Commonbond Student Loans

Common Bond Student Loans

CommonBond makes undergraduate student loans easy with great rates and personalized 1:1 care.

Commonbond Undergraduate Student Loan Features

  • Borrow up to the cost of school
  • Apply online in minutes!  
  • Repay your loan the way that works for you, with flexible repayment options
  • Postpone payments if you run into financial difficulty
  • Cosigner for student applicans are required. A student is eligible to apply for cosigner release after graduation and 24 consecutive months of full payment. 

Flexible Repayment Options

  • Deferment: Allows you to completely postpone making your student loan payments until graduation. Interest will accrue during deferment and will be capitalized at the end of the deferment period.
  • Fixed monthly payment of $25: Allows you to pay a nominal fixed payment of $25 each month while you are in school. Any unpaid interest will be capitalized at the end of the fixed monthly payment period.
  • Interest-only payment: Allows you to make interest-only payments each month while you are in school.
  • Full monthly payment: Full monthly payment of the student loan (principal plus interest) begins while you are in school.

CommonBond Current Student Loan Rates

Undergraduate  Loan Variable APR13.72% - 9.18%Apply Now
Undergraduate  Loan Fixed APR15.30% - 9.82%Apply Now
Graduate Student Loans Variable APR13.72% - 9.18%Apply Now
Graduate Student Loans Fixed APR15.30% - 9.82%Apply Now
MBA Student Loan Variable APR25.25% - 5.40%Apply Now
MBA Student Loan Fixed APR25.99% - 6.46%Apply Now

Commonbond Refi Student Loan Features

Save $24,0466 on average, with rates starting at 2.57% APR (with autopay)! 

CommonBond offers three refinancing options that can save you tens of thousands of dollars – so you can finance your dreams. All rates below include the .25% autopay discount.

Variable Refinance Rate4

The lowest starting interest rate- which can result in a lower total cost in the long run.

A variable rate can go up or down as the market changes, so your monthly payments may vary.

Fixed Refinance Rate4

A low interest rate that’s locked in for the life of your loan – so your monthly payments never change.

A fixed rate may result in a higher total cost, but you’ll rely on predictable monthly payments.

Hybrid Refinance Rate4

Rates are fixed for 5 years and then become variable for 5 years.

A hybrid rate may balance the tradeoffs by minimizing your interest rate, monthly payment, and total interest.

    1)  Offered terms are subject to change.  Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). The Annual Percentage Rate (APR) shown for each in-school loan product reflects teh ACH discount, the accruing interest, the effect of one-time capitalization of interest at the end of a deferment period, a 2% origination fee, and the applicable Repayment Plan. All loans are eligible for a 0.25% reduction in interest rate (ACH discount) by agreeing to automatic payment withdrawals once in repayment, which is reflected in the APR shown for Full Principal and Interest Repayment Plan loans. Variable rates may increase after consummation. All variable rates are based on a 1-month LIBOR assumption of 1.63 as of March 1, 2018.

    2) 10 and 15 year terms available. 1 APRs assume deferred repayment plan.

    3) All rates shown include auto-pay discount 

    4) Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.

    All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 1.55% as of January 10, 2018.

    6) Savings calculation of $24,046 is based on student loans refinanced with CommonBond between 1/1/17 and 1/31/17. Savings is calculated as the difference between borrowers’ estimated future payments for their previously held loans and their future expected payments after refinancing with CommonBond. The calculation is a weighted average dollar savings of CommonBond refinance loans and assumes interest rates will not change over time, members make all payments on time, members enroll in ACH, and they do not pre-pay their loans. CommonBond's average savings methodology excludes refinance loans during the period mentioned above in which members elect a refinance loan with longer maturity than their existing student loans, the term length of the member’s original student loan(s) is greater is than 30 years, and the member did not provide sufficient information regarding his or her outstanding balance, loan type, APR, or current monthly payment.