How long does it take to get approved for a loan? Eva June 04, 2019 21:00 Updated Pre-approval for most students should happen instantly. For some students a further review will be required. Related articles What information does a student need to have in order to fill out the application? Can a student pay off their loan early? 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? What payment options are provided? Comments 0 comments Article is closed for comments.