Best Financing Options for Learners

What Are the Best Financing Options for Your Learners?

Those looking to enroll in your programs aren’t one-size-fits-all, so your available payment options shouldn’t be either. Understanding your students and their needs is key to knowing which are the best financing options for them — and having a diverse array of payment methods opens the door to more learners and increased enrollment in your courses. Below, we’ve outlined how you can address the various financial situations of prospective students to make sure your programs are accessible to as many as possible.

If they can make the highest upfront payment

If your student has enough money saved up to cover the program tuition and supplies, as well as living expenses such as rent and groceries, we would suggest they make the full tuition payment — while this option does have the highest upfront cost, they won’t owe any money in interest, and they won’t have to worry about making monthly payments. And in your case, your school will get the full tuition payment right away and won’t have to worry about missed or late payments in the future!

If they need to break up payments, but don’t want to pay interest

Many students, though, will be unable to make the financial commitment of full upfront payments. For these students, it can be beneficial to provide options to break up tuition into smaller amounts. Schools can manage these plans in-house, or they can use a third party to manage payments. For example, Climb offers two no-interest, no-fee payment options that schools can provide their learners:

Interest-Free Recurring Payment Plan

Interest-Free Recurring Payments is Climb’s 0% interest, non-loan option for students. With this plan, students won’t owe any interest or fees, and since this option does not involve a credit check, their credit won’t be impacted. However, this plan spreads payments out over the shortest time period, so it also comes with the highest monthly payments.

0% APR Financing

For those who need to break up payments into smaller amounts, Climb also offers a no interest, no fee loan option. 0% APR Financing is spread out over a longer period of time than Interest-Free Recurring Payments, so students’ monthly payments are lower. With this loan, though, a hard credit pull is performed, so their credit score may be impacted.

If they would rather make the smallest payments, even if they have to pay interest

For some learners, payments need to be broken up into even smaller amounts. In this case, they might prefer to pay interest so as to spread payments out as long as possible.

Student loans

Private student loans like a Climb loan do come with fixed interest rates, so students will ultimately pay more than the total tuition. However, since it’s spread out over a much longer period, monthly payment amounts are much lower, which makes it a good option for those who need the smallest payment amounts possible in order to cover living expenses. For Climb loans, we offer the options of full deferral, interest-only deferral, or immediate full repayment, depending on what works best for your school and your students.

Additionally, Climb only performs a hard credit pull once funds are sent, so your learners can submit multiple applications to compare terms with no impact to their credit score!

Income Share Agreements (ISAs)

For students who are worried about finding a job post-program, ISAs are another option. With an ISA, your learners won’t have to make any tuition payments until they find a job and earn above a minimum income threshold. Once they’re earning a minimum salary amount, they’ll make payments based on a fixed percentage of their income, until they pay a maximum amount or number of payments.

One thing to keep in mind, though, is that the amount they pay will increase as their income increases. So while a student may not make enough to pay back the full tuition, if they do find a well-paying job, they may actually end up paying much more.

Want to know more about various payment options for your learners?

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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.