Ascent Student Loans Announces Emergency Forbearance For Students During Coronavirus Pandemic (COVID-19)

SAN DIEGO, April 2, 2020 / PRNewswire / – With campuses closing and faculty moving into virtual classrooms, students and their families are asking, “What’s going to happen with my student loan repayments?” Ascension Funding, LLC, an award-winning private student loan company, is taking action to support students affected by the economic effects of the coronavirus (COVID-19).

Today, Ascent launched a declared natural disaster / emergency forbearance option that allows borrowers to defer payments on their Ascent loans for up to 3 months.

“Due to the current health crisis, students and their families are seeing their weekly and monthly income severely affected,” said Ken ruggiero, CEO and President of Ascent Student Loans. “As students adjust to the social, financial and educational challenges in the wake of this global pandemic, we want to do our part and help alleviate their concerns if they are unable to make a payment on their loan. Ascent. “

The CARES law paves the way for private lenders to help students

At Friday March 27, 2020 the Coronavirus Aid, Relief and Economic Security Act, (“Cares Act”) was signed to allow student loan borrowers to withhold payments on Federal Direct Loans and Federal Family Education Loans (FFELs) currently held by the US Department of Education until what September 30, 2020.

“The CARES Act and Ascent’s new opt-out option are steps in the right direction to support students during this difficult time,” said Kim mcnealy, Marketing Director at Ascent Student Loans. “If students are having trouble making monthly student loan payments, we can help them; they just need to contact us and let us know. “

Ascent student borrowers can contact Start the interview suspend payments for up to 3 months under Ascent’s declared emergency natural disaster forbearance option. It is essential to know that once a student goes into forbearance, their repayment term is extended and unpaid interest is capitalized at the end of the forbearance period.

Visit AscentStudentLoans.com/Forbearance to learn more and find other ways Ascent can help students in difficult financial times.

More Ways Ascent Is Supporting Students During The Coronavirus Pandemic

Students may also experience reduced income as businesses are forced to shut down temporarily. To provide more opportunities for students to supplement their income, Ascent offers:

To learn more, please visit here.

About Ascent Student Loans

Ascension is built around a guiding principle: student loans should expand possibilities, not limit them. That’s why Ascent has created a new private student loan program that gives students more opportunities to pay for their college education. with or without co-signer. Ascent loans are initiated by Richland State Bank, FDIC member. Climbing offers advantages as well as free Resources which are designed to prepare students and families for financial success.

Contact for press inquiries

Lauren Thayer | Marketing Director
619-684-7294
[email protected]

SOURCE Ascent Funding, LLC

Related links

https://ascentstudentloans.com

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