You have several options, including automated payments! After you apply for a loan, we’ll help you set up your repayment account. You’ll make your first payment about one month after your program starts (interest-only repayment or immediate repayment) or three months after your program ends (deferred repayment).
You’ll make monthly payments until your loan is fully repaid, and we’re happy to say there’s no prepayment penalty or fee for early payments on Ascent loans. You can choose to pay the minimum monthly payment, or you can make larger payments. You have the flexibility to pay off your loan anytime before your loan term ends.
Ascent offers several repayment options.
- Deferred Repayment Loans allow you to make no payments while you’re in school & for three months after. You’ll start making full payments about three months after your program ends.
- Interest-Only Repayment Loans allow you to hold on to more of your savings during your training. You’ll start making low, interest-only payments about one month after your program starts and continue those payments for three months after the program ends. After this interest-only period, you’ll start making full payments (interest + principal).
- Immediate Repayment Loans allow you to quickly get started on repayment. You’ll start making full payments about one month after your program starts.
Aspire and Launch are the loan servicers for Ascent’s loans. This means Aspire or Launch will collect your monthly payments during the repayment phase of your loan. All loans applied for on or before June 9th, 2019 will be serviced by Aspire. All loans applied for on or after June 10th, 2019 will be serviced by Launch.
Need to pay your loan? Have a question about repayment on an existing loan?
If you applied for your loan on or before June 9th, 2019, visit Aspire online or at 1-800-243-7552.
If you applied for your loan on or after June 10th, 2019, visit Launch online or at 1-877-354-2629.