Climb wants you to be able to afford your loan payments, which is why they have developed a payment plan that is different from other credit companies. When you have a Climb loan, you will make reduced payments on the interest only while you are in school and for a few months after. This ensures that the amount you owe does not grow while you are learning and before you get a job. Once you secure employment, you will begin to pay your principal balance. We accept full and partial pre-payments without penalty!