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Ascent Blog: For Cosigners

Do You Need a Cosigner for Student Loans?
Apr 10, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Students
Not sure if you need a cosigner for your student loans? Learn more about the different factors you should consider… Read More
What is a Cosigner for a Student Loan?
Apr 10, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Parents and Cosigners
A cosigner is someone who takes legal responsibility for a loan in addition to the primary borrower. Learn more about… Read More
Mother and daughter embrace at college graduation
Does Cosigning a Student Loan Affect My Credit?
Apr 10, 2025 | By: Ascent
Categories: Blog, For College Students, For Cosigners, For Parents and Cosigners
The Credit Impact To Cosigning a Student Loan If you’re wondering how cosigning a student loan affects credit, the answer… Read More
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The Pros and Cons of Cosigning a Student Loan
Apr 10, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Parents and Cosigners
Weighing the pros and cons of becoming a student loan cosigner? Learn about the benefits and potential risks of being… Read More
How to Remove a Cosigner from a Student Loan
Apr 10, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Parents and Cosigners, For Students
Although cosigners can be beneficial, you should know how to remove them from a student loan. Learn how to remove… Read More
EFC Meaning: What Happened to EFC?
Feb 25, 2025 | By: Ascent
Categories: Blog, For Cosigners
Learn about Expected Family Contribution (EFC), now called the Student Aid Index (SAI), and its role in determining financial aid… Read More
Mother and daughter doing finances together at home
Subsidized vs. Unsubsidized Student Loans: What’s the Difference?
Feb 20, 2025 | By: Ascent
Categories: Blog, For College Students, For Cosigners, For Parents and Cosigners, For Students
Subsidized and unsubsidized loans are part of the federal direct loan program and offer students various loan options. Learn more. Read More
FAFSA Eligibility: Who Qualifies and Income Limits
Feb 18, 2025 | By: Ascent
Categories: Blog, For College Students, For Cosigners, For Grad Students, For Parents and Cosigners, For Schools, For Students
Wondering if you qualify for federal financial aid? Learn more about the eligibility requirements while submitting your Free Application for… Read More
Student and parent sitting in front of computer.
When Are College Applications Due?
Feb 19, 2025 | By: Ascent
Categories: For College Students, For Cosigners, For Grad Students, For High School Students, For Parents and Cosigners
College application deadlines determine the dates student applications must be submitted to be considered for the upcoming school year. While… Read More
What Is Student Loan Forbearance and Do I Qualify?
Feb 10, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Students
Ascent Funding explains what student loan forbearance is and what the pros and cons of forbearance are. Learn more and… Read More
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{ “@context”: “https://schema.org”, “@type”: “FAQPage”, “mainEntity”: [{ “@type”: “Question”, “name”: “How does student loan forbearance work?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “Student loan forbearance is an arrangement students can make with their student loan company that gives them the chance to pause payments on their student loans for a certain period. Although your payments are on hold during the forbearance period, interest will continue to accrue on any federal direct loans. Your forbearance options may differ for private student loans, but we’ll review these options later in this blog. In periods of forbearance, some borrowers choose to make interest-only payments during this time to help lower their overall loan balance. Making small payments every month, even in times of forbearance, can help you pay off your loan sooner, but we know this isn’t always an option for every student. In many cases, you’ll have to request and apply for forbearance through your loan servicer (who you will make your student loan payments to). Additionally, there are different kinds of forbearances. The most common one is a general forbearance, which is granted under the following circumstances: You have medical expenses. You’re experiencing financial difficulties. You’ve changed employers. Forbearances can be granted in any other case, so it’s important to discuss your situation with your loan servicer and see your options. Your loan servicer can offer you a forbearance if they feel your situation warrants it.” } },{ “@type”: “Question”, “name”: “When does student loan forbearance end?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “You can apply for student loan forbearance with some lenders for up to 12 months. For example, in some instances, you may be able to apply for a 3-month forbearance period, then later apply for more forbearance in the future, as long as you don’t exceed the 12-month limit. For students with Ascent’s college loans, you can apply for up to 24 months of Temporary Hardship Forbearance in 1 to 3-month increments. In some cases, forbearances are granted under serious circumstances. Due to the pandemic, President Biden has repeatedly placed forbearances on federally serviced student loans under the CARES Act, which pauses payments on federal loans until May 1, 2022. Ascent also offers a Natural Disaster/Declared Emergency Forbearance, which allows students to pause payments for up to 3 months in times of natural disasters or global emergencies like the COVID-19 pandemic.   While COVID-19 remains a worldwide threat, the President may offer other forbearances in the future. But you may want to start making plans — or individual deferment or forbearance plans — as soon as you can.” } }] }