Ascent Funding Education Loan For Study Abroad
An Ascent Funding abroad education loan helps international students finance studies at U.S. colleges and universities. Students can fund tuition, fees, living costs, books, and other education expenses with the support of a qualified U.S. cosigner.
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Ascent Funding Study Abroad Loan Highlights
The Ascent Funding abroad education loan is designed to help international students fund their education in American universities through various repayment terms and without collateral.
Interest rate starting from
2.08%
Max loan amount
Up to $400K
Processing fee
Zero
Repayment tenure
Up to 20 Yrs
Moratorium
9-36 Months
Key Features of Ascent Funding Student Loan
An Ascent Funding student loan combines flexible repayment choices with funding for eligible international students studying in the United States.
No Collateral Required
Students and their families do not need to pledge property or other physical assets as loan security.
High Loan Amount
Eligible students can borrow toward 100% of their school-certified cost of attendance, subject to loan limits and approval.
Flexible Repayment Options
Depending on the loan, repayment choices can include deferred, interest-only, $25 minimum, and immediate repayment.
Interest Rates
Students can choose from fixed and variable interest rates based on the loan options available to them.
No Application Fees
Ascent college loans have no application, disbursement, prepayment, or late fees.
Auto-Pay Discount
Eligible credit-based borrowers can receive a 0.50% automatic payment discount when enrolled in qualifying automatic payments.
Types of Education Loans in Ascent Funding
Ascent Funding offers different cosigned education loans for international students based on their degree program. The following six categories reflect the lender's published international student loan options.
Undergraduate Cosigned Student Loan
Designed for eligible international students enrolled in undergraduate programs at participating U.S. institutions.
- Up to $200,000 in total undergraduate loans.
- The loan may cover up to 100% of the school's approved education costs, minus other financial aid.
- The final amount depends on loan eligibility and credit approval.
No collateral requirements you can get student loan without collateral. The students must have an eligible cosigner who is a U.S. citizen or permanent resident.
- Fixed APR – 2.08%–17.50%
- Variable APR – 3.65%–16.61%
Eligible undergraduate degree programs
Ascent does not publish a standard percentage margin requirement for these loans. Funding depends on certified education expenses, other financial assistance, applicable limits and approval.
Borrowers may choose deferred repayment, subject to the loan terms. The post-school grace period is up to 9 months. Interest may accrue during deferment.
Ascent Funding offers loan repayment terms of 5, 7, 10, 12, or 15 years, depending on your specific loan program and interest rate type.
No application or origination fee. No early repayment penalty.
Eligible tuition, fees, accommodation, books, supplies and other school-certified education expenses.
MBA School Cosigned Student Loan
For eligible international students pursuing a Master of Business Administration at a participating U.S. university.
- Up to $400,000 in total graduate loans.
- Funding can cover up to 100% of the school's approved education costs, minus other financial aid.
- The final amount depends on loan eligibility and credit approval.
No property collateral is required. Eligible international students need a qualifying U.S. citizen or permanent resident co-signer.
- Fixed APR – 1.99%–17.50%
- Variable APR – 3.65%–16.11%
MBA programs at eligible U.S. institutions
There is no set percentage margin required for these loans by Ascent. Funding is dependent on verified education expenses, other forms of financing, limits, and approvals.
Eligible borrowers may choose deferred repayment, subject to the loan terms. The post-school grace period is up to 9 months. Interest may accrue during deferment.
7, 10, 12 or 15 years.
No application or origination fee. No early repayment penalty.
Eligible tuition, fees, accommodation, books, supplies and other school-certified education expenses.
Source: Official Document Source
General Graduate School Cosigned Student Loan
For eligible international students studying for advanced graduate degrees and healthcare related programs.
- Up to $400,000 in total graduate loans.
- Funding may cover up to 100% of the school's approved education costs, minus other financial aid.
- The final amount depends on loan eligibility and credit approval.
No property collateral is required. Eligible international students need a qualifying U.S. citizen or permanent resident co-signer.
- Fixed APR – 1.99%–17.50%
- Variable APR – 3.65%–16.11%
MA, MS, PhD, nursing, pharmacy and eligible allied health programs
Margin requirements of any particular percentage are not set by Ascent for these loans. Financing is subject to certified educational costs, financial aid, and eligibility criteria.
Borrowers may choose deferred repayment, subject to the loan terms. The post-school grace period is up to 9 months. Interest may accrue during deferment.
7, 10, 12 or 15 years.
No application or origination fee. No early repayment penalty.
Eligible tuition, fees, accommodation, books, supplies and other school-certified education expenses.
Source: Official Reference
Medical School Cosigned Student Loan
For qualified international students enrolled in an approved list of medical and other related professional degree programs at schools in the U.S.
- Up to $400,000 in total graduate loans.
- Funding may cover up to 100% of the school's approved education costs, minus other financial aid.
- The final amount depends on loan eligibility and credit approval.
No property collateral is required. Eligible international students need a qualifying U.S. citizen or permanent resident co-signer.
- Fixed APR – 1.99%–17.50%
- Variable APR – 3.65%–16.61%
MD, DO, DVM, VMD and DPM programs
Ascent does not publish a standard percentage margin requirement for these loans. Funding depends on certified education expenses, other financial assistance, applicable limits and approval.
- Full loan repayments may be delayed for up to 36 months after graduation.
- A shorter grace period may apply if the student does not complete the course.
- Interest may continue to accumulate during this period.
- Repayment options depend on the approved loan terms.
7, 10, 12, 15 or 20 years. The 20-year repayment option is available for eligible variable-rate loans.
No application or origination fee. No early repayment penalty.
Eligible tuition, fees, accommodation, books, supplies and other school-certified education expenses.
Dental School Cosigned Student Loan
For eligible international students pursuing dental degrees at participating U.S. institutions.
- Up to $400,000 in total graduate loans.
- Funding may cover up to 100% of the school's approved education costs, minus other financial aid.
- The final amount depends on loan eligibility and credit approval.
No property collateral is required. Eligible international students need a qualifying U.S. citizen or permanent resident co-signer.
- Fixed APR – 1.99%–17.50%
- Variable APR – 3.65%–16.61%
DMD and DDS programs
Ascent does not have a margin percent requirement for the mentioned loans. The funds are provided depending on the amount of education expenses, financial aid, restrictions, and approval.
- Full principal and interest repayments may be delayed for up to 12 months after leaving school.
- Interest may continue to accumulate during this period.
- Repayment options depend on the approved loan terms.
7, 10, 12, 15 or 20 years.
No application or origination fee. No early repayment penalty.
Eligible tuition, fees, accommodation, books, supplies and other school-certified education expenses.
Law School Cosigned Student Loan
For eligible international students pursuing law degrees at participating U.S. institutions.
- Up to $400,000 in total graduate loans.
- Funding may cover up to 100% of the school's approved education costs, minus other financial aid.
- The final amount depends on loan eligibility and credit approval.
No property collateral is required. Eligible international students need a qualifying U.S. citizen or permanent resident co-signer.
- Fixed APR – 1.99%–17.50%
- Variable APR – 3.65%–16.11%
JD and LLM programs
There is no standard percentage margin for these loans that Ascent requires. The lending of funds will be based on certified education costs, financial aid, and limitations.
- Full principal and interest repayments may be delayed for up to 9 months after leaving school.
- Interest may continue to accumulate during this period.
- Repayment options depend on the approved loan terms.
7, 10, 12 or 15 years.
No application or origination fee. No early repayment penalty.
Eligible tuition, fees, accommodation, books, supplies and other school-certified education expenses.
Ascent Funding Loan Eligibility
Understanding Ascent Funding loan eligibility can help international students determine whether the loan fits their study plans.
Student Eligibility
Residency status: Must be an international student who is a U.S. temporary resident or has Temporary Protected Status.
Institution: Must attend an eligible U.S. college or university.
Enrollment: Must generally be enrolled at least half-time at an eligible institution.
Cosigner: Must apply with an eligible U.S. citizen or permanent resident cosigner.
Loan assessment: Approval is subject to credit requirements and verification of the application.
Cosigner Eligibility
Residency: Must be a U.S. citizen or U.S. permanent resident.
Credit profile: Must satisfy Ascent's credit requirements.
Income: Must meet the applicable minimum income requirements.
Annual income: For international student loans, Ascent specifies at least $30,000 per year for the cosigner.
Responsibility: The cosigner shares responsibility for repayment of the loan.
Credit History: At least 2 years of credit history with non-student loan accounts.
Credit Score: Must meet Ascent's minimum credit score requirements. The required score may vary based on the student's credit profile.
Income Verification: Must provide acceptable proof of income under Ascent's lending guidelines.
Documents Required for Ascent Funding Education Loan
Keep the required information and documents ready to make your Ascent Funding loan application smoother. Exact requirements can vary based on the borrower, cosigner, school, and application.
01 Student Documents7 Documents
Identity Proof: Valid passport and required personal identification details.
Visa and SSN: Eligible U.S. visa and Social Security card, where applicable.
Form I-20: Signed Form I-20 with a valid, unexpired passport, where accepted.
Residency Proof: Evidence of Temporary Protected Status (TPS), if applicable.
Academic Details: University, course, degree, and enrollment information.
Loan Details: Requested loan amount and eligible education expenses.
Additional Documents: Any supporting information requested during application verification.
02 Cosigner Documents6 Documents
Identity details: Personal identification and Social Security information.
Residency details: Proof of U.S. citizenship or permanent residency.
Employment details: Current employment information.
Income details: Information required to verify income and repayment capacity.
Credit information: Details required to complete Ascent's credit assessment.
Additional verification: Other supporting information requested during application review.
How to Apply for Ascent Funding Loan
The Ascent Funding loan application can be completed online, starting with a rate check that does not impact your credit score.
Check Eligibility
Find out your loan eligibility in minutes.
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Talk to our loan experts for real advice.
Upload Documents
Submit the required documents through a simple online process.
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Get Your Funds
Receive your sanction letter and timely loan disbursement.
Study Destination Covered by Ascent Funding
The Ascent Funding abroad education loan for international students is designed for eligible students attending colleges and universities in the United States.
United States
Expenses Covered by Ascent Funding Student Loan
An Ascent Funding student loan can cover eligible expenses included within your school's certified cost of attendance.
Tuition Fees
Eligible tuition charged by your U.S. college or university.
Room and Board
Approved accommodation and meal expenses can be included in the school's cost of attendance.
Books and Supplies
Eligible books, course materials, and academic supplies can be covered.
College Fees
Mandatory fees charged as part of your eligible undergraduate or graduate program.
Travelling Expenses
Eligible transportation costs, including commuting, public transit, and parking, may be covered when included in your school's certified cost of attendance.
Other Education Costs
Other eligible college expenses may be financed when included within the school's certified cost of attendance.
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Lending Partners
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Hear from the Global Nomads
About their Nomad Experience
As I was heading for MBA at Columbia, I got in touch with Nomad team regarding the financing. They were super helpful and always approachable. This involved sitting with me on calls as I fill forms, helping with US cosigner doubts, helping me process all the applications. I highly recommend them!!
I’m really grateful to Nomad team for all the help and support. From the very first step, they were always just a call away. Thanks to them, the whole process felt so much smoother and less stressful. I’d happily recommend them. They truly go above and beyond for the people they works with!
I got in touch with Anchal regarding financing options as I head for an MBA at Stanford. She helped me get to know about all the available options with utmost patience. In the end, I was able to get a highly competitive interest rate with her help, which turned out to be the best option available in the market!
Ganesh was my case manager at Nomad Credit. He helped me secure 2 student loans, 1 for each year of my MBA at UCLA Anderson. It is not always straight forward for international students to get student loans in the US, but Ganesh walked me through the whole process step by step, making it as stress free as possible. Highly recommended!
Nomad Team helped me get the best possible option for my financing needs. They made sure that I got the most updated and consistent information to make the right decision towards the most important aspect of my studies i.e. money management. They were always there to help me and have a great attitude towards helping others.
Working with your team was an incredibly smooth and reassuring experience. A special shoutout to the Nomad Credit team, who truly went above and beyond at every stage and making sure everything was on track despite tight timelines. I’m genuinely grateful to have had such a supportive team by my side, I couldn’t have done it without you!
Since, I was doing this for the first time, I had a lot of questions. The team very patiently answered all my queries and consistently supported me from filling-up my application to document verification until I had received my loan confirmation. Overall, I really appreciate Nomad’s help in navigating me through my loan application process.
Your unwavering support, particularly in navigating the challenge of securing a loan without collateral, has been truly remarkable. Special thanks to Shweta ma’am. Your service and commitment to helping students like me achieve their dreams have made a profound impact, and for that, I am deeply thankful.
I’m incredibly grateful to entire Nomad Team for their outstanding support throughout. Their guidance was clear, timely, and tailored to my specific needs. I highly recommend them to anyone pursuing international education. They’re knowledgeable, professional, and genuinely invested in your success.
Thanks Sulekha & Nomad Credit for assisting me throughout. You also helped me boost my confidence personally in the entire process. I am grateful, you were there to resolve my every doubt regarding visa interview questions and any query I had. At the end, thanks once again for helping me achieve F-1 visa for the USA.
Your exceptional guidance made my master’s application process smooth and stress-free. You were always available and willing to answer my queries with patience and clarity. I highly recommend Nomad to anyone seeking professional guidance for their higher education journey.
Frequently Asked Questions
About Ascent Funding Education Loans Abroad
Can international students get an Ascent Funding student loan?
Yes. Qualified international students studying at participating U.S. colleges are eligible to apply with a U.S. citizen or permanent resident co-signer.
What is the Ascent Funding loan eligibility for international students?
International students must have eligible U.S. residency status, attend an eligible U.S. institution at least half-time, and apply with a qualified U.S. citizen or permanent resident cosigner.
Does Ascent Funding require a cosigner for international students?
Yes. International students need a creditworthy cosigner who is a U.S. citizen or permanent resident.
How much can I borrow with an Ascent Funding education loan?
Credit-based loans range from $2,001 to $200,000, subject to the school's certified cost of attendance, credit approval, and application verification.
What expenses can an Ascent Funding student loan cover?
The loan can cover eligible tuition, fees, room and board, books, and other college expenses included in your school's certified cost of attendance.
How does the Ascent Funding loan application work?
You can check your rate online, review available loan options, complete the application with your cosigner, and complete school certification. Once approved, the funds are sent to your school.
Take The First Step Toward Your Study Abroad Dream!
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Written by
Mansi Jain| Content Specialist
Reviewed by
Snigdha| Asst. Team Lead - Content
Reading Time
12 min read
Disclosure
- This information is for general guidance only. Applicants should confirm the latest Ascent Funding education loan eligibility criteria, interest rates, fees and repayment terms directly with Ascent Funding before applying.
- Ascent Funding offers eligible student loans starting from $2,001 ($6,001 for Massachusetts residents), with maximum aggregate limits of $200,000 for undergraduate loans and $400,000 for graduate loans. Funding may cover up to 100% of the school's certified cost of attendance, minus other financial aid, subject to eligibility and credit approval.
- Interest rates and repayment options vary by loan type, credit profile and loan terms. Repayment periods range from 5 to 20 years, depending on the loan program. Grace periods and deferment options also vary, and interest may continue to accrue during these periods.
- Eligible international students must have a creditworthy U.S. citizen or permanent resident cosigner who meets Ascent's credit and income requirements. The cosigner must generally have at least $30,000 in gross annual income for the current and previous year, meet applicable credit score requirements and provide satisfactory income verification. Final loan approval depends on Ascent's eligibility criteria, documentation and credit assessment.
