A good loan for an undergraduate student is a great solution to have more money to do more things in your studies, whether it’s to finance a full degree, fund courses, buy materials, or any other need that exists – it’s all very practical, simple, and fast.
If you fit this profile, you are in the right place. In this article you will learn all about Ascent Funding Loans and how you can earn with them. Everything is quite simple, from the application process to the payment terms. You can get up to $200,000 in loans, which can be quite useful for improving and expanding your studies or any other course.
Are you ready to apply for an Ascent Funding Loan ? Read on to learn all about this provider, as well as its advantages, cons, and how to apply.
Ascent Funding
APR 3.89-13.16% Pay your loan in up to 15 yearsHow does Ascent Funding Work
Whether you have a fair or bad credit score, feel free to change your student life – Ascent Funding offers amazing minimum APR rates from 3.89% to 13.16%, with loan amounts from $2,000 to $200,000, with quick issuance of the amount, tracking of the entire process by App and more.
Another important point is that Ascent Funding is very flexible and user-friendly, where borrowers can choose from repayment terms of five, seven, 10, 12, 15 and 20 years. There are also several flexible payment methods available for undergraduate and graduate loans.
Who is Ascent Funding for?
Ascent Funding is designed to help undergraduate, graduate students in the country and even international students. The annual percentage rates for undergraduate students are between 2.52% to 11.11% and flat rates from 3.89% to 13.16% based on your loan and your creditworthiness. All of these come with an automatic payment discount of 0.25 percentage point and a 1% discount on the highest rate.
On the other hand, graduate student rates have variable APRs from 2.79% to 13.12% and fixed APRs from 4.20% to 15.00% based on your loan and your creditworthiness. The rates come with an automatic payment discount of 0.25.
Main Advantages for Ascent Funding
Ascent Funding is available throughout the US and offers great interest rates and good payment terms for most students. But there is a little more to this line of credit that may convince you to get a loan and fulfill your study dreams.
Some advantages include:
- Get APR 3.89-13.16%
- Pay your loan in up to 15 years
- Apply for loans from $2.000 to $200.000
- Up to 24 months of financial hardship tolerance
- Borrowers may qualify for a 1% cash back graduation reward
- Qualify for a loan without a cosigner or established credit history
- International students are eligible for loans with a qualified co-signer
Ascent Funding is an easy-to-use system that allows any student to get a loan. Which can be a great way to get rid of the high interest on other debts or give your study projects a boost.
Cons for Ascent Funding
Ascent Funding has some negative points that should be explored and discussed here. The first of these is the fact that the loans available do not include freshmen or sophomores, where only third-year, senior, and graduate students are eligible for them.
In addition, it is important to mention another point, concerning the interest rates that can be higher than the interest rates of competitors – this is due to the increased risk assumed by the lender.
How to Qualify for Ascent Funding
In general, you need to meet the following criteria to qualify for an Ascent loan:
- You must be the age of majority in your state.
- You must be enrolled in a qualified full-time or part-time institution.
- You must be a US citizen, permanent resident or have DACA status; if you are not a US citizen or permanent resident, you may qualify for a loan if you have a creditworthy guarantor that is.
You can apply directly through Ascent’s website. There you will have to fill out a form with basic information before you can get an approval.
How to Apply
To get this application, the best way to apply is online through the application form made available on the official Ascent Funding website.
Before applying for a loan, make sure you have evaluated your credit report and read all the details in the fine print to avoid confusion when the monthly payment due arrives. Ascent Funding will likely conduct an affordability assessment before providing access to funds.
Conclusion
Ascent Funding Loans provide a comprehensive and flexible solution for students seeking financial assistance for their education. With competitive interest rates, high loan amounts, and varied repayment terms, Ascent Funding caters to a wide range of student needs.
Key Benefits:
- Competitive APRs and flexible repayment options.
- High loan amounts up to $200,000.
- Financial hardship tolerance and cash back graduation rewards.
- No cosigner requirement for many students, including support for international students with a qualified co-signer.
Considerations:
- Limited to third-year, senior, and graduate students.
- Potentially higher interest rates compared to some competitors.
If you are an undergraduate, graduate, or international student looking for financial support, Ascent Funding offers a straightforward application process and numerous benefits that can help you achieve your educational goals. Make sure to evaluate your eligibility, compare rates, and consider the repayment terms to make an informed decision.
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