Casey Powers Climb CEO

Climb COO Casey Powers Transitions Into the Role of CEO

We are very excited to announce that Casey Powers has taken on the role of CEO of Climb.

Angela (Ceresnie) Prince, our former CEO, led Climb through a period of rapid growth. Under her leadership, we’ve expanded our business more than 500% and funded more than 40,000 learners on their path to career advancement — helping those learners achieve an average 57% salary increase as a result of their education investments*. She has also exemplified a passion for our mission and a commitment to our values every day, helping to build a company culture with those same values at its core.

As Climb has grown, the leadership needs of the company have evolved as well. In recent months, Angela recognized that Casey Powers, Climb’s COO, was the right person to be Climb’s CEO for the next phase of the company’s development and they made this leadership change decision together. (For more about how Angela approached this leadership change please see her LinkedIn post.)

“I’m unbelievably proud of the work that I and the rest of the Climb team have done over the past 6 years,” Angela says. “And while the decision wasn’t easy, I’m confident that the company will soar to new heights under Casey’s leadership! I look forward to remaining an advisor to her and being an advocate for both Climb and the industry we support.”

Casey is stepping into the CEO position after three years at Climb. She not only has a breadth and depth of experience in the finance industry in general — starting her career in investment banking before earning her Masters at Columbia School of International and Public Affairs and going on to hold leadership positions at several “mission-driven” fintech companies — but also a deep understanding of Climb, our mission, and our values. As COO, she’s revolutionized our operations and been an integral part of the leadership team. We’re all incredibly excited to see her continue to drive growth, culture and strategy at Climb.

“Not only has Angela been a tremendous leader for Climb over the past several years, she’s been a mentor and role model to me since I joined her team three years ago,” Casey says. “I’m thrilled to have the opportunity to continue to build upon the solid foundation that Angela has created during her tenure as CEO. We have an amazing team, a great culture, a growing business and a bright future. I look forward to leading Climb through this next chapter of its story as we continue to fulfill our mission to expand access to career-focused education.”

1 Based on nearly 7,000 survey responses. The data points include Climb’s all-time survey respondents, with duplicate responders removed, that both: 1) reported to have graduated from their program and 2) reported both pre-program and post-program income data.

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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.