Ascent Launches More Innovative Outcome-Based Lending Options For Students In Accelerated Learning Programs

SAN DIEGO, December 8, 2021 / PRNewswire / – Financing of the ascent, a leader in results-based lending, announced the extension of its results-based lending to technology bootcamp programs that create social and economic pathways for students in school and after graduation. Students, including those with Deferred Action for Childhood Arrivals (DACA) status, interested in accelerated learning programs can apply for an Ascent Results Loan to cover their tuition fees.

About Ascent Funding Ascent has one guiding principle: student loans should expand possibilities, not limit them. That’s why Ascent has created a new private student loan model that gives students more opportunities to qualify for a loan, with or without a co-signer, to secure the funding needed to cover tuition and living costs. For eligible junior, senior and graduate students without a co-signer, Ascent uses broader credit levels and takes into account creditworthiness, school, date of graduation, major, cost of attendance and other factors. Ascent promotes transparency and financial well-being by integrating financial literacy into the application process, upholding the idea that education is an investment where students and families must understand return on investment versus cost. Ascent also offers benefits and resources that prepare students and families for financial success. To learn more about the options and benefits of Ascent student loans, please visit AscentStudentLoans.com. (PRNewsfoto / Ascent Funding)

“Earlier this year, we added more options for students to invest in higher education beyond traditional study programs,” said the president and CEO Ken ruggiero. “Ascent’s Outcomes Loan allows students to defer payment for their education until they find employment after graduation with competitive pay. Through our innovative loan products, we want to continue to build the value of intensive education that helps students launch into well-paying careers. . “

Ascent’s Outcomes Loans are consumer loans available to eligible students who participate in accelerated learning programs. Borrowers can also benefit from the benefits of Ascent, such as:

  • Reimbursement based on employment. Students can defer reimbursement for up to one year after completing their program or receiving a qualifying job offer.

  • Incentives aligned. Schools can customize their interest rate and include loan cancellation provisions depending on the student’s ability to find employment.

  • Extended access. U.S. citizens, permanent residents, DACA, and international students can apply to cover up to 100% of their tuition fees.

  • Grants and gifts. Ascent gives more than $ 80,000 in scholarships each year.

Partnering with innovative schools, Ascent has created a funding platform that is both transparent and puts students first by evaluating a school’s application process, acceptance rates, staff and student outcomes. (employment rate and average salaries of graduates). Ascent ensures that every school it partners with leads the way for student success.

Among the 90+ bootcamp schools eligible for Ascent, Ascent is proud to announce partnerships with Reflexive, Springboard, and, more recently, Bloom Institute of Technology (formerly known as Lambda School).

To find out more, visit www.AscentFunding.com/Bootcamps-Loans.

About Ascent Funding

Ascent Funding is committed to student success and aims to revolutionize the way students pay for higher education at more than 2,600 traditional schools and coding bootcamps. The products of Skills Fund, LLC (d / b / a Ascent Skills Funding) are available through Richland State Bank, FDIC member.

Contact for press inquiries

Lauren Garner | Senior Director of Marketing
619-684-7294
[email protected]

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SOURCE Ascent Funding, LLC


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