How This Student Loan Company Provides Schools With Affordable Financial Aid

Climb Credit is a New York-based student loan company that expands access to quality education by partnering with programs and schools that enhance the earning potential of their graduates and demonstrate a return on investment. This includes schools ranging from computer science, coding, and data science to healthcare, heavy machine operations, and welding.

And Climb Credit enables these schools to offer affordable financial aid to all students, regardless of their credit profile. Indeed, Climb Credit believes in the power of the educational programs they fund.

“We are excited to use this loan capital to strengthen and expand our offerings so that we can help new students, people changing careers, and employees who need to upgrade their skills. The funding will allow us to help more people across the country develop specialized skills and transform their careers, ”said Angela Ceresnie, CEO of Climb Credit. “By aligning the school’s motivations with the career and salary goals of students, we are opening the door for thousands of people who want to change their lives through education. “

Recently, Climb Credit announced that it had raised $ 50 million in funding from Goldman Sachs Urban Investment Group. With this round of funding, Climb plans to dramatically expand access to its transformative skills-based education.

“The Urban Investment Group is proud to partner with a company that makes career-oriented post-secondary education accessible to students of all income levels and backgrounds,” added Goldman Chief Executive Officer Sachs Urban Investment Group. Marguerite Anadu. “We look forward to supporting Climb as they help create opportunities for students to deepen their skills and create opportunities for their future.”

Since launching Climb Credit in 2014, the company has provided nearly $ 100 million in loans and funded the education of nearly 10,000 students and has partnered with over 100 schools on high potential career paths. of income.

This is especially important now that Americans are forced to make choices between high university debt burdens or low-paying work and job insecurity. Climb has developed a proprietary ROI calculation to rate schools on their platform. Factors include graduation rates, placement rates, starting salaries, and salary growth over time.

Climb Credit was founded by Amit Sinha and Vishal Garg. Sinha has worked in the financial industry for over 17 years with leading investment banks and oversaw $ 50 billion in executed transactions. And Garg previously co-founded a company called UncleRich as well as the launch of three data-driven underwriting and service platforms in student loans and mortgages.

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