With Ascent, they have a $100 cash bonus when you take out a student loan. Additionally, you can get no more than a $525 cash bonus for each person you’ve referred towards Ascent. Check out other referral bonuses here.
The Ascent Program for Funding Education is a private student loan program that grants access to larger education funding. This is for undergraduate and graduate students. Plus, Ascent has 3 options to pick from: traditional co-signed, credit-based non-co-signed loans, or credit history or co-signer for people who don’t have income.
Check out their competition like SoFi and Credible.
Read below for more information on Ascent and what they have to offer.
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Ascent $100 Borrower Bonus
Receive a $100 cash bonus when you sign up for Ascent Student Loan with a referral code. After your loan has been approved, funded, and disbursed to your school, you will get the bonus as a direct deposit or a check. Plus, payments made in 60 days from the date you’re eligible will be sent on the first Friday each month. To partake in this bonus you have to:
- Be new to Ascent Student Loans
- Be a U.S. citizen or have permanent resident status.
- Be at least 18 years old.
Feel free to leave your personal referral link down in the comments section below.
(Visit for more information)
Ascent Up to $525 Referral Credits
Partake in the Ascent Refer-a-Friend program to earn no more than $525 for each person you’ve referred to Ascent. Receive a $25 cash bonus when you friend has been approved for the Ascent Student Loan with your personal referral code. Then, get an extra $500 cash bonus when their loan is funded and disbursed.
Additionally, your friend will be able to earn the $100 cash bonus as well. To take part in this, sign up and make a new account to get your referral link. Then, share your referral link, there aren’t any limitations on how many people you can refer.
Ascent Student Loans
With Ascent, they offer private student loans for undergraduates and graduates. They only require a soft credit check (won’t damage your credit score) to see what rate you’ll qualify for. Plus, there aren’t any application, origination, or prepayment penalty fees included. But, if your payment is 10 days late or more, you will have a 5% fee (around $5 to $35).
| Co-Signed | Credit-Based | Future Income-Based |
| Borrowers with a co-signer. | Borrowers with no co-signer, but with income & credit. |
Borrowers with no cosigner, income or credit. |
| Loan Amount $1,000 – $200,000 |
Loan Amount $1,000 – $200,000 |
Loan Amount $1,000 – $20,000 |
| Variable-Rate Loan Term 5, 10, or 15 years |
Variable-Rate Loan Term 5, 10 or 15 years |
Variable-Rate Loan Term 10 or 15 years |
| Fixed-Rate Loan Term 5 or 10 years |
Fixed-Rate Loan Term 5 or 10 years |
Fixed-Rate Loan Term 10 years |
The Ascent’s future income-based loan will consider your future earnings rather than your current financial standing. For co-signed and credit-based loan choices, you have to meet a specific income and credit requirements.
| Co-Signed | Credit-Based |
| Student credit score > 540 Co-signer credit score > 740 |
Student credit score > 680 Student credit history > 2 years |
| Income > $24,000 per year | Income > $24,000 per year |
Student Loan Extras
Make use of all of what Ascent has to give such as:
- 0.25% – 2.00% interest rate reduction. For enrolling in autopay.
- Cashback rewards. You’re eligible for a 1% cashback reward upon graduation, terms apply.
- $1,000 scholarship giveaway. Every month, Ascent gives away a $1,000 scholarship. For details, go to Ascent’s Instagram page.
- Refer-a-friend program.
Conclusion
When you take loans out with Ascent, they offer a variety of options to choose from. Additionally, it’s designed to fit the student borrower and their future financial standing. Ascent will not come with application, origination, or prepayment fees either. Lastly, you’ll be able to refer friends to earn a bigger cash bonus!
