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Finance and loan tips
Finance and loan tips
Rachel Seitz

Student Loans and Taxes: 5 Things to Keep in Mind When Filing

Everyone’s favorite time of year is almost upon us: tax season. And when you have student loan documents on top of your regular tax forms, the stress about potential errors can pile up…So to help ease the confusion caused by pairing taxes with student loans, we’re here with a few things to keep in mind.

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Rachel Seitz January 31, 2018
Finance and loan tips
Rachel Seitz

Student Loan Terms You Should Know

Whether you’re unsure about the difference between interest rate and APR or you want to brush up on originations, we’ve got you covered. Click to get the low-down on the student loan terms you need to know!

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Rachel Seitz October 3, 2017
Finance and loan tips
Rachel Seitz

Student Loan Term Lengths

After deciding where to go to school, which student loan to take out, and which comfort foods you’ll need to deal with the stress of it all, there are still a few other decisions to make when filling out that loan application.

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Rachel Seitz June 29, 2017
Finance and loan tips
Rachel Seitz

Student Loan Application Tips to Strengthen Your Chances of Approval

Many lenders (like Climb Credit) allow students to re-submit applications if they’re not approved with their first. If you find yourself re-applying for a student loan (or are just looking to improve the chances for your initial submission), click to view some ways you can strengthen your student loan application!

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Rachel Seitz June 14, 2017
Finance and loan tips
Rachel Seitz

How to Read a Credit Report

If you’ve applied for any type of credit, such as a credit card, car loan, or student loan (including one from Climb), the decision you received was directly influenced by what’s in your credit report.

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Rachel Seitz May 3, 2017
Finance and loan tips
Rachel Seitz

Fintech: What It Is and What It Means for Us

One word you may hear thrown around a lot, often with reference to Climb Credit, is “fintech.” But whether you’ve heard of it or not, it’s a term which has had a large impact over all our lives in the 21st Century.

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Rachel Seitz April 19, 2017
Finance and loan tips
Rachel Seitz

How to Strengthen Your Credit Score

When applying for a private student loan—or, while we’re at it, a mortgage, auto loan, or credit card—a major factor which could impact your approval decision is your credit score. Click to read some steps you can take and tips for how to improve your credit score!

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Rachel Seitz March 22, 2017
Finance and loan tips
Rachel Seitz

Your Student Loan To-Do List

Preparing to head off to school can be an exciting time that’s full of potential—and to be honest, it can also be a stressful time. If student financing is adding to that stress, click to view our student loan application checklist!

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Rachel Seitz March 9, 2017

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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.