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 loan terms could a student apply for with a Climb loan? Who can apply for a student loan through Climb? Does applying for a Climb loan negatively affect the applicant’s credit score? If a student doesn’t qualify, can they re-apply with a co-borrower? Comments 0 comments Article is closed for comments.