Interest-Free Recurring Payments FAQ

  • What are Interest-Free Recurring Payments?

    • 0% interest recurring billing plan with no credit check. Split tuition payments over the course of the program to maintain your savings. No credit check or approval required!

  • What are student's pay back options?

    • Pay in full before class

    • Pay the deposit and break up the tuition in 4 installments over 12 months

  • How do students apply? 

    • Through your school's website/portal or Climb webpage.
  • Will students have their credit checked?  (soft-pull or hard-inquiry)
    • This is a non-loan payment option, so no credit check is completed. 

  • How do students make payments?

    • Multiple ways to pay (ACH, credit, debit, PayPal, Venmo, prepaid card)

  • Forms of payment acceptable

    • Credit, debit card, eCheck

    • International cards under Visa and MasterCard logo are supported

  • Can a payment be made on behalf of the student?

    • Yes, but customer information will be linked to the name attached to the payment. Student should input their phone number in the phone number field in order to easily link data.

  • How long does it take for payment to process?

    • The first payment will take 5-days.

    • After that, card funding takes 2 days.

    • eCheck funding takes 5 business days. 

  • What are the repayment terms?

    • No limit on number of payments that are made, but payments do not extend beyond the length of the program. 

  • Setting up recurring payments

    • Students should be automatically set up on recurring payments if paying via Interest-Free Recurring Payments.

  • What happens if a student misses a payment?

    • School would not let student attend if payment is late or fails. 

  • What is the annual fee?

    • No fees for the student

    • For a small fee, Climb handles all collections and payment management.
  • What are the student interests?

    • 0%

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