Dossier
outcomes-based underwriting
Coverage of outcomes-based underwriting in the Nexus archive.
- 6 Unique Perks of Ascent
Ascent, a private student loan provider founded in 2016, offers unique perks such as a generous autopay discount (up to 1% for outcomes-based loans), career coaching via AscentUP, outcomes-based underwriting for borrowers with limited credit history, a graduation bonus for graduates, access for nontraditional borrowers (including international and DACA recipients), and a nine-month grace period. The lender also provides no fees for late, application, origination, or disbursement.