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Finance and loan tips
Finance and loan tips
Rachel Seitz

Your Student Loan Documents Explained

So you’ve applied for a Climb Credit student loan and gotten approved — congratulations! Your next steps will be reviewing and signing some important documents

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Rachel Seitz January 24, 2020
Finance and loan tips
Rachel Seitz

What Type of Student Loan Borrower Are You?

Take our quiz below to find out what type of student loan borrower you are — and what Climb Credit is doing to make our loans suit you, no matter if you’re an early bird or a procrastinator!

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Rachel Seitz July 17, 2019
Finance and loan tips
Rachel Seitz

Are You Ready to Submit Your Student Loan Application?

What do you need in order to apply for a private student loan? Before you start entering fields on your Climb application, check off the items on this list to make sure you have all the information that’s necessary in order to complete it!

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Rachel Seitz June 13, 2019
Finance and loan tips
Rachel Seitz

How to Choose a Student Loan

Figuring out what’s the best student loan shouldn’t be confusing. So, we’ve put together this guide to help you compare student loans during your decision!

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Rachel Seitz June 11, 2019
Finance and loan tips
Rachel Seitz

Guide to Credit for Beginners

A first credit card can be a big milestone, but there are some important aspects to educate yourself on. Before you go on a shopping spree, check out our beginner’s guide to credit!

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Rachel Seitz May 24, 2019
Finance and loan tips
Rachel Seitz

What Is a Co-Borrower on a Student Loan?

One step students will come to when applying for a Climb Credit loan is the option to add a student loan co-borrower. Click to learn more about what being a co-borrower means and how having one can impact a student loan application!

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Rachel Seitz March 27, 2019
Finance and loan tips
Rachel Seitz

How to Fill out a W-4

So after that stressful rite of passage known as a job search, a company finally gave you an offer. Congratulations! Or maybe you were recently married, had a baby, or went through any number of life changes that would impact your finances. These are all cases in which you may find yourself filling out a W-4 form.

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Rachel Seitz March 27, 2019
Finance and loan tips
Laura Mauro

How Tuition Reimbursement Works

If you’re going back to increase your skills at your current job, your employer might offer tuition reimbursement! Click to learn more about what this is and how it works.

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Laura Mauro January 24, 2019
Finance and loan tips
Rachel Seitz

Student Loan Repayment Tips to Help You Succeed

As with any major life decision, the first step you’ll need to take to help keep your student loan repayment process as smooth as possible is to make a plan. Whether you’re switching careers or boosting your current career, keep in mind what your potential new salary could be and when it might take effect.

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Rachel Seitz September 20, 2018

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What to Expect: Realistic Outcomes

Climb’s Comprehensive Access Solution can offer a strategic balance of increased enrollments and upfront cashflows compared to traditional lenders. While no financing solution guarantees 100% collection, our data-driven approach maximizes both upfront cash and long-term repayment rates.

Typical Partner Results:

  • 15-30% of students qualify for Climb Loans with upfront tuition delivered to the school shortly after course start
  • 45-60% of students qualify for 0% APR* payment plans
  • Enrollment increases of 20%+ reported by partner schools**

**Results vary by school and student demographics. This represents performance reported by individual school partners and should not be considered a guarantee of your specific outcomes.

The bottom line: CAS is designed to maximize your net tuition recovery while eliminating the administrative headaches of student financing.

Maximizing Your Results

Pro Tip: Schools that require student deposits and set up automatic payments during enrollment see significantly better repayment performance across all financing options. These simple steps can meaningfully improve your outcomes.

FAQs

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

Students are placed into funding brackets (Elite, Standard, Enhanced) based on our AI assessment. Higher-credit students generate higher upfront payments to your school, while students with limited credit are seamlessly directed to our 0% Payment Plan.

These brackets are established using data from over $1 billion in career training loan originations and may be adjusted periodically based on updated repayment trends.

Important note: Regardless of which bracket a student falls into, they are considered fully paid by your school once funded. The student’s repayment obligation exists exclusively between Climb and the student.

Elite Access not available for Computer Science programs. Upfront percentages vary by industry and loan terms.

Once Climb disburses upfront funding for a student loan, that student is considered fully paid by your school. You will not receive any additional payments for that student—the single upfront payment is complete and final.

From that point forward, the student’s repayment obligation exists exclusively between Climb and the student. Your school has zero liability if the student defaults, and you keep the full upfront payment regardless of the student’s future payment performance.

They’re automatically offered our 0% Interest Payment Plan, ensuring no student is turned away while maintaining steady monthly cash flow for your school.

Higher-credit students generate larger upfront payments (75-100% of tuition), while students with limited credit use our 0% APR* Payment Plan for consistent monthly revenue. Both options are risk-free for your school

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Typically, within 5-10 business days after your partnership agreement is signed.

Comprehensive onboarding webinar, continuous partner support via AI-assisted chat and live email—and real-time borrower assistance with our live-chat-available student success team.

No. Climb fully manages the administrative responsibilities—your team simply monitors your school’s performance via our intuitive School Portal.

Your school is fully protected either way. For Climb Loans, you keep the entire upfront payment with zero liability. For Payment Plans, you only receive what students actually pay, with no risk to your school.