Ascent helps 160 Driving Academy - East Region students cover up to 100% of tuition

  • Low rates
  • 1% savings for ACH signup1
man smiling holding book
Save 1%1

by signing up for ACH (4x more than the industry average1)

Frequently asked loan questions

How can I apply for funding?

As of March 5, 2025, Ascent Funding is no longer accepting new applications for 160 Driving Academy students.

Please reach out to your 160 Driving Academy Branch Manager for payment options.

What if I already have an open application?

Ascent will honor applications that were initiated on or prior to March 4, 2025. We encourage you to continue with the application process.

How do I repay my loan?

Launch is the loan servicer for Ascent’s loans. This means Launch will collect your monthly payments during the repayment phase of your loan.

Need to pay your loan? Have a question about repayment on an existing loan?

Visit AscentFunding.LaunchServicing.com or call 877-209-5297.

How does Ascent’s automatic payment discount work?

You can get a 1.00% interest rate reduction (depending on loan terms) if payments on your Ascent loan are made by automatic payment. The Automatic Payment Discount is available if you are enrolled in automatic payments from your personal checking account and the amount is successfully withdrawn from the authorized bank account each month. Any loans originated prior to March 11, 2024, will receive a 0.25% interest rate discount if payments are made automatically. Any loans originated on or after March 11, 2024, will receive a 1.00% interest rate discount if payments are made automatically.  (See Automatic Payment Discount Terms & Conditions.)

What if I don’t complete my program?

You are responsible for repaying the full amount you borrow, plus accrued interest and fees.

If you are owed a tuition refund by your school, Ascent will follow your school’s refund policies. Please refer to your school’s refund policies and student agreements. Please contact your school for any questions regarding a standard refund.

If you are owed a tuition refund by your school, the refund transaction will be made to Ascent in the amount of the refund due (but in no event greater than what we paid to the school on your behalf). If there is a balance on your loan after any applied refund, you will be required to make monthly payments for the balance.

For Immediate Repayment, you’ll continue to make interest and principal payments as you did before.

For Interest-Only, and Minimum Repayment options, you’ll still have three months of interest-only, or minimum repayments, based on the plan you selected.

For Deferred Repayment, you’ll still have three months of no payments being due, then you will enter repayment.

Will my loan be refunded if I don’t complete my program or get a job?

While it is our hope that every student graduates and finds an awesome job in their chosen field, we understand that other circumstances may intervene.

If you are owed a refund by your school, Ascent will follow your school’s refund policies. Please refer to your school’s refund policies and student agreements. If your school offers an employment guarantee refund, the terms and requirements set therein. The decision to extend a refund in such a scenario is solely at the discretion of your school. Please contact your school for any questions regarding an employment guarantee refund or a standard refund.

Regarding your borrowed tuition funds:

  • You are responsible for repaying the full amount you borrow, plus accrued interest and fees.
  • If you are owed a tuition refund by your school, the refund transaction will be made to Ascent in the amount of the refund due (but in no event greater than what we paid to the school on your behalf). If there is a balance on your loan after any applied refund, you will be required to immediately start making monthly payments towards the balance.

Our team is here to help.

For any additional questions, please complete this form.

*Annual Percentage Rates (APRs) displayed above are effective as of 06/01/2025 and reflect a 1.00% discount on career training loans when you enroll in automatic payments. Loans subject to individual approval, restrictions and conditions apply. Loan features and information advertised are intended for college student loans and are subject to change at any time. For more information, see repayment examples or review the Ascent Student Loans Terms and Conditions. The final amount approved depends on the borrower’s credit history, verifiable cost of attendance as certified by an eligible school and is subject to credit approval and verification of application information. Lowest interest rates require full principal and interest (Immediate) payments, the shortest loan term, a cosigner, and are only available for our most creditworthy applicants and cosigners with the highest average credit scores. Actual APR offered may be higher or lower than the examples above, based on the amount of time you spend in school and any grace period you have before repayment begins.

1The final ACH discount approved depends on the borrower’s credit history, verifiable cost of attendance, and is subject to credit approval and verification of application information. An Automatic Payment Discount of 1.00% discount is applied to all Ascent career training loans baring an interest rate when you enroll in automatic payments. There is no Automatic Payment Discount available for Ascent’s 0% Loans. For more information, see repayment examples or review the Ascent Student Loans Terms and Conditions.