Ascent Secures Series C Funding to Support Graduate School Financing Needs

Ascent, a leading provider of financial products and student support services, has successfully closed its Series C funding round. The infusion of capital will address the increasing demand for private student loans due to federal policy changes capping federal loans for education. The company is poised to meet the projected doubling of private student loan needs to $26 billion over the next three years.

This funding will enable Ascent to expand its leadership team, scale its education financing platform, and venture into new education verticals. With partnerships with over 2,300 institutions, Ascent has experienced a 30% increase in loan originations year over year. The company has disbursed over $1.5 billion in education loans over the last decade, catering to more than 168,000 families. This capital will support Ascent's mission to provide financing for underserved individuals and families to access post-secondary education.

Ascent is dedicated to delivering innovative financing and personalized financial education, helping students succeed. The funding will also facilitate the appointment of new leaders to drive innovation and respond to the evolving needs of students and schools. Ascent's relationship-driven approach and focus on credit-invisible borrowers set it apart from traditional lenders, aiming to increase borrower income by $10 billion by 2028. TD Securities and Cooley played key roles in the Series C financing. For more information, visit ascentfunding.com.