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This NYC Startup Confronts the Tuition Crisis Head On

The average college tuition has increased over 1000% over the last 30 years; 4 times faster than the consumer price index. The difficulty in financing secondary education and subsequent employment is serious problem has led to the proliferation of a number of vocational schools and NYC Startup Climb Credit is a lending solution that allows students to finance these types of programs, based on actual outcomes of the program. Already at over 60 campuses and programs, the company makes lending more affordable and provides on-campus support, realizing that students are more than a mere credit score.

AlleyWatch spoke with founder Alexander Rafael about the company and their plans to expand to even more campuses.

Tell us about the product or service.

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