Note: These funding instructions relate to Advance Funds. For more detail on funding for non-advance products, please reach out to your Partner Success Representative.
With a Climb Loan, your school is paid a portion of the total tuition when a student starts your program (“Advance Tuition”), up to 100%. The amount of the initial advance depends on the student’s financial profile, your annual enrollment, and your cashflow goals. You'll have the option of a higher advance with lower tuition amount recouped, or a lower advance with up to total tuition recouped.
We will also work with your school to enable the loan term lengths and structures that work best for your programs and students, including options for:
- Interest-only deferrals — in which students will have an initial period of reduced, interest-only payments before making full principal+interest payments
- Full deferrals — in which students will have an initial period of $0 payments before making full principal+interest payments
- No deferrals — in which students will immediately begin making full principal+interest payments