Climb & ACE Scholarship

Schools do not endorse loans originated by Climb Investco, LLC, and Climb Investco, LLC is not affiliated with any school. Climb Investco, LLC is the loan distributor, not American College of Education.

Enter for a chance to win a $1,000 scholarship to take the next step in your career before the New Year!

Now is a great time to take the next step in your career — or even set the foundation for a new career. Apply today for the “Kickstart your Career Before the New Year Scholarship” brought to you by Climb, a financial option partner of American College of Education — 5 winners will get $1k! 

Apply for a chance to win $1,000 to help you own your next — 5 chances to win!

How it works:

  1. Apply for the scholarship by entering your name and email in the form above — as well as your answer to the question: “Where will this scholarship help take your career next?”
  2. Climb will choose a scholarship winner based on the answer to the short answer question by November 4, 2020.
  3. ACE will receive notification of selected recipients to request the $1000 scholarship funds for application to students account.

Complete your application at American College of Education to receive the value of the Scholarship if selected!

What American College of Education students have to say:

“Everything I got out of the Educational Technology program at ACE in many ways revolutionized things that I did in my classroom and the experiences I provided for my students.”

 
– Ivey Homer

Programs at American College of Education:

ACE offers a variety of programs to help people in Education, Healthcare, and Business take their careers to the next level. See a sample of their more than 50 program offerings below!

  • Doctoral programs in Instructional Technology, Public Health Education
  • Masters programs in Educational Leadership, Special Education, Instructional Design & Technology
  • Certificate programs in Higher Education, Leadership, Virtual Instruction 
  • Micro-credentials in Digital Learning & Teaching, English as a Second Language and Bilingual Education, Community College Leadership
  • And many more!

About American College of Education:

ACE is a regionally accredited, completely online college specializing in affordable programs in education, leadership, healthcare and nursing. Headquartered in Indianapolis, ACE offers more than 50 innovative and engaging programs for adult students to pursue a doctorate, master’s or bachelor’s degree, along with micro-credentials and graduate-level certificate programs. In addition to being a leader in online education, ACE is a Certified B Corporation. Certified B Corporations are leaders of a global movement to use the power of business to solve social and environmental problems. Learn more at www.ace.edu

About Climb:

Climb Credit (NMLS# 1240013) is an innovative student payments platform that makes career creation and transformation more accessible, affordable, and accountable than ever before. Driven by a mission to empower individuals to unlock their career potential — no matter what their credit profile — Climb identifies programs and schools with a demonstrated ability to improve the earnings of their graduates. Recognizing the dynamic and diverse nature of an economy in rapid change, Climb partners with schools that teach everything from cybersecurity to pilot training, heavy machine operation to data science, and culinary arts to coding. While some colleges are struggling to meet the real-world needs of their students, Climb and its partner schools are committed to an inspiring practicality that brings real career results as individuals Own Their Next.

Scholarship rules:

*Offer applies to courses starting on or after November 9, 2020 and before May 30, 2021, and cannot be applied retroactively to students already enrolled in or who have already graduated from an American College of Education program. 

To be eligible for this promotion you must submit your scholarship application within the entry period (Monday, 10/12/20 at 12:00am EST through Wednesday, 11/3/20 at 11:59am EST) and complete your application at American College of Education to receive the value of the Scholarship if selected.

Five (5) scholarship winners will be chosen on 11/4/2020 based on the answer to the question “Where will this scholarship help take your career next?”. Winners will be chosen by Climb Credit representatives at their sole discretion. Promotions have no cash or retail value. Applying multiple times does not increase your chance of winning. 

Offer may only be utilized for American College of Education. All funds will be sent directly to the school from Climb. This scholarship will cover the value of a program up to $1,000. If the winner chooses to attend a course that costs less than $1,000, the full program cost will be covered, but no additional funds will be sent to the winner. 

Offer cannot be sold or otherwise bartered. Void where prohibited. Offer available only to those eighteen (18) years of age or older and are residents of the United States, excluding residents of Rhode Island. 

Loans are originated by Climb Investco, LLC (Registered as Climb Credit Investco, LLC in Florida). Schools do not endorse loans originated by Climb InvestCo, LLC, and Climb InvestCo, LLC is not affiliated with any school. Licensing: California Finance Lender #60DBO-44527. NMLS Consumer Access (NMLS# 1240013). SC consumers, view your rights here. NM consumers, view your rights here. NM consumers, view your Loan Rates and Fees disclosure here. See our licenses here.

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What to Expect: Realistic Outcomes

Climb’s Comprehensive Access Solution can offer a strategic balance of increased enrollments and upfront cashflows compared to traditional lenders. While no financing solution guarantees 100% collection, our data-driven approach maximizes both upfront cash and long-term repayment rates.

Typical Partner Results:

  • 15-30% of students qualify for Climb Loans with upfront tuition delivered to the school shortly after course start
  • 45-60% of students qualify for 0% APR* payment plans
  • Enrollment increases of 20%+ reported by partner schools**

**Results vary by school and student demographics. This represents performance reported by individual school partners and should not be considered a guarantee of your specific outcomes.

The bottom line: CAS is designed to maximize your net tuition recovery while eliminating the administrative headaches of student financing.

Maximizing Your Results

Pro Tip: Schools that require student deposits and set up automatic payments during enrollment see significantly better repayment performance across all financing options. These simple steps can meaningfully improve your outcomes.

FAQs

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

Students are placed into funding brackets (Elite, Standard, Enhanced) based on our AI assessment. Higher-credit students generate higher upfront payments to your school, while students with limited credit are seamlessly directed to our 0% Payment Plan.

These brackets are established using data from over $1 billion in career training loan originations and may be adjusted periodically based on updated repayment trends.

Important note: Regardless of which bracket a student falls into, they are considered fully paid by your school once funded. The student’s repayment obligation exists exclusively between Climb and the student.

Elite Access not available for Computer Science programs. Upfront percentages vary by industry and loan terms.

Once Climb disburses upfront funding for a student loan, that student is considered fully paid by your school. You will not receive any additional payments for that student—the single upfront payment is complete and final.

From that point forward, the student’s repayment obligation exists exclusively between Climb and the student. Your school has zero liability if the student defaults, and you keep the full upfront payment regardless of the student’s future payment performance.

They’re automatically offered our 0% Interest Payment Plan, ensuring no student is turned away while maintaining steady monthly cash flow for your school.

Higher-credit students generate larger upfront payments (75-100% of tuition), while students with limited credit use our 0% APR* Payment Plan for consistent monthly revenue. Both options are risk-free for your school

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Typically, within 5-10 business days after your partnership agreement is signed.

Comprehensive onboarding webinar, continuous partner support via AI-assisted chat and live email—and real-time borrower assistance with our live-chat-available student success team.

No. Climb fully manages the administrative responsibilities—your team simply monitors your school’s performance via our intuitive School Portal.

Your school is fully protected either way. For Climb Loans, you keep the entire upfront payment with zero liability. For Payment Plans, you only receive what students actually pay, with no risk to your school.