Ascent. P.O. Submit your Navient cosigner release form. DCU Credit Union Student Choice -- Cosigner can be released after 48 months of on-time payments. Box 9640. 5, 7, 10, 12, or 15 years. Make 24 consecutive on-time payments, and Ascent can release a cosigner from your student loan. Ascent. Loans . Ascent considers several factors including: creditworthiness, school, program, graduation date, major, GPA, cost of attendance, and other factors that allow for undergraduate students to potentially obtain a Non-Cosigned Outcomes-Based Loan in their own name without a cosigner. Luckily, government student loan options don't require a great cosigner so you can be considered. But, cosigning a loan can affect the cosigner's credit, such as limiting the cosigner's ability to buy a home or refinance a mortgage. You must also be a U.S. citizen, meet income and credit . The company offers the Ascent Graduate & Health Student Loan for those pursuing a PhD. Only student borrowers who are US citizens or have US permanent resident status have the option to apply for an early cosigner release. . COSIGNER RELEASE option * AFFORDABLE fixed or variable rates starting at 1.47% * . Cosigner release applications can be submitted on the lender's website, or submit a paper form. If your co-signer dies, you generally need a new cosigner for the loan agreement to be valid. A student can release their cosigner from their responsibilities and fully take on the loan for themselves. Loans for undergraduate and graduate programs; Options for loans with or without a cosigner; No application fees, origination fees, or prepayment penalties; Competitive rates on both variable interest loans and fixed interest loans; Loan repayment terms of 5, 7, 10, 12, 15 and 20 years; Start repayments up to 9 months after graduation Ascent repayment terms are 5, 7, 10, 12, or 15 years for undergrads and graduate loans. Upload the scanned PDFs using Navient's secure document upload tool. Loan products may not be available in certain jurisdictions. You can also login to your account at any time to check your status at college.ascentfunding.com. Borrowers can apply for cosigner release after graduation and when 12 on-time principal and interest payments have been made (without having used hardship forbearance or a modified repayment plan during that time) . The lender does not currently offer student loan refinancing. According to an Ascent representative, Ascent typically requires a credit score of 540 for the borrower and 620 for the co-signer. You can also release your cosigners after 36 consecutive payments. If the conditions are met, the lender will remove the cosigner from the loan. Ascent offers flexible repayment terms of 5, 7, 10, 12, or 15 years. Lowest APRs are available for the most creditworthy applicants and may require a cosigner. Student loan cosigner release occurs when a student loan lender allows the release of the cosigner of any obligation and ties to a private loan. The only one I've had success with is a place called Ascent Student Loans, kind of sh**** but successful in getting a loan without a cosigner and with little to no credit. If the number you get is above 43, you might need a co-borrower. To check your eligibility, you can contact Launch Servicing using the information below: Phone: 877-354-2629. A cosigner release allows your cosigner to exit the loan after you've demonstrated you're able to make the . Pass a Credit Check. Graduate medical or dental loans can be extended out to 20 years. Sallie Mae has one of the best cosigner release programs. 2. Co-signer release available: Yes, for . . 1. It's now been five weeks . Cosigning a student loan creates a . Note that that last instance . You will need to undergo a credit check (minimum of 600), as well as submit recent pay stubs or tax returns to show your income ($24,000 or more annually). Call us at (877) 216-0876 (toll free) Monday - Thursday from 6:00 AM to 6: 00PM and Friday - Saturday from 7:00 AM to 4:00 PM. Overall Borrowing Limits: $1,000 (minimum), $200,000 (aggregate maximum for all borrowers) Cosigner Terms: Cosigner is optional, offers Cosigner Release after 24 months of on-time payments. Certain restrictions, limitations; and terms and . Our 100% U.S.-based Ascent Customer Service team is here for you. Terms include 5, 7, 10, 12, and 15-year options. Phone: 1-800-722-1300. Make sure you include your estimated mortgage payment as part of your debt when you calculate DTI. The Ascent does not cover all offers on . If the borrower doesn't make on-time payments, the cosigner . With an Ascent loan, your loan servicer is Launch Servicing. Follow all of the steps and include any necessary supporting documents (like pay stubs) to . Chase Student Loans; Chase Bank provides student loans without a cosigner through American Education Services. Yearly Borrowing Limit: $200,000, normally, but $20,000 for the Non-Cosigned Outcomes-Based Loan. This, Ascent stresses, allows the student to start building their own credit and financial independence. Variable interest rates range from 4.05% to 10.80% APR or 5.95% to 13.02% for fixed-rate APR. Although not, it can be difficult to get approved to possess private financing with zero cosigner. Ascent Customer Service. APRs: You can qualify for . Additional perks include 1% cashback and a 0.25% discount for automatic debit payments. Processing a Navient cosigner release application takes roughly 30 days on average, according to Navient, although it can take longer if additional documentation is required. Ascent is a private student loan program run by Goal Structured Solutions, Inc., an education finance company. a consumer resource for college financial aid. If you pass away, the debt you owe is transferred to your cosigner. In U.S. News' ratings of student loan lenders, Ascent Funding received 4.5 out of 5 stars overall, 3.9 for affordability, 4.6 for eligibility and 5.0 for customer service. As a result, cosigners would like to be released from their obligation to repay the debt. Only borrowers may apply for this benefit. Borrowers can also choose to make $25 minimum payments, make in-school interest-only repayments, or defer payments up to nine months after leaving school. Ascent, for example, sets the minimum at 540, while the majority of its competitors won't lend to borrowers with credit scores below 650. Releasing a cosigner within a private student loan enables a cosigner to be released on an application and, additionally, from any duty to ensure loan payments. At Ascent, we want to make the cosigner release process as simple as possible. Ascent loans are funded by Bank of Lake Mills, Member FDIC. 6. The repayment options for cosigned loans include Deferred Repayment (until up to 9 months after graduation . Ascent Funding was founded in 2015 and is based in San Diego. Access the Navient cosigner release form online. List your cosigners. You can apply to release a cosigner after fulfilling a minimum payment history, in addition to meeting the other eligibility criteria to qualify for a loan on your own. 2 yr. ago. The most common requirement is making 12 timely payments, but some lenders may require 24, or even 48. The median overall . There is an application process to release the cosigner, and there may be other qualifying conditions to meet. Fixed interest rates for College Ave start at 3.49 % APR, and variable interest rates start at 1.19 % APR. Ascent offers co-signed and non-co-signed loans. Ascent Non-Cosigned Loans has terms of 5, 7, 10, 12, or 15 years. Cosigning a student loan impacts your credit history, and it also makes you equally responsible for the repayment of the student loan debt. COVER UP TO 100% college tuition and living expenses; Apply Now * Ascent loans are funded by Bank of Lake Mills, Member FDIC. Call us toll-free at 877-216-0876. Depending on the loan's terms, the cosigner may be removed from the loan with a cosigner release after the student has graduated and met certain requirements as outlined by the lender. Cosigned Fixed with ACH: 4.78% - 12.76% Non-Cosigned Fixed with ACH: 7.35% - 14.52% . Ascent. Not necessarily. Ascent offers 1% cash back at graduation. To be eligible, you only have to make 12 on-time consecutive payments. Plus, your co-signer will need to show proof that they earn at . Ascent Student Loans was created to make private student loans more accessible to borrowers without a traditional credit profile. Some private student loans serviced by Aspire Servicing Center offer a cosigner release benefit during the principal and interest repayment period. Step 1: Make a qualifying number of on-time payments. . Loan Amounts. You can get a student loan without a cosigner at Citizen's Bank. Luckily for us, federal education loan choices don't require a great cosigner to help you meet the requirements. A cosigner is someone who agrees to take responsibility for personal loan payments if you fail to make them as agreed. . Congratulations! 4.05 - 11.31%. . The borrower must complete all requirements. 12 or 15 years. Cosigner Release: Earnest does not offer cosigner release, but you may be able to refinance without a cosigner. If the borrower doesn't make on-time payments, the cosigner . . My daughter entered an app for a non-cosigner loan four weeks before money was due. $2,001 - $20,000. Ascent allows cosigners to be relieved of all loan obligations after the borrower makes 24 consecutive, on-time monthly payments. For Ascent's College Loans. Wish you luck, I've been there! Variable Rates 0. . College Ave offers much lower interest rates than Ascent, even if you do have a cosigner on your student loans. Tip: Create a consistent standard for when a tenant can request to be released . This allows borrowers to have their cosigners released from their obligation to repay the loans. Ascent is a student loan lender offering multiple types of loans with a 1% cash back reward at graduation. This article will cover how to make an application for college loans and you may buy school after you do not have the option of playing with . Don't forget to sign the application. On the other hand, Ascent requires that you make 24 months of on-time payments to qualify . Many lenders offer cosigner release, where the lender will remove the cosigner from the loan after a certain period of time. Here are some guidelines to follow: Loan products may not . Ascent Student Loans is a solid choice as a private lender - as they offer both cosigner and non-cosigner loans for undergraduate and graduate students. Cosigner Release a. Email us at help@ascentprogram.com. Cosigners can be released from a Sallie Mae student loan after the borrower makes just 12 consecutive on-time monthly payments. There are several reasons you may need a cosigner: Your income is limited . It's worth noting that the cosigner is not required to take any action to get the release. Cosigners are allowed and encouraged. The bottom line: Ascent offers three different lending . Overall Loan Limits: $2,001 (minimum), $200,000 (aggregate) Cosigner Terms: Cosigner required, release available after 24 months of on-time payments. 5. Unique benefits: You can skip one payment per year. Ascent. Cosigner release options; Whether the minimum credit score is available publicly; Graduate students can apply for three different private student loans from Ascent, including two that don't require a cosigner. . See below for more information about the parameters of . To start, visit Navient online. The Ascent rates effective 05/01/2022 are based on the SOFR rate of 0.226%. You have finished your Navient cosigner release form. Ascent. Key points: Ascent offers both cosigned and non-cosigned student loans to both undergrads and graduate students. In the drop-down menu at the top, hover over "In Repayment," then click "Private Student Loans.". Form to release a cosigner from a previous agreemet. Sample Conditions for Release. They also offer a solid loan amount range from $2,001 - $200,000, competitive rates, and easy repayment terms. These requirements may include things like a minimum payment requirement. Ascent's college loans include active-duty military deferment, in-school deferment, and residency or . Fax: 1-800-443-9723 6. Certain restrictions, limitations; and terms and conditions may apply. If you need a cosigner, see whether the lender offers co-signer release, which . Ascent and BOLM reserve the right to amend these Borrower Benefits at any time, without notice. A relatively unique feature is Ascent's cosigner release. Eligibility. Here's how. From your first application for a private student loan with a cosigner to your final payment, we're committed to helping you every step of the way. Ascent student loans are managed by an entity called Launch Servicing. Email us at help@ascentfunding.com. Once you take out a loan, you are the primary debt holder. Ascent offers co-signer release after 24 consecutive, on-time payments of both the full interest and principal due each month. Ascent is an online student lender. Sallie Mae — after 12 months; College Ave — after 24 months; Ascent Student Loans — after 24 months; Citizens Bank Student Loans — after 36 months; LendKey — after 24 months • I'm providing proof of my total income with each cosigner release request or reconsideration. When the cosigner release application is processed, the borrower must demonstrate the ability to assume full responsibility of the loan(s . To qualify for the cosigner release: The correct number . Fixed-rate loans are only eligible for 10 or 15 year terms. Ascent Student Loan features and benefits: 1% CASH BACK Graduation Reward * NON-COSIGNED option for eligible juniors, seniors and grad students * COSIGNER RELEASE option * AFFORDABLE fixed or variable rates starting at 1.64% * CUSTOMIZE YOUR LOAN PAYMENTS to fit your budget with our flexible repayment terms for 5, 7, 10, 12 or 15 years. Both types of loans come with a 0.25% interest rate discount when enrolled in autopay. 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