Application status reference guide

Applications — all applications that have been submitted

Status	Definition	Next Steps to Funding
In progress	Applications that have not received an application decision from Climb. Climb will request more information to verify the student's application. This can include:  Verify SSN Provide proof of residency Provide proof of income	Missing docs - student or co-borrower need to provide information to Climb Under review - all documents have been submitted and Climb is reviewing Processing - Climb is reviewing the application Pre-approved - Climb can likely approve but is still reviewing information
Approved	Student has been approved by Climb and has yet to accept their loan terms	Student to sign Master Promissory Note accepting the terms of their loan Expires in X days - the amount of time remaining for the student to accept their Climb offer
Accepted	Application has been approved and the Climb offer has been accepted	Cancellation period - we are within the student’s legal cancellation period  Enrollment period - we are within the student’s drop period (the time between enrollment and funding set by your school and Climb) or the program has not yet started Request pending - there is a request outstanding on the loan Ready to verify - student can be funded pending verification by the school Verified - students who have been verified but are not yet funded

Enrolled — all students who are enrolled in Climb financing

Status	Definition
On track	Students who have been funded and are on track with repayment
Past due	Students who have been funded and are behind on repayment
Refund initiated	School has requested a refund on a funded student and is in the process of being reviewed by the Climb team
Refund processing	Climb is in the process of adjusting the student’s balance but may be waiting on funds to be returned from the school

Archived - students who are no longer active or whose applications are inactive

Status	Definition
Payment complete	Complete - Full Refund: A full refund has been processed and is now reflected in the balance. Complete - Paid in full: There is no outstanding balance. Uncollectible - This enrollment has been charged off and payments are no longer collectible.
Archived	Incomplete - students who never completed their application Dropped - students who ended up dropping the class before their loan got funded Declined - students who decided not to accept the Climb offer Re-apply with co-borrower - students who were denied Uncollectible - Climb has stopped servicing on this loan and has charged off the remaining balance