This 0% APR loan allows you to flexibly choose the student repayment period to match your cash flow needs (12–36 months is most common). This product provides an alternative to both an interest-bearing loan and an interest-free recurring payment plan, with less interest paid than the former and lower monthly payments than the latter.
Student monthly payments are serviced by Climb and forwarded directly to your bank account, and your school will have the option of a higher advance with lower tuition amount recouped, or a lower advance with up to total tuition recouped.
*APRs on loans range from 0.00%–36.00%. The APR includes an up to 5% origination fee. 0% APR loans are only available at schools which have elected to offer that product. Actual interest rates vary within this range based on a number of factors, including your state of residence, credit history, and applicable lending laws and regulations. Applicable fees are disclosed in the loan note and payment plan contract.