Ascent Student Loan Review 2021

0
36

[ad_1]

  • Ascent offers cash-back rewards to eligible borrowers after they complete their training.
  • You will not pay any clearance or prepayment fees with Ascent, although you may be charged late fees.
  • You can apply for an unaccompanied student loan, depending on your credit history and income.
  • Learn more about Insider student loan coverage here.

Pros and cons

Student Loans For Ascent Undergraduate Students

Regular annual interest rate

Variable: 1.85% – 10.35%, Fixed: 3.24% – 12.19%

  • Pros and cons

  • Details


  • pros
    • No prepayment or registration fees
    • Low minimum annual interest rate with a fixed rate
    • Lots of maturity options
    • Several ways to contact support
    • May be eligible to participate without an escort
    • Cashback reward after graduation
    Minuses
    • Credit check required
    • The late payment fee
    • Apply through your computer
    • Customer support is available by phone, email and post.
    • Provided that you are eligible, you will receive 1% of your original loan balance as a cashback bonus upon graduation.
    • Five, seven, 10, 12, 15 or 20-year repayment terms available (20-year maturity is only available for variable loans)
    • Unknown late fees
    • Loan minimum of $ 2,001, up to a maximum of 100% of the visit cost per trimester
    • The total maximum loan amount is USD 200,000.
    • Loans provided through Bank of Lake Mills, FDIC member

    Climbing has several options for repaying loans for five, seven, 10, 12, 15 or 20 years. The minimum rates on fixed undergraduate student loans are lower than most competitors. You can qualify for a 1% cashback from Ascent upon graduation.

    Ascent Graduate Student Loans

    Regular annual interest rate

    Variable: 1.87% – 11.10%, Fixed: 3.29% – 12.94%

  • Pros and cons

  • Details


  • pros
    • No prepayment or registration fees
    • Low annual interest rate
    • Several ways to contact support
    • May be eligible to participate without an escort
    • Cashback reward after graduation
    Minuses
    • Credit check required
    • The late payment fee
    • Apply through your computer
    • Customer support is available by phone, email and post.
    • Provided you are eligible, you will receive 1% of your original loan balance as a cashback bonus upon graduation.
    • Seven-year, 10, 12 or 15-year repayment terms available (15-year maturity is available for variable loans only)
    • Loan minimum of $ 2,001, up to a maximum of 100% of the visit cost per trimester
    • The total maximum loan amount is USD 200,000.
    • Loans provided through Bank of Lake Mills, FDIC member

    Climbing Graduate student loans don’t have as many maturity options as undergraduate student loans, but you still have a range to choose from. Ascent has a lower minimum annual return on fixed loans than most of its other competitors in its graduate loans, but its maximum annual rates at both fixed and variable rates are higher than most of its peers.

    Ascent comparison

    Climbing has low minimum fixed rates, but higher minimum rates on variable loans than comparable lenders – although your rates will depend on your unique financial situation. However, if you or your co-author does not have the best credit rating, Ascent’s maximum bachelor’s and variable loan rates are lower than the competition. This is what Ascent looks like:

    College Ave is the only company that allows you to pay your loan in full while you are in school. All three companies offer deferred, fixed, and interest-only repayment options.

    You will pay late fees with all three creditors, although Ascent does not disclose its late fees.

    You can choose maturities of five, eight, 10, or 15 years with College, while Ascent offers maturities of five, seven, 10, 12, 15, and 20 years on its student loans. Sally Mae will assign the length of your undergraduate loan term for five, 10, or 15 years.

    How Ascent Student Loans Work

    Climbing has student loans for many types of degrees, including bachelor’s, master’s, law, medicine, dentistry, doctorate, and MBA. You can get a loan with or without an applicant, but you will need to qualify based on your income and credit if you don’t have one. You can apply to release your co-author after two years of consistent and timely payments.

    Before applying for private student loan, also with Ascent, look for federal student loan options… You can usually get the best deal and protection through the government.

    You must meet the following requirements get a student loan:

    • Be a U.S. citizen, permanent resident, temporary resident with an eligible applicant, or have DACA status
    • Be enrolled in a school on the Ascent network part-time or more
    • Pass a credit check or ask an employee who can pass it
    • Have a minimum income of $ 24,000 for the current and previous year from you or your partner.
    • Have a two-year credit history without a sysiner

    You will need to provide the following information apply for a loan online:

    • In which state of the United States is your school located
    • School you attend
    • Cumulative grade point average
    • Large
    • Enrollment status
    • Information about whether you are attending classes online, in person or at the same time
    • Expected graduation date
    • Email, address and phone number
    • Social Security number and date of birth
    • Monthly rent or housing payments
    • Current employment status and annual income
    • The term for which you want to receive a loan and financial assistance that you are already receiving
    • Loan amount requested
    • Information about whether you need a curator

    There are several options for contacting Ascent support. You can call the company from 6:00 am to 6:00 pm Pacific Standard Time Monday through Thursday, or 7:00 am to 4:00 pm Pacific Standard Time on Friday and Saturday. You can also email the lender or send a physical letter to their San Diego address.

    If you are unable to make payments due to COVID-19, you may be eligible for a loan waiver from Ascent with its Disasters / Pledged Extraordinary Abstinence option. This allows you to defer payments on Ascent loans for up to three months if a natural disaster, local or national emergency, or military mobilization is declared.

    Unpaid interest will accumulate while your loans are deferred and will be capitalized, meaning it will be added to your total loan amount when the grace period ends. Contact Ascent for this option.

    What options do I have to pay off my Ascent student loan?

    You have three options for paying off your student loan after you have taken it out: deferral, minimum amount, and interest rate. Each option has its own advantages for different types of borrowers.

    With deferred payments, you won’t pay off your balance before the grace period expires, so this is generally the most expensive option. Interest-only payments will cost the most while you are in school, but in general they will cost the least because you will not receive interest while you are in school.

    Is Ascent Trustworthy?

    Climbing It has A + in reliability from Better Business Bureau. A top-notch BBB rating means that the company effectively responds to consumer complaints, is honest in its advertising and speaks openly about its business practices.

    Although Ascent has an excellent BBB rating, you are not guaranteed to have a good relationship with the company. You should look at online customer reviews and see if any of your friends and family have experience with a lender.

    Ascent has had no controversy over the past few years, so you may decide that it is convenient for you to take a student loan from a lender.

    [ad_2]

    Source link