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.

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

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.

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available if you are enrolled in automatic payments from your personal checking account and the amount is successfully withdrawn from the authorized bank account each month.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.)

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.

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.