Case Study: How ACE Grew Enrollment by 20% through Climb Financing
How American College of Education increased enrollment
American College of Education is a fully-online post-secondary school offering a variety of degrees in Education from Certificates to Doctorate degrees. ACE aims to deliver an education that is not only affordable but also exceptional.
They do this in part by decreasing their reliance on Title IV financing, and opting for more affordable, technology-driven loan options through Climb Credit.
How Climb helps them reach their growth goals
Climb's product has helped ACE expand access to their students with a simple-to-use loan application and a state-of-the-art loan management system.
Climb and ACE work together to provide a positive experiene to students through the following principles:
Climb approves 100%2 of ACE students for financial aid.
ACE and Climb maintain low operating costs with a simple, fully-online system.
ACE and Climb use technology to streamline the student experience and reduce costs.
Technology and Customer Service
American College of Education took advantage of the Climb application integration, which allows students to move directly from a school application to a Climb loan application with their information pre-filled.
Easy 4:01 minute loan application
Our application integration makes the loan process 90% faster.
90% of students rate our customer service as either "good" or "great"
American College of Education Testimonial
"Climb makes it possible for every single ACE student to get access to affordable financing... through Climb’s risk-sharing model, we can enroll students who may not have qualified for traditional financing and offer all students customized, flexible and affordable terms.”
—Dan Holestine, COO | American College of Education
1 Application increase calculated by comparing applications received during 2017 to applications received during a correlating timeframe in 2018.
2 Nearly 100% of students get approved for a Climb loan through the American College of Education. Denials are generally the result of a mistake when entering a social security number (SSN) or address, and/or failing to provide supporting documents requested for SSN, address, or income.
3 Funding increase calculated by comparing the number of funded loans during 2017 to funded loans during a correlating timeframe in 2018.
4 Enrollment increase was self-reported from the American College of Education.