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Cosigner Loan Option
If you or your cosigner(s) meet the underwriting eligibility, you may qualify for a lower interest rate and origination fee by applying for a cosigner loan (options 1 and 2). A lower interest rate will save you money over the life of the loan.
General Guidelines for Ascentra Credit Union Private Student Loan Program
All applicants must:
- Be a member of Ascentra Credit Union
Be the age of majority in your state of residence at the time of application
Not have defaulted on any private or government education loan
Be attending any nonprofit, Title IV eligible, degree-granting, regionally accredited college or university or nonprofit school of nursing
Be accepted, enrolled or attending on at least a half-time basis, as defined by the school, and making satisfactory academic progress in an eligible education program
Be a citizen or permanent resident of the United States. Cosigner(s) must be citizens or permanent resident of the United States
Ascentra Credit Union requests that you and your parents work with financial aid professionals at your respective college or university to ensure that you have first applied for all applicable forms of federal, state and institutional financial aid for which you are eligible, including federal student loans, prior to obtaining a private student loan. Accepting a private loan before utilizing other types of aid available may decrease your eligibility for federal, state and institutional aid.
For more information or questions, contact our servicer, Aspire Servicing Center® at (800) 542-6005.
Complete the FAFSA First
The first step in applying for financial aid, which includes federal student loans, is completing the Free Application for Federal Student Aid (FAFSA). The FAFSA and EZ FAFSA are free forms provided by the U.S. Department of Education that may be completed without professional assistance via paper application or online at www.fafsa.gov .