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Student Loans

Climb Credit Review: Loans for a Valuable Education

Going to college is a major step in anyone’s life. Higher education can help you learn more about the world, and a degree can increase your career earning potential. The problem is that college is expensive, and borrowing money to pay for it can leave you saddled with debt.

However, alternatives like trade schools and coding boot camps can provide valuable education, but at a much lower cost than a traditional college degree.

Climb Credit bills itself as “another kind of student lender.” Climb Credit partners with trade schools, coding boot camps, and other educators to help people pay for courses that will help them increase their income and start a career.

In this review:

Who’s eligible for Climb Credit?

Climb Credit helps students pay for education outside of traditional colleges and universities. The problem with many trade schools or boot camps is that it can be hard to know which ones are legitimate and teach valuable skills.

The lender works directly with these programs to vet them and determine whether they are worth the money they charge. To be eligible for a loan through Climb Credit, you have to attend a partnered program.

Climb Credit uses a unique return on investment (ROI) formula to determine which programs are worth it. The formula looks at things like tuition, average increase in a graduate’s salary, and how many graduates find jobs to determine the ROI. Climb only funds programs that offer a strong return.

This process is different from a traditional student lender, which looks primarily at your credit history and the credit of your cosigner. Few student lenders will consider your course of study and whether it will help you start a career.

To qualify for Climb Credit, you have to be a US citizen or resident and have good credit or a creditworthy cosigner.

Climb Credit loan details

Like with any student loan, it’s important to make sure that you understand how Climb Credit’s loans work before you apply. Though the company’s lending philosophy is slightly different from the typical lender, its loans work just like any other loan.

Climb Credit loans
Rates0% – 26.47%
Loan AmountsVaries with program cost
Term Lengths24 – 60 months
Repayment OptionsInterest-only for seven months for qualifying loans, then full principal plus interest
Fees5% origination fee
CosignerNot required, but allowed

Pros and cons of the Climb Credit loan

Before applying for a loan from Climb Credit, consider these pros and cons.


  • Get assistance with paying for trade school or boot camp

  • Loans can pay for tuition and living expenses

  • No cosigner requirement

  • Climb Credit vets programs to make sure you will get a valuable education


  • Climb Credit does not approve loans for all programs

  • High origination fees add to the cost of the loan

How to apply with Climb Credit

Climb Credit makes it easy to apply for a loan directly from its website. Here are the steps:

  1. Visit the Climb Credit website and click Apply Now
  2. Search for the school you want to attend to see if it is a Climb Credit partner
  3. Fill out some inputs asking for personal information
  4. Enter more personal and financial information. Climb Credit will give you a list of loan options
  5. Select the loan that you want and submit your application

The screenshot below is of the third step in applying for a Climb Credit loan.

Step one of the Climb Credit application process.

The screenshot below is of the fourth step in the Climb Credit application process.

Repayment options

With a traditional student loan, you can typically defer payments until after you leave school. With Climb Credit, you don’t have that option.

In most cases, Climb will start sending you monthly bills for full principal and interest payments one month from the day that your loan is funded. How long you have to repay your loan will depend on your program.

Typical loans from Climb Credit have a term of 36 months. Students pursuing a master’s degree can choose a repayment term of either 24 months or 36 months. Those seeking a doctorate can choose a term of either 48 months or 60 months.

None of Climb Credit’s loans charge an early repayment fee, so you have the freedom to pay the loan off early if you want to. If you attend certain eligible schools or programs on a full-time basis, you may qualify for an interest-only payment period while you’re studying and looking for a job. This interest-only period can last for up to seven months. Part-time programs are not eligible for interest-only payments.

Where to find Climb Credit alternatives

Climb Credit is one option for people that need help paying for tuition. It has several good features, including the fact that it will offer loans for trade schools and boot camps. However, it isn’t the only student loan company out there. Comparing your options may help you find a good deal and save you some money.

We have several other related resources that can help you find the financing you need. Here are some worth considering:

If you are attending a traditional college or university, traditional student loans, especially federal, are likely better than Climb Credit’s loans. If you’ve already considered your federal options, you can check out our picks for the best private student loans.