Every 10th and 20th business day of the month, Climb disburses advance rate funds for all students whose enrollment has been verified between the current funding date and the previous funding date.
The remainder of the tuition is deferred and will be paid to your school as students pay back their loans. Instead of providing this money back to you for each student, we organize payments in groups of students. Each group of students being funded is called a “Tuition Pool.” The amount that you get paid each month will be based on the performance of the Tuition Pool — determined by the number of students that make their payments as planned.
Below, we have illustrative cash flows for Tuition Pools including 50 students, assuming different performances.
All charts assume 50 students each borrowing $10K, and each qualifying for a 75% advance rate.
