Climb’s repayment dashboard can be found in your School Portal! To log in, please head to Manage on the left side bar → Vantage → Proceed to the tab "Early Delinquency Trends".
This dashboard was created to make sure schools understand the relationship between their students’ repayment and the advance rates Climb provides.
Before looking at the data, please be sure to switch the "Product" filter to account for advance loans. The screenshot below shows that example.
Generally speaking, with positive repayment you would want to see the dotted orange line be below the light purple dotted line. This is also shown via the boxes towards the top. If "Loan Amount 30+ Days Late (%)" is lower than "Loss Reserve", then that indicates student repayment is performing in line or better than expectations. The lower the "Loan Amount 30+ Days Late (%)" is compared to "Loss Reserve", the better the student repayment performance is compared to Climb expectations.
If there is a strong relationship, Climb will do its best to maintain its current advance rates, or even improve them if the trend is both significant enough and long lasting (generally at least six months of good performance).
If "Loan Amount 30+ Days Late (%)" is too high, Climb may need to take actions to lower your advance rates to account for the student repayment we see. The screenshot below shows a school example where the repayment performance may lead to a reprice. Schools still maintain some ability to change this data via Climb’s financial literacy playbook (see more on that here).
Please get in touch with us by emailing partnersuccess@climbcredit.com if you have questions on your dashboard or data!