CommonBond student loans are some of the most competitive on the market with few, yet major, drawbacks. Established in 2011, CommonBond operates as a fintech lender that focuses on providing residential solar financing. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.
How to apply for a CommonBond loan?
Customers can choose between fixed and variable interest rates. Borrowers looking for a flexible way to refinance their loans If you do not have a person willing to be your cosigner, CommonBond very generously informs you of other lenders who may be willing to work with you.
How to Contact CommonBond
Notable achievements include funding over $5 billion in loans, saving consumers more than $1 billion, and serving over one million users. We’re on a mission to provide smart insight for all financial decisions. You can do this by making payments on your loans, consolidating your loans, or enrolling in an income-driven repayment plan. You’ll also need to demonstrate financial need.
How to Apply for a Student Loan Through CommonBond
Established in 2011, CommonBond has carved a niche for itself in the student lending sector by providing innovative and transparent loan options. Student loan lending company CommonBond quietly announced it will be “winding down” its operations after its core businesses saw a hit during the pandemic. Our talented real estate team is focused on steady-state asset management, ensuring strong oversight of third-party property managers and maintaining vital relationships with investors, lenders, and regulators. The TCB property management approach is designed to work in conjunction with service partners and considers CommonBond’s Advantage Services a major factor for success of residents and property operations.
Our Approach to Housing & Services
In February 2015, CommonBond expanded its student loan refinancing program to 14 graduate degree programs. In March 2014, CommonBond expanded its student loan refinancing and consolidation programs to graduates of law, medical, and engineering programs across the US. Based on multiple customer reports, we also suggest that only older, more financially stable students consider CommonBond. However, if you are in need of additional funding beyond what the Federal government can offer you and what scholarships you can earn, private lenders like CommonBond are the way to go.
CommonBond extends its services beyond traditional lending by providing residential solar financing options, contributing to the affordability and accessibility of solar energy. It began offering loans for solar panels in the third quarter of 2021 and, by 2022, was on pace to lend $1 billion to customers. We provide life-enhancing services that equip residents of all ages – including children, families, veterans, and older adults – to reach their goals and thrive. This refinancing service will email customers a guide with detailed information on student debt refinancing, tailored to their education level. Like all lenders, CommonBond typically advertises its absolute best rates. If you are looking for a private student loan, you may have heard of CommonBond.
- If a student borrower chooses to follow through, a more in-depth completion addition to the application is necessary.
- Loans from this service help customers refinance both secured and unsecured debt obligations and refinance federal, private, and previously consolidated student loans.
- You may also be able to get out of student loan debt through loan forgiveness programs.
- Like all lenders, CommonBond typically advertises its absolute best rates.
- The partnership allows international post-graduate students to secure funding for their business school education in the US through Prodigy Finance, which determines the terms and conditions of the student loans.
Why Should You Refinance Your Student Loan Debt?
As a leading online lender, Rocket Loans distinguishes itself with a seamless and secure online loan application process. Notably, Universal Credit imposes no prepayment fees, affording borrowers the flexibility to repay their loans ahead of schedule without incurring additional costs. Established as a financial institution with roots dating back to 1927, Mariner Finance extends personal loans ranging from $1,000 to $25,000. When evaluating the reliability of CommonBond as a financial service provider, it’s essential to take into account legal matters that have surfaced in recent years. CommonBond’s xcritical policy only allows the individual income of the borrower for solar loans, not permitting co-borrowing.
When it comes to student loan refinancing, there’s no one-size-fits-all answer. They offer student loan Refinancing, Parent PLUS refinancing, and student loan benefits. And, since housing is just the beginning, we provide services to help residents maintain stability and independence.
- Its extensive presence spans over 480 branches across 28 states, ensuring accessibility and personalized service for customers nationwide.
- These loans typically carry lower interest rates and greater borrower protections than private loans.
- It’s essential for potential borrowers to carefully review CommonBond’s terms, interest rates, and fees, comparing them with other lenders to ensure they align with their financial goals.
- At the time, the company said it was a logical step for them as many of its student loan customers buy a house within a few years of refinancing with CommonBond, and there is strong interest in helping curb climate change.
- You can get a loan through them for a 5, 7, 10, 15, or 20-year term.
- CommonBond performs a soft credit pull that will not affect your credit score when you apply.
CommonBond Student Loans Review 2025
CommonBond is a company that refinances graduate and undergraduate student loans for university graduates. CommonBond may not be the best overall option for supplemental student loans, but it may suit a certain type of borrower more than others. CommonBond student loan customer service representatives who are not part of the Money Mentors program can be reached by phone or by email, but the customer service hours are not advertised on the site. This origination fee is applied to all CommonBond student loans except undergraduate loans. This isn’t uncommon, but there are other private lenders with competitive rates who do not have them. CommonBond provides a list of states whose residents can obtain a loan; the residents of the omitted states, like Mississippi, cannot obtain a CommonBond student loan.
CommonBond customers receive access to numerous educational resources. Anyone who wants extra advice and information about their loan Glenbrook Apartments Real Estate Case Study HUD-subsidized/Urban Redevelopment CommonBond Communities and Bishop’s Creek CDC collaborated to preserve Glenbrook Apartments, located … As of July 2020, CommonBond requires borrowers to apply with a cosigner.
Connect with CommonBond
CommonBond launched in 2012 to help originate student loans at lower rates and offered refinancing services. We highly recommend that student loan borrowers opt for Federal student loans over a private lender like CommonBond – we believe that the benefits of Federal student loans greatly outweigh any perks private lenders can offer. CommonBond is a private student loan lender that was established in 2011, and provides student loans to undergraduate, graduate, MBA, medical, and dental degree loans, as well loan refinancing options for both student and parents. CommonBond is known for offering competitive interest rates, making it an attractive option for those seeking to refinance student loans or finance residential solar projects. CommonBond, founded in 2012, aimed to offer lower-rate student loans and refinancing services. Based on customer complaints and the nitty gritty details of CommonBond student loans, we recommend that only student and cosigners with sufficient income and stellar credit scores submit an application.
The average user saves $18,668 when refinancing. That means you can get the best possible interest rate which can save you a lot of money. It’s simple to check your rate and can save you a lot of money. This seems to be the standard requirement for student debt companies, but there still are companies you can consolidate or refinance through if you did xcritical rezension not graduate from college. Speak to one of their representatives to figure out the best loan length that works for you.
CommonBond student loan rates are considered to be relatively competitive with the rates of other private lenders. Apart from student loans, CommonBond provides financing solutions specifically tailored for residential solar projects, aiming to enhance accessibility and affordability for individuals transitioning to solar energy. Loans from this service help customers refinance both secured and unsecured debt obligations and refinance federal, private, and previously consolidated student loans. As a private lender, CommonBond can charge whatever they wish as an interest rate on https://xcritical.solutions/ student loans.
CommonBond is a prominent lending company specializing in student loans, offering a range of financial solutions tailored to the needs of students and graduates. CommonBond also offers student loan refinancing for borrowers with existing student loans. CommonBond is good for refinancing or consolidating student loans for anyone that has a good or excellent credit score. Prospective and xcritical CommonBond student loan borrowers may remain in the dark about forbearance and deferment options until they find themselves in financial hardship. This is quite a generous forbearance policy for a private student loan lender, but its unclear what the eligibility for forbearance is.
CommonBond’s mission is to build stable homes, strong futures, and vibrant communities.
Consider comparing offers from several lenders to get the best offer available for you. CommonBond announced a partnership with Prodigy Finance, an international post-graduate student lender, in July 2015. Nelnet committed $150 million to fund CommonBond loan volume and made an equity investment in the company.
The company’s commitment to making solar energy accessible and affordable is both commendable and timely. A key advantage of their service lies in the expedited funding process, ensuring that qualified applicants swiftly receive the funds necessary to address their financial requirements. Its extensive presence spans over 480 branches across 28 states, ensuring accessibility and personalized service for customers nationwide. The application process is streamlined and efficient, allowing borrowers to apply online and typically receive a prompt response on the same business day.