Repaying Your Ascent Zero Percent Loan
Who is Launch Servicing?
Launch Servicing is the servicer of your Ascent Zero Percent Loan, and they collect your payments during the repayment phase. If you're ready to make a payment or have any questions about your loan, you can visit Launch online or give them a call at 1-877-209-5297.
How can I defer payments?
If you opted for an Ascent Zero Percent Loan and aren’t yet earning at least $40,000 annually, you can defer your repayment upon request. Just get in touch with Launch Servicing either by phone or through their online portal (Visit Launch online or call 1-877-209-5297) and let them know you’d like to use the Underemployment/Unemployment deferment option available for the Ascent Zero Percent Loan. You can defer your payments every 3 months, for up to 60 months, until you’re earning at least $40,000 a year. Your loan term is for 60 months.
To fill out Launch Servicing’s Deferment Form click here.
Where can I learn more about deferment?
Access the Ascent Module on Repayment/Deferment. Username: your email address associated with your Ascent Zero Percent Loan, Password: AscentZero%Exit
Watch the Ascent Zero Percent Loan Video
How much are my monthly payments?
Please visit the Ascent Zero Percent Loan page to preview your monthly payments using their calculator.
When do I need to start repaying the loan?
Repayment begins three months after completing your Immersion phase or your exit date, whichever comes first. You’ll make monthly payments for 60 months. If, after 60 months of qualifying payments a balance remains, it will be forgiven.
For questions on repayment dates please reach out to Launch at 1-(877)-209-5297 or send an email to ascentfunding@launchservicing.com.
I thought if I didn't earn $40,000 per year after two years, my Ascent Zero Percent Loan would be canceled.
If you don’t earn at least $40,000 within two years after completing the Immersion phase of your Merit America program, you may be eligible for a full refund. For more details, please review the Merit America Guarantee terms.