Fund Your Future in Backend Development

Ascent helps Backend Development students at BloomTech pay tuition. We offer simple, straightforward consumer loans with flexible payment options. You deserve a valuable education, and we think financing it should be easy.

Real reviews from real customers

A monthly payment plan built for you

With a Deferred Tuition Loan, you won’t make payments until you receive a job offer for a qualifying amount as defined in the BloomTech Tuition Refund Guarantee. Once you receive an offer for a qualifying amount, you’ll begin making monthly payments. If you do not receive a qualifying offer within twelve months of completing your program and you meet the requirements of your BloomTech Tuition Refund Guarantee, your loan will be canceled, your deposit will be refunded, and you will owe nothing.

Learn now, pay later

Make no payments until you receive a qualifying job offer or six months after completing your program.

Borrow what you need

Apply for as little as $2,000 up to $21,950.

Fixed monthly payments

Once you begin repayment, you’ll make low, predictable monthly payments for 60 months.

Preview your monthly payments

Budget for your loan from start to finish. Adjust the loan amount below to see possible monthly payments for your loan.

Monthly payment calculator

Adjust the loan amount to view example monthly payments. Loan options, interest rate, and APR depend on credit profile and program.

Monthly Repayment Plan

Deferred Tuition No payments until you receive a qualifying job offer or 6 months after graduation

Loan Term

12 Months 12 full monthly payments

24 Months 24 full monthly payments

36 Months 36 full monthly payments

60 Months 60 full monthly payments

84 Months 84 full monthly payments

120 Months 120 full monthly payments

Tuition Loan Amount

0 10000

You can borrow up to $21950 for this program.

Living Expense Loan Amount

0 10000

You can borrow up to $0 for living expenses for this program.

Interest Rate

6.5 13.5

Your Example

Tuition Loan

In-school payments

$83

Post-school payments

$230

Total loan amount

$5,000

Total cost of loan

$6,500

Interest rate

6.5%

APR*

5.0%

*APR - Annual Percentage Rate

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 60 months post-school.

Your Example

Tuition Loan

In-school payments

$83

Post-school payments

$230

Total loan amount

$5,000

Total cost of loan

$6,500

Interest rate

6.5%

APR*

5.0%

*APR - Annual Percentage Rate

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 60 months post-school.

Your Example

Tuition Loan

In-school payments

$83

Post-school payments

$230

Total loan amount

$5,000

Total cost of loan

$6,500

Interest rate

6.5%

APR*

5.0%

*APR - Annual Percentage Rate

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.

Your Example

Living Expense Loan

In-school payments

$83

Post-school payments

$230

Total loan amount

$5,000

Total cost of loan

$6,500

Interest rate

6.5%

APR*

5.0%

*APR - Annual Percentage Rate

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school. This assumes that you borrow $1,500/month in living expenses for 6 months during your program.

Your Example

Tuition Loan + Living Expense Loan Combined

Combined in-school payments

$83

Combined post-school payments

$230

Interest rate

6.5%

Combined total loan amounts

$5,000

Combined total cost of loans

$6,500

Combined APR*

5.0%

*APR - Annual Percentage Rate

This example shows the Example Tuition Loan and Example Living Expense Loan combined so you can preview your total monthly payments and costs for both loans. This shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.

Frequently asked loan questions

How much can I borrow for tuition?

From $2,000 up to $21,950 for Backend Development.

Will I qualify for an Ascent loan?

The BloomTech Tuition Refund Guarantee is available for eligible students meeting criteria as determined by BloomTech who have taken out an Deferred Tuition Loan. Please get in touch with a BloomTech representative for more details.

Our goal at Ascent is to help students from all walks of life and with a broad range of backgrounds get access to the programs that interest them. We offer two possible ways to qualify for an Ascent loan: on your own or with a cosigner.

To see if you pre-qualify for an Ascent bootcamp loan to attend a BloomTech program, submit an application. In the pre-qualification process, we’ll conduct a soft credit check with no impact to your credit score. In addition to learning your eligibility, you can also see the rates and terms you pre-qualify for.

Applicants must be U.S. citizens, permanent residents, or DACA recipients with established credit history. U.S. temporary residents may apply with a creditworthy cosigner that is a U.S. citizen or U.S. permanent resident.

Adding a cosigner can help strengthen your application’s overall credit health.

While our application process asks for income and employment details, we won’t use income, employment, or your requested loan amount to evaluate your application.

Are payments required while I am in school?

No, payments are not required during school and while you’re in the six-month job search period.

How and when will I repay my Deferred Tuition Loan?

You have several options, including automated payments! As part of your application process, you’ll have the option to enter your payment information. You’ll make your first payment when you receive a qualifying job offer, or six months after completing your program, whichever comes first.

You’ll make monthly payments for 60 months, and we’re happy to say there’s no repayment penalty or fee for early payments. You can choose to pay the minimum monthly payment, or you can make larger payments. If you choose to make larger monthly payments, you will incur less interest and your total Deferred Tuition Loan cost will be less. You have the flexibility to pay off your loan anytime before your loan term ends!

If you do not find a job during the six-month job search period, you may defer repayment for up to an additional six months. If you find yourself needing to defer repayment for an additional six months, please get in touch with your servicer.

Launch Servicing is the servicer for your Ascent loan. 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 Launch online or at 877-354-2629.

What is the repayment term for both the loan principal and interest?

Once you’ve begun full repayment (after the grace and/or interest only period), your loan term will be 60 months.

What is the origination fee?

You will be charged an origination fee of 5.0%. This will be added to the amount you borrow and is included in the total loan principal amount you finance. It helps cover the administrative fees associated with originating the Deferred Tuition Loan. It is the only fee charged for taking out this loan. The APR for Ascent loans includes the origination fee and interest rate. See rates and repayment examples by program

What is the Deferred Tuition Loan’s interest rate?

Interest rate:

9.25 – 17.99%

Annual Percentage Rate:

Backend Development – 10.46 – 18.83%*

*These examples show no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 60 months post-school. See rates and repayment examples by program

Will my Deferred Tuition Loan be refunded if I don’t get a job?

BloomTech offers an employment-related refund in certain situations. Please refer to the BloomTech Tuition Refund Guarantee. Please note that the Deferred Tuition Loan option is available to students who meet the requirements of the BloomTech Tuition Refund Guarantee. Please get in touch with a BloomTech representative for more details.

If you meet the requirements of the BloomTech Tuition Refund Guarantee and do not receive a job offer for a qualifying amount as defined in the BloomTech Tuition Refund Guarantee within twelve months, your loan will be canceled and you will owe nothing.

If you do not meet the requirements of the BloomTech Tuition Refund Guarantee and do not receive a job offer for a qualifying amount as defined in the BloomTech Tuition Refund Guarantee within six months, you may continue to defer payments on a monthly basis for up to an additional six months with your loan servicer. If after one year you still do not have a qualifying job offer, you will begin repayment.

What if I don’t complete my program?

If you withdraw from your program within the seven-day refund period, your Deferred Tuition Loan will be refunded and you will owe nothing. If you withdraw after the seven-day refund period, you will be charged a prorated amount per month, as determined by BloomTech. You will have a three-month grace period after withdrawing from your program before you begin making payments, then you’ll make 60 monthly payments that total the prorated amount you owe.

Can I add a cosigner?

Yes, you can add a cosigner to your loan. There are two ways to qualify for an Ascent bootcamp loan: on your own, or with a cosigner. Depending upon your credit health, a cosigner might be required. Cosigners may strengthen your application’s overall credit health. If you’re concerned about your eligibility for an Ascent loan, consider adding a cosigner with strong credit health.

You can choose to add a cosigner before you submit your loan application, or may be given the option to add a cosigner after you apply.

If you’d like to add a cosigner when you apply, you can select this option in the application. If your cosigner is with you, they can start their portion of the application right away. If not, we’ll send them an email asking them to complete their part. Your cosigner’s portion of the application will look very similar to yours.

We’ll keep you and your cosigner updated on the status of your application throughout the process. You’ll receive an email or a notification in the application if you or your cosigner have any required steps to take.

Who is Richland State Bank and how is it related to Ascent?

Richland State Bank, member FDIC, is the lender for all Ascent bootcamp loans.

Can non-U.S. citizens apply?

Yes. Individuals may apply as a borrower or cosigner based on their citizenship status as follows:

U.S. Permanent Residents – as a solo borrower, as a cosigner or as a borrower with a qualified cosigner.
Deferred Action for Childhood Arrival (DACA) status – as a solo borrower or as a borrower with a qualified cosigner.
U.S. Temporary Residents – as a borrower with a qualified cosigner only.

Documentation requirements: The following are documentation will be required to verify your individual resident status:

For U.S. Permanent Residents: Provide a Permanent Resident Card.
For DACA status: Provide documentation from the U.S. Department of Homeland Security / U.S. Citizenship and Immigration Services (USCIS) that indicates DACA status that does not expire within 6-months of the end of the enrollment period for which the loan is being requested.
For U.S. Temporary Residents:

A VISA that does not expire within 6-months of the end of the enrollment period for which the loan is being requested. with an acceptable category as follows: F-1, F-3, G Series, H-1B, H-1C, H-2B, H-3, J-1, L-1, M-1, M-3, T-1, TN

An I-20 Form (pages 1 & 2 and signed by the school) and an unexpired passport from country of origin.

Form I-797, Notice of Action and unexpired passport from country of origin from an eligible Temporary Protected Status country from this list: https://www.uscis.gov/humanitarian/temporary-protected-status.

Are Ascent bootcamp loans student loans?

No, they’re consumer loans to help pay for tuition at our partner schools.

Given that Ascent loans are not private student loans, what are some of the key differences between consumer loans for bootcamps and private student loans?

There are several key differences, and we encourage applicants to perform their own research into this topic. However, some of the high-level differences between an Ascent consumer loan for bootcamps and a private student loan include:

For private student loans, interest paid may be tax-deductible. For consumer loans for bootcamps, interest is not tax-deductible. Please consult your tax advisor to determine if this applies to you.
Consumer loans for bootcamps may be treated differently in the event of a borrower bankruptcy.
Private student loans may typically only be used for qualified education expenses as defined by the IRS.

When should I apply for a loan?

You can submit an application and become pre-qualified as early as 90 days before your program. In the pre-qualification process, we’ll conduct a soft credit check with no impact to your credit score. Before accepting a loan option, please ensure you have enrolled in your program.

Can I pay off my loan faster than the initial term?

Yes, you can prepay your loan at any time without penalty. You have the flexibility to make early payments or fully pay off your loan without prepayment fees.

What’s the difference between fixed rates and variable rates?

Your interest rate is the base cost of borrowing money for the duration of your loan and is a percentage of the principal loan amount. It can be fixed (it will not change) or variable (it could change over time). Variable interest rates can increase or decrease throughout the life of your loan, which may result in your monthly payment changing over time. All Ascent loans for BloomTech are fixed rate – your rate won’t go up!

What is the status of my application?

To see the status of your loan application, visit your Ascent account dashboard at bootcamp.ascentfunding.com. We’ll also send you emails throughout the process to keep you updated. You can save your progress in the application and return to it at any time.

Do I have to pay the full “total cost” of the loan shown in my loan offer even if I make early payments?

No, you can reduce your total cost by making early payments! This is a benefit we hope our borrowers take advantage of. When you apply for a loan, we show you as many details as we can upfront. One of those details is the total cost of the loan, which is the total amount you’ll pay over the scheduled lifetime of the loan. Our calculation of the total cost assumes that you will pay off your loan by making monthly on-time minimum payments for your entire loan term, which is 60 months. The total cost includes (1) the origination fee of 5% of your loan amount, (2) the loan amount, and (3) the interest accrued over the lifetime of the loan.

With our loans, you can make early payments or fully pay off your loan at any time with no prepayment fees. Many of our borrowers graduate from their programs, land jobs, and pay off their loans early! This is a financially smart move, because if you make early payments, you’ll accrue less interest over the lifetime of your loan. In summary – we don’t hold you to the total cost you see in your loan offers. If you make early payments, you can reduce the interest you accrue, which reduces your loan’s total cost!

Our team is here to help.

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