Climb Credit: IMPACT HIGHLIGHT

Impact Thesis

• Providing affordable loans to students attending certificate or associate’s degree programs that have demonstrated ROIs will enable students to improve their financial well-being, including increases in income and savings and improved credit scores.

Climb Credit finances alternative education costs, increasing employment and salaries

• Student loan borrowers collectively owe $1.87 trillion, and only half say that the lifetime financial benefits of their degree outweigh the cost. While many alternative education programs - such as Associate’s degrees and certifications - offer better returns, it is difficult for applicants to secure traditional funding for these programs.

• Climb Credit evaluates the career-advancing value of professional training programs, from crane operator certifications to coding bootcamps. They then provide affordable financing for those programs, ultimately enabling people with a variety of economic backgrounds to transition into higher-paying jobs.

• By using Climb Credit, borrowers cumulatively increased their salaries by a total of $110M after graduating from the vetted partner school programs. Students, on average, experienced a 64% increase in their post-education income.

• Over 80% of Climb Credit graduates received education in fields experiencing labor shortages such as computer sciences, healthcare, or education.