Ascent Achieves Milestone with First-Ever Public Securitization of Career Education Consumer Loans

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Stand Together Venture Labs (STVL) proudly announces a groundbreaking achievement by Ascent, a leading provider of career education financing, providing over $1 billion in loans originated across college and career training markets. Ascent has successfully completed the first-ever public securitization of career education consumer loans, marking a significant advancement in the education finance sector.

This landmark transaction, as reported by PR Newswire, demonstrates Ascent’s innovative approach to financing career-focused education and underscores the growing recognition of career education as a vital investment in the future workforce. The securitization process allows for greater liquidity and broader access to capital, enabling Ascent to expand its support for students pursuing career-focused programs.

“This milestone is a testament to the transformative potential of innovative financing models in education,” said Jacob Rabinowitz, Managing Director of Investments at Stand Together Venture Labs. “Ascent’s achievement not only sets a new standard for career education funding but also reflects our commitment to supporting ventures that drive meaningful social impact.”

The successful completion of this securitization reflects Ascent's commitment to transforming the education finance landscape and providing enhanced opportunities for learners across the country. By pioneering this new financing model, Ascent is setting a new standard for career education funding, reinforcing the value of investing in targeted education solutions.

For more information about this milestone and Ascent's continued efforts to drive innovation in education finance, please visit Ascent's website. For more details on STVL’s education investment areas, visit STVL's Education Investment Page.

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