Ascent Non-Cosigned Outcomes-Based Student Loan Review (Juniors and Seniors Only)

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. One of the best of their loan programs is the Non-Cosigned Outcomes-Based Loan, which is a unique student loan in that for borrowers with no credit history, alternative criteria like GPA, school of attendance, and major can be used to qualify for a non-cosigned loan.

For Ascent's non-cosigned student loan options, they offer a graduated repayment plan. 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.

You can borrow up to the full cost of attendance with Ascent, but their Non-Cosigned Outcomes-Based Loan is limited to an annual maximum of $20,000. Their non-cosigned loans are also 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).