Ascent Student Loans

Student loans that power bright futures.

Ascent Student Loan Options

Ascent is built around one guiding principle: Student loans should expand your possibilities, not limit them.

Every student’s situation is different, so we created the Ascent Tuition cosigned loan to help you get the additional money you need to cover your tuition and eligible living expenses.

Why Choose Ascent

  • Affordable fixed or variable rates1
  • Flexible 5, 10 or 15-year repayment terms4
  • Build credit in your own name
  • No application, origination or disbursement fees
  • .25% interest rate deduction for payments made via automatic debit5 
  • After making 24 consecutive on-time payments, you may be able to release your cosigner
  • Cover up to 100% of your college tuition and living expenses with a minimum loan amount of $2,000 and up to $200,000 (or total cost of attendance less aid received)


  • Ascent considers several factors which may include: creditworthiness, school, program, graduation date, major, cost of attendance and other factors.
  • Ascent Tuition loans are for college students (both undergraduate and graduate) that are at least half-time enrolled in a degree program at an eligible institution.
  • Students applying without a cosigner must be U.S. citizens or have U.S. permanent resident status. Students that are not a U.S. citizen or U.S. permanent resident may apply with a credit worthy cosigner that is a U.S. citizen or U.S. permanent resident.

Ascent Repayment Options

  • Pay Interest Only. (For Ascent Tuition Only.) If you are enrolled at least half time, you may have the option to pay the interest that is accrued on your loan each month while you are still in school. Once you graduate or are no longer enrolled at least half time, you begin repayment of both the full principal and the interest until you have paid off the loan. Over time, this option could help you save money on the total cost of your loan, and often will earn you a lower interest rate.
  • Deferred Payments. Often offers an APR on the higher end of the spectrum as the borrower is postponing all payments of principal and interest until enrolled at least half time. The deferment period for Ascent is up to 60 months.  Note! Interest does accrue while you are in school. 
  • $25 Minimum Payment. (For Ascent Tuition Only). With this option, the borrower will pay at least a $25 monthly payment while enrolled at least half time. Like the other two options, full repayment begins when the borrower is no longer enrolled at least half time, and any unpaid interest does accrue and capitalize once the full repayment period begins.  This option often offers an APR that is in-between the other two options.

Ascent Student Loan APRs

Variable APR14.23% - 13.23%Apply Now
Fixed APR14.98% - 14.16%Apply Now

Loan Forgiveness & Forbearance

The Ascent Tuition loan includes deferment and forbearance options: Active Duty Military Deferment, In-School Deferment, Residency / Internship Deferment and Temporary Hardship Forbearance. The loan is forgiven if the student dies or becomes totally and permanently disabled.

Before taking out private student loans, you should explore and compare all financial aid alternatives, including grants, scholarships, and federal student loans and consider your future monthly payments and income. Applying with a cosigner may improve your chance of getting approved and could help you qualify for a lower interest rate. Ascent Student Loans may be funded by Richland State Bank (RSB). Ascent Student Loan products are subject to credit qualification, completion of a loan application, verification of application information and certification of loan amount by a participating school. Loan products may not be available in certain jurisdictions, and certain restrictions, limitations; and terms and conditions may apply. Ascent is a federally registered trademark of Turnstile Capital Management (TCM) and may be used by RSB under limited license. Richland State Bank is a federally registered service mark of Richland State Bank.

1. Ascent Student Loans are funded by Richland State Bank (RSB), Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations and terms and conditions may apply. For Ascent Terms and Conditions please visit:

Rates are effective as of 05/16/2019 and include a 0.25% discount applied when a borrower in repayment elects automatic debit payments via their personal checking account. For Ascent rates and repayment examples please visit:

2. Payments may be deferred. Subject to lender discretion, forbearance and/or deferment options may be available for borrowers who are encountering financial distress.

3. Making interest only or partial interest payments while in school will not reduce the principal balance of the loan. There are three (3) flexible in-school repayment options that include fully deferred, interest only and $25 minimum repayment.

4. Flexible repayment plans may be offered up to a fifteen (15) year repayment term for a variable rate loan and ten (10) year repayment term for a fixed rate loan. Students must be enrolled at least half-time at an eligible school. Minimum loan amount is $2,000.

5. Interest rate reduction of 0.25% for enrollment in automatic debit applies only when the borrower and/or cosigner signs up for automatic payments and the regularly scheduled, current amount due (including full, flat, or interest only payments, as applicable) is successfully deducted from the designated bank account each month. Interest rate reduction(s) will not apply during periods when no payment is due, including periods of In-School, Deferment, Grace or Forbearance. If you have two (2) returned payments for Nonsufficient Funds, we may cancel your automatic debit enrollment and you will lose the 0.25% interest rate reduction. You will then need to re-qualify and re-enroll in automatic debit payments to receive the 0.25% interest rate reduction.

6. All applicants (individual and cosigner) are required to complete a brief online financial literacy course as part of the application process to be eligible for funding.

7. Eligibility, loan amount and other loan terms are dependent on several factors, which may include: loan product, other financial aid, creditworthiness, school, program, graduation date, major, cost of attendance and other factors. Aggregate loan limits may apply. The cost of attendance is determined and certified by the educational institution.

8. The legal age for entering into contracts is eighteen (18) years of age in every state except Alabama where it is nineteen (19) years old, Nebraska where it is nineteen (19) years old (only for wards of the state), and Mississippi and Puerto Rico where it is twenty-one (21) years old.

NOTE: 1% Cash Back Graduation Reward subject to terms and conditions, click here for details.