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Rachel Seitz

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Meet Climb’s New Coding Bootcamp Partner, Codesmith!

We love being able to announce that the Climb community is growing. So we’re thrilled to introduce you to one of our newest partner schools, NYC- and LA-based coding bootcamp Codesmith! To get to know more about them, what they offer, and how Climb can provide coding bootcamp loans to help cover Codesmith tuition, we’ve invited them to say a bit about themselves!

Codesmith is a leading software engineering immersive program in NYC and LA. Our mission is to develop a solid network of exceptional software engineers, who are technically brilliant, autonomous problem solvers, and capable of applying their knowledge in impactful ways.

Our curriculum is designed to prepare engineers for the ever-changing tech landscape. It covers computer science, core programming concepts, and fullstack web development using frameworks such as React and Node. Students learn through pair-programming, building and contributing to open source projects, and lectures that go under the hood of important computer science concepts.

At the end of the program, our graduates will not only have learned the skills necessary to become an autonomous engineer, but also the skills necessary to succeed in the job search. Our graduates benefit from comprehensive hiring support — including learning interview strategies, best white boarding practices, and developing impressive portfolios. As a result, the vast majority of Codesmith alumni land mid- and senior-level software engineering positions at some of the most influential companies around the world, including Google, Amazon, LinkedIn, and Hulu.

We’re thrilled to be working with Climb Credit. At Codesmith, we’re committed to making sure all of our admitted students can reach their full potential as software engineers, rather than worrying about affording our program. Through our partnership with Climb, we seek to eliminate the financial barrier of making a large payment at once by providing the option of affordable payment plans. This allows our residents to focus on developing their skills and reaching their career goals.

Codesmith

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*Terms vary by program.
*Interest rates are fixed from 6.99%. Actual interest rate will be determined by Climb based upon the applicant’s credit history and/or any other material factors.
*APRs on loans range from 9.55-16.90%. An annual percentage rate (APR) is the annual rate charged for borrowing and is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan.

Welcome to the Climb Community, Codesmith!

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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 tiers (Elite, Standard, Enhanced) based on Climb’s AI-driven assessment. Higher-credit students generate larger upfront advances to your school through Climb Loans, while students with limited credit are seamlessly routed to Interest-Free Recurring Payments (IFRP).

Brackets are informed by more than $1 billion in loan originations and may adjust over time as repayment data evolves. 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.

Yes. IFRP automatically matches the payment schedule to each program’s course length.

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 an Interest-Free Recurring Payment (IFRP) option with weekly, course-length payments. This ensures more students can enroll while your school maintains steady cash flow during training.

Higher-credit students generate larger loan advances (typically 78–98% of tuition). Students in the IFRP track pay weekly during their course. Both paths protect your school from post-course default risk.

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

Technically, yes—but most schools find there’s no need to manage multiple systems once Climb is in place. Climb can handle full payments, weekly IFRP payments, and loans in one platform, giving you a single flow for every student.

Keeping all payment types within Climb simplifies reconciliation, reduces administrative work, and ensures students have a consistent experience from application to payment.

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.

For Climb Loans, you keep the entire upfront payment—no clawbacks or liability.

For IFRP, payments stop when you stop billing. We recommend clear refund and withdrawal policies to guide students and staff.

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.