Do students applying for a Climb loan need to pay a deposit to Product School? Eva June 04, 2019 21:00 Updated Yes, a deposit is due when enrolling and prior to applying with Climb for a loan. Related articles Can students taking courses online apply for a Climb loan? What will average payments look like for students? What loan terms could a student apply for with a Climb loan? How long does the application process take? If a student doesn’t qualify, can they re-apply with a co-borrower? Comments 0 comments Article is closed for comments.