What are my private student loan options?

Ascent Student Loan

Ascent Independent Logo


(Note: While this non-cosigned loan is only available to eligible college juniors, seniors, and graduate students, we do offer cosigned loans for college freshman and sophomores as well. Check out our Ascent Tuition Loan to learn more.)

Ascent is built around one guiding principle: Student loans should expand your possibilities, not limit them. That’s why we created the revolutionary Ascent Independent loan for college juniors, seniors and graduate students without a cosigner. We give you more opportunities to qualify for a loan in your own name. Eligibility, loan amount and other loan terms are dependent on a number of factors which may include: other financial aid, creditworthiness, school, program, graduation date, major, cost of attendance and other factors. APPLY NOW!

You're More Than Just a Credit Score

Ascent Independent is a revolutionary private student loan that may help eligible college juniors, seniors and graduate students pay for college without a cosigner. (See eligibility requirements below.)

  • Apply without a cosigner — Build credit in your own name
  • Choose from affordable fixed or variable rates1
  • Variable APR: 5.87% – 13.15%1
  • Fixed APR: 6.71% –  13.47%1
  • Check your eligibility in just minutes 
  • No application, origination or disbursement fees
  • 1% Cash Back Graduation Reward9
  • No penalty if you pay your loan off early
  • Flexible plans — Postpone payments until after leaving school
  • Get a discount if you set up automatic payments
  • Cover your college tuition and living expenses5 with a minimum loan amount of $2,000 and up to $200,000 (or total cost of attendance less aid received)
  • Customer service that is 100% U.S. - based
  • Tools for Financial Success

    It's wrong to lose your financial freedom before you've even had a chance to earn it! As your financial partner, we want to set you up for future financial success. Ascent offers you free financial tools as part of the application process.

    Your Support Team

    Our team of trusted advisors is 100% U.S.-based and committed to you. From your application to your final payment, we’ll be with you every step of the way.


    • Ascent Independent considers several factors which may include: creditworthiness, school program, graduation date, major, cost of attendance, and other factors that could allow for students to obtain a loan in their own name without a cosigner.
    • Ascent Independent loans are for college juniors, seniors and graduate students that are full-time enrolled in a degree program at an eligible institution.
      • MUST be U.S. citizens or have U.S. permanent resident status
      • MUST have satisfactory academic performance of 2.5 GPA or greater

    Loan Forgiveness & Forbearance

    The Ascent Independent loan includes deferment and forbearance options: Active Duty Military Deferment, In-School Deferment, Residency / Internship Deferment and Temporary Hardship Forbearance. The loan is forgiven if the student dies or becomes totally and permanently disabled.



    Before taking out private student loans, you should explore and compare all financial aid alternatives, including grants, scholarships, and federal student loans and consider your future monthly payments and income. Applying with a cosigner may improve your chance of getting approved and could help you qualify for a lower interest rate. Ascent Student Loans may be funded by Richland State Bank (RSB) or Turnstile Capital Management, LLC (TCM), which are not affiliated entities. Certain restrictions and limitations may apply. Ascent Student Loan products are subject to credit qualification, completion of a loan application, verification of application information and certification of loan amount by a participating school. All loan products may not be available in certain jurisdictions. Other terms and conditions apply. Ascent is a federally registered trademark of TCM and may be used by RSB under limited license. Richland State Bank is a federally registered service mark of Richland State Bank.

    1Variable rate loans are based on a margin between 2.00% and 11.00% plus the 1-Month London Interbank Offered Rate (LIBOR) rounded to the nearest 1/100th of a percent. The current LIBOR is 2.481%, which may adjust monthly. Your interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an Annual Percentage (APR) range between 4.23% and 13.23%. Fixed rate loans have an APR range between 5.08% and 14.16%. Competitive rates calculated monthly at the time of loan approval. (Rates are effective as of 05/01/2019 and include a 0.25% discount applied when a borrower in repayment elects automatic debit payments via their personal checking account.)

    2Payments may be deferred. Subject to lender discretion, forbearance and/or deferment options may be available for borrowers who are encountering financial distress.

    3Fully deferred repayment option does not require payments while enrolled in school at least half-time. There are no prepayment penalties, full payments of principle and interest can be made during the deferment period.  Click here for current rates and to see Ascent Independent repayment examples.

    4Flexible repayment plans may be offered with up to a fifteen (15) year repayment term for a variable rate loan and ten (10) year repayment term for a fixed rate loan.  Available for students enrolled full-time at an eligible school.  Minimum loan amount of $2,000. Click here for current rates and to see Ascent Independent repayment examples.

    5Interest rate reduction of 0.25% for enrollment in automatic debit applies only when the borrower signs up for automatic payments and the regularly scheduled, current amount due (including full, flat, or interest only payments, as applicable) is successfully deducted from the designated bank account each month. Interest rate reduction(s) will not apply during periods when no payment is due, including periods of In-School, Deferment, Grace or Forbearance. If you have two (2) returned payments for Nonsufficient Funds, we may cancel your automatic debit enrollment and you will lose the 0.25% interest rate reduction. You will then need to re-qualify and re-enroll in automatic debit payments in order to receive the 0.25% interest rate reduction.

    6All applicants (individual and cosigner) are required to complete a brief online financial literacy course as part of the application process to be eligible for funding.

    7Eligibility, loan amount and other loan terms are dependent on a number of factors, including: loan product, other financial aid, creditworthiness, school, program, graduation date, major, cost of attendance and other factors. Aggregate loan limits may apply. The cost of attendance is determined and certified by the educational institution.

    8The legal age for entering into contracts is eighteen (18) years of age in every state except Alabama where it is nineteen (19) years old, Nebraska where it is nineteen (19) years old (only for wards of the state), and Mississippi and Puerto Rico where it is twenty-one (21) years old.

    9 1% Cash Back Graduation Reward subject to terms and conditions, click here for details.

    What are my private student loan options?