Founded in 2011 by three Wharton MBAs, CommonBond is an online lending company that makes education finance better. Through CommonBond, our members gain access to a robust suite of low fixed- and variable-rate student loan products to refinance existing student loans after graduation or to finance an MBA while in school.

When comparing CommonBond to the federal government and other private lenders, many students choose CommonBond due to 1) our best-in-class customer service, 2) a greater diversity of low interest rate products, 3) access to our talented, successful community of members (what we call the “CommonBond Family”), and 4) the social mission of our business (what we call our “Social Promise”).

Our founders felt firsthand the personal pain of the student loan process when they were in business school: high interest rate loans, poor service, and a confusing process. They founded CommonBond to change all of that – to bring to market a product and a service they wished had existed when they were in school.

Loan Features

CommonBond is a marketplace lender that refinances graduate and undergraduate student loans for university graduates. CommonBond also provides in-school loans to MBA students at 20 programs in the United States. The company launched nationally in September 2013. In September 2015, CommonBond introduced a new Parent PLUS loan refinancing program, whereby parents who borrowed federal Parent PLUS loans to finance their children’s undergraduate education can refinance those loans through CommonBond.

CommonBond was founded to lower the cost of higher education. Combining competitive rates and award-winning customer service for both undergraduate and graduate students, we’ve created a better borrowing experience, and funded over $1 billion in student loans for tens of thousands of members. Refinance loans allow graduates to consolidate and refinance up to $500,000 of student loans through CommonBond.

Application Process

Do I qualify for a refinance loan?
You have to be a U.S. citizen or permanent resident. That means if you are an international student, we are not (currently) able to lend to you, but we are working to change that.

You must have graduated from one of the schools in our eligible network. Our network has expanded to more than 2,000 Title IV accredited universities or graduate programs.

CommonBond considers your credit history and other credit factors and will quickly make a decision on your application.

1. Apply online. You can get started here on our site and have a preliminary decision in minutes.
2. Upload supporting documentation after receiving your rate and e-sign loan documents.
3. If your application is approved, we will arrange the student loan(s) with your lender(s) to be paid off.

Repayment Terms

Once your loan disburses, you can log into your CommonBond account to complete the ACH enrollment form.

Student Loan Refinancing
Save over $24,0466, on average, by replacing your existing loans with a new one – at a lower interest rate.
2.57 – 7.25% APR

Parent PLUS Refinancing
A parent’s job never ends – but their loans should. Refinance the loans you took out for your kids.
2.57 – 7.25% APR

Customer Support

+1 800-975-7812

524 Broadway, 6th Floor
New York, NY 10012

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