UX Academy students have flexible payment options through our partner, Climb Credit. This includes a fully deferred payment plan that allows you to pay $0 for the first 6 months of your loan.
We know that making a large financial decision, especially when tied to a career change, is an important consideration. This is why we want our students to have options available to them while they pursue their UX design education.
We offer a variety of choices to ensure learners have control over selecting the payment path that works best for their needs. Students have the option to either pay up front, break payments up over 6 or 10 months through Designlab’s internal payment option, or finance over a longer period of time with Climb Credit. More information about the first two options can be found in this article on our Help Center.
Throughout UX Academy, we want to ensure that our students are supported in a variety of ways, including the financial component of the program. Part of Designlab’s core mission is a focus on student success, and Climb Credit’s student-first philosophy makes them an ideal partner in both policy and practice for our learners.
Climb offers students low to no initial monthly payments, so that your education can be your primary focus. We have two different options if you’re looking to utilize Climb to help finance your journey through UX Academy.
Deferred Option
Climb offers a deferred payment plan, allowing you to pay $0 for the first 6 months of your UX Academy coursework.. After the initial 6 months, you’ll pay the principal (the monthly portion of the original tuition loan) and interest in fixed monthly installments. One good thing to note is that while you won’t have any payments for the first 6 months, your loan will accrue interest during that time.
The part-time commitment for UX Academy is 30 weeks (about 7 months). This means that for most (or all) of your time in the bootcamp, you won’t have to worry about making any payments. You can see an example of the breakdown for the FDG Loan below.
Interest-Only Option
Climb also offers an Interest-Only Grace Payment, meaning for the first 6 months, you’d be responsible for paying only the interest accrued on your UX Academy loan. This means you’d pay a smaller amount (approximately $50–90/month), during the 6-month IO Grace Period, and then larger installments of $220-$270 in the months thereafter. (The exact payment amount is dependent on the term of your loan and your rate.)
How to Apply
You can apply for either type of loan through Climb Credit’s landing page for Designlab students, where you’ll have the option to select the type of loan that works best for your needs once you’ve submitted your details. Climb offers an instant decision, with no impact on your credit score to find out if you qualify.
You’ll also have an option to add a co-borrower to your application, to see if you can secure a better rate. While our partnership with Climb Credit is only available to US residents, international students can take advantage of the program by adding a qualifying co-borrower with a US-based address.
Climb’s terms make it straightforward for you to manage your loan payments. They offer a fixed interest rate for the entire life of your loan, so you don’t have to worry about rates increasing. Additionally, there’s no penalty for prepayment through Climb, allowing for even more flexibility in how you repay.If you’re ready to pay off your loan ahead of time, you can do so with no additional fees. Please note: you should confirm the specific terms of your loan directly with Climb Credit.
Career change is a big step, both professionally and financially, and we want you to feel confident in taking on your UX/UI design education with us. We strive to give our students options to make the financial aspect of UX Academy as accessible and flexible as possible. If you have any questions about moving forward with Climb (or any of our other payment options) please feel free to contact the Admissions team. We’re always happy to help inform next steps on your journey.
Designlab’s partnership with Climb gives learners the option to make the financial aspect of their UX Academy education as manageable and accessible as possible, with a credit company that they can trust.
Learn more about Climb Credit on their website and apply for a loan here.
Are you ready to make your career switch with UX Academy? Start here.
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