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Climb Credit student loans review

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Fund a skills-based program that doesn't qualify for federal aid.

  • Best for students looking to attend a skills-based program.
  • Pick something else if your school isn't an eligible partner.

9.3% to 17.5%


Up to the full cost of tuition

Max. Loan Amount


Product NameClimb Credit
Max. Loan AmountUp to the full cost of tuition
APR9.3% to 17.5%
Interest Rate TypeFixed
RequirementsAttend eligible school, US citizen or permanent resident, legal age of majority in your state, not live in Rhode Island

Expert review

Anna Serio

Review by

Anna Serio is a trusted loans expert who's published more than 800 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Fundera,, and ValueWalk feature her professional advice, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Climb Credit can be a viable option if you’re looking to attend a skills-based program like coding bootcamp or a technical school that doesn’t qualify for federal aid. It offers traditional student loans as well as risk-share agreements, in which you pay back the lender over a few years with a percentage of your income after you find a job.

However, it’s only available if you’re attending a school that Climb has partnered with. And APRs run slightly higher than other types of student loans — including a high 5% origination fee.

Not sold on Climb Credit? Check out our list of other student loan providers that might be a better fit.

First, am I eligible?

To qualify for a Climb Credit student loan, you must meet the following criteria:

  • Attend an eligible school
  • Resident of an eligible state
  • US citizen or permanent resident
  • Age of majority in your state of residence

Students who can’t meet age, citizenship or residency requirements can still qualify if they apply with a cosigner. Climb Credit also considers factors like your credit score, debt-to-income ratio and the school you attend.

What states is Climb Credit available in?

Climb Credit is currently available to residents of all 50 states except Rhode Island.

What is Climb Credit?

Climb Credit is a student loan provider that offers financing to students through schools that offer skills-based training programs. It serves to fill a gap in the student loan market, Climb Credit Founder and CEO Angela Ceresnie told during the 2019 LendIt Fintech USA conference.

“It doesn’t really make sense for schools that are charging $10,000 or $15,000 to have federal financial aid because it’s a very expensive program to administer,” she said. “But you don’t want to not offer financial aid, because then people have to come up with $10,000 or $15,000 in cash, which is not always possible. So Climb is sort of a good in-between.”

How does Climb Credit work?

Climb Credit works by partnering directly with schools after evaluating the graduation rate and employment numbers of its former students. The schools in turn offer Climb Credit funding to their students through their financial aid department.

Risk-share agreements

In some cases, it also gives some schools an incentive to help students find a job through what Ceresnie calls a risk-share agreement. Here, the school doesn’t receive full tuition until after you land a job and start making full repayments. So if you borrowed $10,000, the school might only receive $8,000 up front and the remaining $2,000 as you pay off your loan.

“The idea there is aligning [students’] interests with the school and bringing the schools into a place where they have a financial upside to their students actually doing well in the job market,” Ceresnie said.

How much do Climb Credit student loans cost?

Climb Credit student loans come with interest rates and an origination fee. Interest rates are fixed and run from 6% to 14% with an origination fee of 5% when you take out the loan. That’s roughly an APR range of 9.3% to 17.5%.

Loan terms vary depending on your school, though typically students take three years to pay it back. Here’s how it might break down if you start making full repayments on the interest and principal right away with a three-year term:

Loan amountMonthly payment with 9.3% APRMonthly payment with 17.5% APRTotal cost with 9.3% APRTotal cost with 17.5% APR

If you choose a repayment plan that allows you to make interest-only repayments while you’re in school or unemployed, your total loan cost will be higher.

Does Climb Credit offer any discounts?

Yes, Climb Credit offers a 0.25% rate discount if you sign up for automatic repayments.

What are my repayment options?

Climb Credit offers different repayment programs through different schools. While repayments start one month after your school receives the funds, you can typically make interest-only repayments until you graduate. In some cases, you might even be able to make interest-only repayments until you find a job in your field. Repayment plans often run from three to five years.

Contact your school’s financial aid office to learn more about the repayment options available to you.

Compare more private student loan options

Updated March 31st, 2020
Name Product Min. Credit Score Max. Loan Amount APR
Credible Labs Inc. (Student Loan Platform)
Good to excellent credit
Varies by lender (typically, total certified costs of education minus financial aid already received)
Starting at 2.84% with autopay
Get prequalified rates from private lenders offering student loans with no origination or prepayment fees.
Edvisors Private Student Loan Marketplace
Varies by lender
Varies by lender
Varies by lender
Quickly compare private lenders for your school and apply for the right student loan.
EDvestinU Private Student Loans
4.51% to 9.26%
Straightforward student loans for undergraduate and graduate students.
CommonBond Private Student Loans
3.31% to 9.74%
Finance your college education through this lender with a strong social mission and terms that fit your budget.
LendingTree Student Loans
Good to excellent credit
Varies by lender
Starting at 3%
Compare multiple student loans and student loan refinancing options in one place.

Compare up to 4 providers

Top reasons to consider Climb Credit

From its risk-share agreements to its cosigner-friendly loans, here are a few perks of borrowing from Climb Credit:

  • Available for skills-based programs. If you don’t attend a Title IV school, Climb Credit could still be an option.
  • Vets your school. Climb Credit considers factors like a school’s graduation rate and job placement before working with a school.
  • Incentivizes your success. The risk-share agreement gives schools a financial incentive to help you find a job after you graduate.
  • Available to international students and minors. You can apply regardless of your citizenship or age if you have a creditworthy cosigner.

Drawbacks to borrowing from Climb Credit

Consider these potential drawbacks before taking out a loan from Climb Credit:

  • Only available through partner schools. If your school doesn’t offer Climb Credit student loans, you can’t apply.
  • Not available in Rhode Island. Climb Credit is currently working on licensing to work with borrowers in this state.
  • Origination fee. Most private student loan providers don’t charge an origination fee, but Climb borrowers must pay 5% of the loan amount.

What do borrowers say about Climb Credit?

Climb Credit is relatively new to the student lending space as of May 2019. So it’s no surprise that it has just shy of 45 reviews on Trustpilot and nothing on its Better Business Bureau (BBB) page. Of the few customers that have written reviews, 95% are positive, earning it a 9.2 out of 10 TrustScore.

Most customers were pleased with the ease and speed of the application process. And while one customer was unhappy with how Climb Credit’s customer service team handled a misapplied repayment, Climb responded with an apology.

What to expect when signing up

Since Climb Credit directly partners with schools, the application process can vary from school to school. “Sometimes the application is available online through the school’s financial aid website, sometimes it’s available directly on the application,” Ceresnie said.

You can also apply through the Climb Credit website. Here’s how that works:

  1. Go to the Climb Credit website. Click Get a Loan.
  2. Enter your school’s name and click Go.
  3. Enter your contact information and click Get Started.
  4. Follow the instructions to fill out the application with information about yourself, the loan and your cosigner if applicable.
  5. Read the disclosures and review your answers before submitting your application.

Typically, it takes less than five minutes to complete the application if you have all of the information you need on hand. After you submit your application, you should receive an offer from Climb Credit. If you accept the rates and terms, sign the loan documents and submit it along with any required documents.

What information do I need to apply?

To apply for a Climb Credit student loan, you might need the following information for you or your cosigner:

  • Contact information
  • Social Security number
  • Proof of residency
  • Proof of employment — only for cosigners

Who services Climb Credit student loans?

University Accounting Service (UAS) handles all repayments on Climb Credit student loans. This means you’ll get your first bill through UAS and sign up for autopay through the servicer, not Climb Credit, to get that 0.25% rate discount. If you have any questions about repayment, contact UAS’s customer service team at 800-999-6227.

How to avoid common problems with UAS student loan servicing

More about Climb Credit

Climb Credit has a couple more student loan products in the pipeline, according to Ceresnie. One is a 0% interest loan, where the school subsidizes your interest payments. Climb Credit plans on launching that in the near future.

Another is a loan with an insurance component. With this option, the loan doesn’t kick in until students get a job in exchange for a slightly higher-cost loan.

Check out our guide to student loans to compare lenders and find the best rates.

Frequently asked questions

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