Ascent Ascent Ascent Ascent

Fund Your Future

Ascent helps Thinkful students pay tuition and living expenses. We offer simple, straightforward loans and student-friendly payment options. You deserve a valuable education, and we think financing it should be easy.

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Program

Submit an application without impacting your credit score. Get pre-qualified in minutes, choose your financing, and get started on your career-transforming program.

Real reviews from real customers

Our flexible payment options

Loans built with you in mind

Program
Borrow up to $17600 for tuition and up to $7500 for living expenses for the program at Thinkful.
Immediate Repayment
Make full payments beginning about one month after your program starts.
Interest-Only Repayment
Make interest-only payments in school and for three months after.
Deferred Tuition
Make no payments until you receive a qualifying job offer.

Preview your monthly payments

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

Program

Location

Monthly payment calculator

Adjust the loan amount, interest rate, and repayment details to find the right option for you. The loan calculator displays example monthly payments. Loan options, interest rate, and APR depend on credit profile and program.

0 10000

You can borrow up to $17600 for this program.

Your Example

Tuition Loan

In-school payments
$83
Post-school payments
$230
Total loan amount
$5,000
Total cost of loan
$6,500
This total cost includes the total loan amount, origination fee, and estimated interest.
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

Tuition Loan

In-school payments
$83
Post-school payments
$230
Total loan amount
$5,000
Total cost of loan
$6,500
This total cost includes the total loan amount, origination fee, and estimated interest.
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.

Available loan options

Finance your tuition and living expenses at Thinkful. Select your program to view available loan options.

Data Analytics Flex

How much can I borrow for tuition?

From $2,000 up to $8,600.
Data Science Flex

How much can I borrow for tuition?

From $2,000 up to $10,000.
Engineering Flex

How much can I borrow for tuition?

From $2,000 up to $10,000.
Engineering Immersion

How much can I borrow for tuition?

From $2,000 up to $17,600.

How much can I borrow for living expenses?

$1,500/month for up to 5 months, for a total of $7,500 over the length of your program.
UX/UI Design Flex

How much can I borrow for tuition?

From $2,000 up to $10,000.
Data Analytics Immersion

How much can I borrow for tuition?

From $2,000 up to $13,600.

How much can I borrow for living expenses?

$1,500/month for up to 4 months, for a total of $6,000 over the length of your program.
Product Management Flex

How much can I borrow for tuition?

From $2,000 up to $6,200.
UX/UI Design Immersion

How much can I borrow for tuition?

From $2,000 up to $13,500.

How much can I borrow for living expenses?

$1,500/month for up to 5 months, for a total of $7,500 over the length of your program.
Digital Marketing Flex

How much can I borrow for tuition?

From $2,000 up to $6,200.
Technical Project Management Immersion

How much can I borrow for tuition?

From $2,000 up to $10,000.

How much can I borrow for living expenses?

$1,500/month for up to 3 months, for a total of $4,500 over the length of your program.
Technical Project Management Flex

How much can I borrow for tuition?

From $2,000 up to $6,200.

Frequently asked loan questions

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. In some scenarios, adding a cosigner may reduce your interest rate and lower your payments. 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.

What is the loan’s 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 loan. It is the only fee charged for taking out this loan, and it affects your loan’s Annual Percentage Rate. See repayment examples

What is the loan’s interest rate?

Interest-Only and Immediate Repayment

Interest Rates: 6.50% – 13.75% depending on credit score

Annual Percentage Rate: 8.64% – 17.21%

See examples >

Deferred Tuition Loan

Interest Rates: 10.5% for all approved borrowers

Annual Percentage Rate: 12.13% – 13.38% depending on when the student begins repayment

See examples >

Living Expense Loan:

Interest Rate: 10.5% for all approved borrowers

Annual Percentage Rate: 12.04% – 13.37% depending on when the student begins repayment

See examples

Are payments required while I am in school?

Interest-Only Loans: Monthly interest payments are required.

Immediate Repayment Loans: Yes, full payments (interest + principal) are mandatory roughly one month after your program starts.

Deferred Tuition Loans and Living Expense Loans: No, payments are not required in school.

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 36 months. See example

How and when will I repay my loan?

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 & immediate repayment) or up to a year after your program ends (deferred tuition loans).

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 three repayment options.

Interest-only 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.

Deferred Tuition and Living Expense Loans allow you to defer repayment for up to a year after you complete your program, or when you receive a qualifying job offer (as determined by the Thinkful Course Catalog). Living Expense Loans are not eligible for a refund under the Thinkful Tuition Refund Guarantee.

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?

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

Deferred Tuition Loans:

  • Thinkful offers an employment guarantee tuition refund policy in certain situations. Please refer to the Thinkful Tuition Refund Guarantee.
  • For the Deferred Tuition Loan, if you meet the requirements of the Thinkful Tuition Refund Guarantee and do not find a qualifying job within six months, your tuition loan will be canceled and you will owe nothing. If you do not meet the requirements of the Thinkful Tuition Refund Guarantee and do not find a qualifying job within six months, you may continue to defer payments on a monthly basis for another six months with your loan servicer. If after one year you still do not have a qualifying job offer, you will begin repayment one year after completing your program.

Living Expense Loans are not eligible for a refund under the Thinkful Tuition Refund Guarantee. You will be required to pay back your Living Expense Loan regardless of your employment status or receipt of an employment guarantee tuition refund.

What if I don’t complete my program?

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, 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 Interest-Only or Immediate Repayment loans, you will immediately begin making full (interest + principal) payments when you withdraw from your program.
  • For the Deferred Tuition Loan, you will have a 3 month grace period after withdrawing from your program before you begin making payments.

Regarding any borrowed living expense funds:

  • You are responsible for repaying the full amount you borrow, plus accrued interest and fees.
  • If there is a balance on your loan after any applied refund, you will be required to immediately start making monthly payments for the balance.
What is the difference between a Deferred Tuition Loan and an Interest-Only or Immediate Repayment Loan?

Interest-Only Repayment or Immediate Repayment:

With an Interest-Only Repayment or Immediate Repayment Loan, you’ll begin repayment on a predetermined date. You can choose whether to make full payments once you start your program, or make interest-only payments while you study and for a 3-month grace period after you graduate. Also, the interest rate for this option varies depending on your credit profile, and the Annual Percentage Rate range is between 8.64% and 17.21%.

Deferred Tuition Loan:

With a Deferred Tuition Loan combined with the Thinkful Tuition Refund Guarantee, you won’t make payments until you receive an offer for a qualifying position making at least $40,000 annually or $3,333/month pre-tax for 3 months or more. Once you receive a qualifying job/contract offer, you’ll begin making full (interest + principal) payments. If you do not receive a qualifying offer within six months of completing your program and you meet the requirements of the Thinkful Tuition Refund Guarantee, your tuition loan will be canceled and you will owe nothing. 

Students who choose a Deferred Tuition Loan can also apply for a Living Expense Loan of $1,500/month for the length of their program. 

See repayment examples

Will I qualify for a Ascent loan?

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, 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 more about 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 & no outstanding education loan defaults. 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, and may even help lower your loan’s interest rate, APR, or monthly payments.

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.

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-3, J-1, L-1, M-1, M-3, T-1, TN

OR

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

What is the Living Expense Loan?

The Living Expense Loan allows you to borrow $1,500/month during your eligible program. These funds can be used for anything that will help you cover living expenses so you can fully focus on your course. You will receive $1,500 per month for as many months as you choose, up to the length of your program. After you apply for a Deferred Tuition Loan, you can apply for a Living Expense Loan.  

Some of the terms of the Living Expense Loan are very similar to the Deferred Tuition Loan: 

  • The interest rate for the Living Expense Loan is fixed at 10.5%. 
  • You won’t make payments on a Living Expense Loan until you receive an offer for a qualifying position making at least $40,000 annually or $3,333/month pre-tax for 3 months or more. You can defer repayment for up to a year after you complete your program, or when you receive a qualifying job offer (as defined by the Thinkful Course Catalog. Once you receive a qualifying job/contract offer, you’ll begin making full (interest + principal) payments. 

Unlike the Deferred Tuition Loan, Living Expense Loans are not eligible for a refund under the Thinkful Tuition Refund Guarantee. You will be required to pay back your Living Expense Loan regardless of your employment status or receipt of an employment guarantee tuition refund. For any questions, please contact Thinkful. 

To apply for a Living Expense Loan for an eligible program, you must have an outstanding Deferred Tuition Loan application in progress or have been approved for a Deferred Tuition Loan, and you must submit your application before your cohort begins. The Living Expense Loan is only available for Thinkful programs Data Analytics Immersion and UX/UI Design Immersion.

Simply submit your Deferred Tuition Loan application to gain access to the Living Expense Loan application. Although you apply for these loans separately, you won’t undergo a second hard credit check if you submit your applications within 60 days of each other – Ascent can use your previous credit report on file.

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.

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