Modern Career Climb

The Modern Career Climb

By Angela (Ceresnie) Prince, former Climb CEO

Things are changing when it comes to how all of us approach our career goals.

No longer are people expected to stay at one company for 30+ years, climbing up the linear corporate ladder from their entry level job before retirement. Instead, we are now making more dynamic moves. Sometimes laterally, to different, more fast-growing companies and adding new skills to our resume along the way to keep up with the constantly-changing technology. In fact, Gallup recently reported “a crucial finding, though, was the top-ranked reason for considering or taking a new job. When U.S. workers are seeking new jobs, they want to do what they do best.”

Or — in some cases — we completely switch careers during our journey to find something more fulfilling or lucrative. In all of these scenarios, it’s clear that modern career climbing is no longer a ladder. Now, growing a career is more like climbing a rock wall — requiring strategic and often indirect moves rather than a traditional vertical climb.

The best aspect of this new, modern career climb is how it can be different for all of us. There is no “one size fits all” way to find success in our career, just as there is no one way to reach the top of a rock wall.

During my time at Climb, I’ve had the honor of seeing first-hand how many people find success through switching careers paths or by continuing their education to reach the next level in their current careers. One story that comes to mind is a heavy-equipment graduate, Elliott, who had an MBA and a conventional job, but was not satisfied with his career. He wanted to find something he was passionate about, not just a career that paid the bills. Eventually, he graduated from one of our partner schools and is now working as a crane operator making almost double his previous job.

Another great example is Climb’s former Partner Success Manager’s Anna.

“Starting out on the Student Success team at Climb opened my eyes to the challenges and achievements of the learners we serve. By speaking with learners on a daily basis and adapting to offer support under difficult circumstances, I was able to expand my knowledge of what student lending really looked like.

I was fortunate enough to use these skills to make the move to our recruiting team, where I met so many talented people, some of whom are now working alongside me at Climb. In continuing to grow my knowledge base, my most recent career move has been to our Partnerships team where my firsthand knowledge of the learner experience has become an asset when partnering with schools who are dedicated to changing the lives of their learners.”

For years, the education industry has promoted the idea of “life-long learning” and “continuing education”. Especially today, with the effects of COVID-19 on our job market, we see many people go to online short-term classes that can help them earn credentials to build up their resumes and land a job. In fact, since May we’ve seen Climb applications to finance accelerated career exploration, transformation, and upskilling courses steadily grow month over month.

Highlighting these types of career paths and promoting alternative pathways for education and career advancement can help all of us when trying to take the next step in our careers to understand the wide array of opportunities available. The trend of lifelong learning is just truly beginning, and all of us in the Education community have the opportunity to continue innovating and enabling people to make that climb.

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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.