Ascent Non-Cosigned Credit-Based Undergraduate Student Loan Review

You’ll notice we rate Ascent highly compared to other lenders, and there’s good reason for that. They offer three different lending products that are each flexible when it comes to repayment and less stringent when it comes to qualifying. The Non-Cosigned Credit Based undergraduate student loan is Ascent's product for students who have already built a credit history, allowing them to apply without a cosigner.

Here are some of the attractive aspects of Ascent's student loans: They have non-cosigned loan options for undergraduate students, they offer a graduated repayment plan, and you can borrow up to the full cost of attendance at your school. Like other lenders on our list, they don’t charge application, origination or guarantee fees, and they offer fixed and variable interest rates. If you choose to repay your loan early, they won’t charge you prepayment penalties. And when it comes to rewards, borrowers enjoy an auto-debit discount, graduation reward and current customer discount.

On the downside, the Ascent non-cosigned loans are restricted to juniors and seniors. Meaning, if you’re a freshman or sophomore, you’ll need to have someone cosign your loans. Additionally, if you go down the non-cosigned route, you get the option of fully deferring your loan payments, but not of paying a fixed amount each month or the interest-only payments (which both help reduce your total student loan debt).

Since there is no cosigner on the Non-Cosigned Credit Based loan, this is a more difficult loan to qualify for, requiring minimum income of $24,000 annually.