full payments when you graduate.

While Ascent’s eligibility criteria make it easy to qualify for a loan, its loans may be more expensive than other providers.

Apply for an Ascent Funding loan now

How We Rate Ascent Funding

At Financer, all lenders go through a thorough research and review process. Here’s how we rate Ascent Funding:

CategoryRating
Affordability⭐⭐⭐
Application process⭐⭐⭐⭐
Loan terms⭐⭐⭐⭐
Transparency⭐⭐⭐⭐
Customer support⭐⭐⭐⭐
Overall⭐⭐⭐⭐

Do We Recommend Ascent Funding?

Yes, we recommend Ascent Funding as a reliable lender. Skip to our full review below and see how we rate Ascent Funding.

Want to skip the details? Jump to our final verdict here.

Ascent Funding Overview

Ascent Funding is a private lender that offers student loans for U.S. and international students. They offer both graduate and undergraduate loans as well as loans for coding boot camps.

Ascent was created to increase access to student loans for borrowers who might not be qualified for other types of financial aid. For instance, they work with foreign students as well as those without credit records.

While Ascent Funding processes loan applications, it is not a direct lender; the Bank of Lake Mills issues its undergraduate and graduate loans, and Launch Servicing is responsible for loan servicing.

Loan offerings range from $2,001 to $200,000 and APRs start from 5.74%. Ascent offers fixed and flexible APR and flexible payment options. 

Borrowers in all 50 states can apply. Both co-signed and non-co-signed options are available. However, borrowers who apply with a co-signer can be eligible for lower rates than those who do not.

Here’s a quick summary of Ascent Funding:

OverviewFeatures
Loan type:Student loans
Loan amount:$2,000 to $400,000
Loan term:Up to 20 years
APR:From 5.74%.
Min. credit score:None
Monthly fees:None
Payout time:One business day
Weekend payout:No
Requirements:U.S. citizen, permanent resident, DACA studentCo-signer required for international studentsAge of majority in your state of residenceEnrolled in an Ascent-approved school

Ascent aims at increasing access to student loans for borrowers who might not qualify for other types of financial aid. For example, they work with foreign students as well as those without credit records.

While Ascent Funding processes loan applications, it is not a direct lender; the Bank of Lake Mills issues its undergraduate and graduate loans, and Launch Servicing is responsible for loan servicing.

Want to find out more about the full range of offerings? Read our Ascent Funding review below or view ****Ascent Funding reviews from customers.

Who Is Ascent Funding For?

Ascent Funding is for borrowers that may not qualify for other forms of financial aid. Ascent’s eligibility criteria mean that even borrowers with limited credit histories can qualify for a loan. For example, Ascent Funding is a good option for international students looking for education loans. 

If you’re looking for the best loan rates and you have an excellent credit score, you may want to consider other lenders that can offer you competitive rates.

Eligibility Requirements

To qualify for a loan offer from Ascent, you have to meet the following criteria:

  • Be a U.S. citizen, permanent resident, DACA student, or international student. 

  • Have a U.S. citizen or permanent resident as a co-signer if you are an international student. 

  • Have at least 2 years of credit history and earn at least $24,000 per year or have a co-signer that meets that requirement. 

  • You must be the age of majority in your state of residence. 

  • Must be pursuing a bachelor’s or graduate-level degree in an Ascent-approved institution. 

Who It’s For

Ascent Funding may be a good option for you if:

  • You have a limited credit history 

  • You are an international student

  • You don't qualify for other types of financial aid

  • You’re looking for a loan with a longer grace period

Who It’s Not For

Ascent Funding may not be a good option for you if:

  • You want the lowest APR rates

  • You are not enrolled in an Ascent-approved institution. 

How to Apply for an Ascent Student Loan

Applying for an Ascent loan is a simple and straightforward process. Here are the steps:

Visit the Website and Submit Your Details

Go to the Ascent Funding website and click on the ‘Apply Now’ button.

Get a Decision Based on Your Submission

You will get a preliminary decision based on the information you submitted.

Choose a Loan

Choose a loan and complete the full application.

Wait for Your Application to be Reviewed

Once you are done with the application, Ascent will review your information and contact your school for certification.

Sign the Agreement and Upload to the Portal

Next, you will need to sign the agreement and upload it to the portal.

What To Consider Before Applying

  • Before applying for an Ascent loan, ensure you are enrolled in an Ascent-approved institution.  

  • Decide whether you want a fixed or variable interest rate and decide which repayment plan suits you best. 

Ascent Funding Fees

  • Ascent only charges late payment fees of five percent of the total payment (or $10) and a flat fee of $15 for returned payments. There are no early payments, extra payments, or origination fees.

  • APRs differ depending on the kind of loan you are applying for. APRs for cosigned loans range from 4.62% to 14.91% for fixed rates or 5.74% to 14.51% for variable rates. 

  • APRs for credit-based student loans range from 9.63% to 16.16% for fixed rates or 9.39% to 15.76% for variable rates. 

  • APRs for outcome-based student loans range from 12.52% to 14.01% for fixed rates or  12.25% to 14.21% for variable rates. 

Ascent Funding Payment Terms

Ascent’s repayment terms range from 5 years to 20 years depending on loan type. The lender offers multiple repayment options such as: 

  • Interest-only payments: Pay only the interest on the loan while you are in school and make full payments when your graduate. Paying only the interest on your loan keeps the loan amount from growing while you’re in school.

  • Deferred payments: Pay nothing until your nine-month grace period ends (twelve months for dental students). If you choose to defer payments, the interest on your loan will accrue but no payments will be due before the expiration of the grace period. 

  • $25 payments: Make fixed monthly payments of $25 per month while you are still in school and make full payments when your grace period ends. By making $25 payments while you’re in school and during the grace period, you will lower the amount of interest on your loan. 

How Financer Rates Ascent Funding

Is Ascent Funding legit? Yes, at Financer we recommend Ascent Funding.

At Financer, all lenders go through a thorough research and review process. We don’t make recommendations lightly.

Ascent student loans are affordable and the company is a reliable lender. Apart from offering traditional co-signed loans, non-co-signed credit-based loans, and non-co-signed future income-based loans, Ascent is also among the best when it comes to payment flexibility.

It’s easy to see if you qualify without hurting your credit and we believe that Ascent student loans can be a good option for students with a creditworthy co-signer.

One drawback of Ascent private student loans is that interest rates are somewhat higher, especially if you don’t have a co-signer.

That being said, Ascent Funding is definitely a good choice for borrowers looking for private student loans that don't require a co-signer.

Application process

Applying for an Ascent loan is an easy and straightforward process. However, it can take time for your loan application to be approved since Ascent usually contacts your school to certify the loan. 

Costs

Ascent only charges late payment fees of five percent of the total payment (or $10) and a flat fee of $15 for returned payments. There are no early payments, extra payments, or origination fees.

APRs start at 4.62% (fixed) and 5.74% (variable) and are capped at 16.16% (fixed) and 15.76% (variable).

Payments

Ascent Funding offers repayment terms that range from 5 years to 20 years depending on loan type.

Customer Service

Ascent provides customer service via phone, email, and an automated chatbot on the site. The lender also has a library of help documentation on its site.

For inquiries or complaints, you can contact Ascent directly at (877) 216-0876 to speak with an Ascent official from Monday to Thursday (7 am to 5 pm PST) and Friday (7 am to 4 pm PST).

You can also send an email to help@ascentfunding.com.

Privacy and Security

Due to the sensitive nature of the information it collects, the Ascent site is secured via 256-bit encryption security. 

Apply for an Ascent Funding loan now

Ascent Funding - FAQs

How much can I apply for?

The loan amount is limited to the total cost of attendance for one full academic year. The maximum for undergraduate loans is $200,000 ($400,000 for graduate loans).

Can I get a student loan without a co-signer?

Yes. You can get a student loan without a co-signer if you meet the requirements. You need to be a U.S. citizen, U.S. permanent resident or have DACA status. You also need an income of at least $24,000 annually and a credit history of at least two years.

What can I use my student loan for?

When approved for a student loan, Ascent will send the money to the school first. They will apply the loan funds to your tuition and send any leftover money to you.

Can international students apply for a loan?

Yes, undergraduate and graduate international students can apply for student loans from Ascent.

Ascent Funding Alternatives

Here’s a list of alternatives to Ascent Funding and how they compare:

LenderReviewsLoan AmountAPRMax. Loan TermBad Credit?
LendKeyView$5,000 - $300,0004.49-10.68%Up to 20 yearsNo
UpstartView$1,000 to $50,0006.50% - 35.99%Up to 5 yearsYes
EarnestView$1,000 to 100% of school cost4.79% to 13.50%Up to 15 yearsNo

Should you take a loan with Ascent Funding?

If you are looking for a student loan and have a limited credit history or are an international student studying in the U.S. then Ascent is one of the few providers out there with eligibility criteria that you can easily qualify for.

Ascent’s payment terms mean that you can defer payments until you graduate or alleviate your debt burden with fixed $25 payments monthly.

You can also choose to pay only the interest on the loan while you are in school and make full payments when your graduate.

Read more Ascent Funding reviews from customers below or add your own.

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