What are my private student loan options?

Ascent Tuition Student Loan

Ascent Cosigned Loans

Ascent is built around one guiding principle: Your student loan should expand your possibilities, not limit them. Every student's situation is different, so we created the Ascent Tuition cosigned loan to help you get the additional money you need. After you make 24 consecutive on-time payments, you can request to release your cosigner. Apply Now!

Finally, a loan designed with you in mind

  • Choose from affordable fixed or variable rates1
  • No application, origination or disbursement fees
  • No penalty fee if you pay off your loan early
  • Flexible plans with an option to postpone payments until after leaving school2,3,4
  • Get a discount if you setup automatic payments5
  • Cover up to 100% of your college tuition and living expenses7 with a minimum loan amount of $2,000 and up to $200,000 (or total cost of attendance less aid received)
  • After making 24 consecutive on-time payments, you may be able to release your cosigner
  • 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.


  • We consider several factors which may include: creditworthiness, school, program, graduation date, major, cost of attendance and other factors.
  • Ascent Tuition loans are for college students (both undergraduate and graduate) that are at least half-time enrolled in a degree program at an eligible institution.
  • Student applicants and cosigners must be U.S. citizens or permanent residents.

Loan Forgiveness & Forbearance

The Ascent Tuition 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.

 Apply for an Ascent Tuition Student Loan


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. The Ascent Program for Funding Education 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. The Ascent Program for Funding Education 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. The Ascent Program for Funding Education 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.

1 Variable 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 2.067%, which may adjust monthly. Your interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an Annual Percentage (APR) range between 3.82% – 12.82%. Fixed rate loans have an APR range between 5.49% – 14.53% based on your credit worthiness and your selected program. Competitive variable rates calculated monthly at the time of loan approval. (Rates are effective as of 09/01/2018 and include a 0.25% discount applied when a borrower in repayment elects automatic debit payments via their personal checking account.) Click here for Ascent Tuition cosigned loan current rates and repayment examples.

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

3 Making interest only or partial interest payments while in school will not reduce the principal balance of the loan. There are three (3) flexible in-school repayment options that include fully deferred, interest only and $25 minimum repayment. Click here for Ascent Tuition cosigned loan current rates and repayment examples.

4 Flexible 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. Students must be enrolled at least half-time at an eligible school. Minimum loan amount of $2,000. Ascent borrowers who choose a fixed rate option may ONLY select a loan term of five (5) or ten (10) years (60 or 120 months, respectively). For certain loans with low balances the minimum monthly payment amount may cause the loan amortization schedule to be less than the selected term. Click here for Ascent Tuition cosigned loan current rates and repayment examples.

5 Interest rate reduction of 0.25% for enrollment in automatic debit applies only when the borrower and/or cosigner 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 requalify and re-enroll in automatic debit payments in order to receive the 0.25% interest rate reduction.

6 All 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.

7 Eligibility, loan amount and other loan terms are dependent on a number of factors which may include: 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.

8 The 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.

10 Students can apply to release their cosigner and continue with the loan in only their name after making the first 24 consecutive regularly scheduled full principal and interest payments on-time and meeting the other eligibility criteria to qualify for the loan without a cosigner.

What are my private student loan options?