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Ascent Education Loan for Indian Citizens

Fund your US education with Ascent’s no-fee loans, offering APRs from 3.79% and up to 100% cost of attendance coverage.

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Overview

Ascent offers flexible, no-fee education loans for Indian international students pursuing degrees in the USA. Covering up to 100% of the cost of attendance with APRs starting at 3.79%, Ascent provides customizable repayment terms and a 9-month grace period.

Key Features & Benefits

  • ✔Loan Amount: $2,001 to 100% COA ($6,001 in MA).
  • ✔Grace Period: 9 months post-graduation.
  • ✔Repayment Tenure: 5–20 years, depending on program.
  • ✔APRs: 3.79%–15.99% (fixed), 4.29%–16.69% (variable).
  • ✔No Fees: No application, origination, or prepayment fees.
  • ✔Flexible Payments: Deferred, interest-only, or $25 minimum.
  • ✔Credit Building: Builds US credit history.
  • ✔Graduation Reward: 1% cash-back upon degree completion.

Eligibility Criteria

Student:

  • •Indian citizen studying in the USA.
  • •Residing in the USA with a physical address.
  • •Enrolled half-time in a Title IV, degree-granting program.
  • •Valid government-issued photo ID (e.g., passport).

Co-signer (Mandatory):

  • •US citizen or permanent resident.
  • •Credit score ≥ 650, ≥ 2 years credit history.
  • •Stable income, no recent bankruptcies.

Documents Required

Student:

  • •Passport, US visa, SSN/ITIN (if available).
  • •Proof of US address (utility bill, lease).
  • •Admission letter, cost of attendance document.
  • •Academic transcripts, GRE/TOEFL/IELTS scores.
  • •Financial proof (bank statements, scholarships).

Co-signer:

  • •US driver’s license or passport.
  • •Proof of US address.
  • •Income proof (pay stubs, tax returns).
  • •SSN, credit report authorization.

Interest Rates & Charges

Ascent offers competitive fixed and variable APRs with no application or prepayment fees, plus a 0.25% autopay discount.

Loan Type APR (p.a.)* Fees Collateral
Fixed Rate (Undergraduate/Graduate) 3.79%–15.99% None (Late: 5%, up to $25) Not required
Variable Rate (Undergraduate/Graduate) 4.29%–16.69% None (Late: 5%, up to $25) Not required

*APRs include 0.25% autopay discount. Rates vary based on credit and market conditions. Contact Ascent for personalized rates.

Application Process

  1. Submit Inquiry: Fill out our quick online form.
  2. Expert Guidance: Connect with our loan advisor for Ascent options.
  3. Document Prep: Gather documents with our assistance.
  4. Application: Apply online via Ascent’s website.
  5. Disbursal: Funds released to school within 5–10 days post-approval.

Frequently Asked Questions