Lending partnership furthers XR Terra’s goal of inclusion in tech by lowering financial barriers
BOSTON, MA, February 18, 2021 /24-7PressRelease/ — Virtual reality and augmented reality technology, under the umbrella term XR or extended reality, is expected to contribute over $1.5 trillion to global GDP in the next decade. With such in-demand skills, XR engineers often earn 30-50% more than traditional software engineers. But like many emerging fields, economically underserved communities may be largely left out of the gains.
XR Terra, a leader in XR education programs, has partnered with student lender Climb to narrow that gap. XR Terra offers intensive training courses for engineers and designers to upskill in XR and advance professionally. Climb is a student payment platform that only works with educational programs that have demonstrated the ability to deliver proven career results to students. By creating a measurement to gauge how much students can expect to earn from their educational investment, Climb can hold schools accountable for the education they’re selling, as well as offer loan products to students with a poor or sparse credit history.
“Financing shouldn’t be a barrier to learning XR,” said XR Terra co-founder and president Hakan Satiroglu. “If you have the talent, then we want to teach you. By partnering with Climb, we make our programs accessible to more students, and those students increase their earning potential. It’s a win-win for everybody.”
“We’re thrilled to be opening pathways for people to learn a relatively new technology,” said Climb CEO Angela Ceresnie. “Our ultimate goal is to help more people access education that will lead to career results, and after reviewing XR Terra’s programs, we’re confident in calling them a partner.”
XR Terra’s partnership with Climb adds to its ongoing effort to lower the barriers to learning XR. For example, XR Terra offers a Black Creators scholarship as well as XR for Her, a tuition discount for women in tech. Interested applicants can visit xrterra.com for enrollment and financing information.
Founded in 2019, XR Terra empowers the next generation of XR talent through industry-driven education and training programs. XR Terra’s team of passionate entrepreneurs, XR experts, and tech leaders help aspiring XR professionals reshape their reality.
Climb (NMLS# 1240013) is an innovative student payment platform. Driven by a mission to empower individuals to unlock their career potential – no matter what their credit profile – Climb identifies programs and schools with a demonstrated ability to improve the earnings of their graduates.
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