'Climb Credit' is a startup that is looking to change the student lending model in the US. Instead of simply providing loans at lower rates or helping students refinance their loans, this company is aiming to help students earn a better ROI from their education.
Climb Credit was started by Zander Rafael, Amit Sinha and Vishal Garg as a way to mitigate some of the challenges of pursuing a higher education in the US. The company begins by identifying schools that are doing things to ensure graduate success such as charging lower fees, creating training programs that will teach skills needed for future employment and focusing on goals such as student outcomes instead of spending money on infrastructure. Climb Credit then used this database to underwrite the loans it makes.
The startup ultimately turns the traditional lending model on its head by using the idea of graduate success to help students finance their education.