Climb's eligibility criteria is designed to be aligned with our mission of expanding access to quality education. Therefore, Climb goes beyond the standard measurement of FICO scores and reviews a student's application more comprehensively.
Our three main categories include:
- Ensuring students can afford their Climb Loan
- Measuring student's responsibility with their existing lines of credit
- Citizenship status
| Criteria |
Students with 620 + FICO |
Students with < 620 FICO |
|---|---|---|
| Credit History (Borrower/Co-Borrower) | 1 year / 4 year | None / None |
| Citizenship Status |
US Citizen or Perm Resident | US Citizen or Perm Resident |
| Debt to Income Ratio | 50% | 35% |
| Bankruptcy | None within 5 years | None within 5 years |
| Collections Cutoff | Up to $100 | Up to $100 |
| Delinquency Cutoff | Up to $250 (90 days) | Up to $250 (90 days) |
| Delinquency Exceptions | Medical | Medical |