While taking out loans for business school, our co-founder David found himself asking a lot of questions: Why is the process so confusing? Why is the customer service so bad? Why are the interest rates so high? Isn’t there a better way for people to borrow for school? He wasn’t alone—in the U.S., students are now struggling to pay down over $1.5 trillion in debt.
CommonBond was founded in 2012 to help relieve that burden, and since then we’ve funded over $4 billion in better student loans. Our approach is no big secret: lower rates, simpler options, and a world class experience—all built to support you throughout your student loan journey.
So far we’ve provided schools, teachers, and technology to thousands of young students, and our annual trip to Ghana gives customers and team members a chance to build more amazing classrooms alongside members of the local community. Here are some photos from our most recent visit.
donated to students in need through our Social Promise.
schools built through Pencils of Promise programs.
Our SoHo office is home-away-from-home to a team of capable and caring employees who are drawn to our core values and high standards. (The ping pong table, cold brew on tap, and monthly happy hours don't hurt either). Even our employee benefits are true to the mission: team members with student loans receive a monthly contribution towards paying down their student debt—it’s one more way we can help people reach their full potential. Like what we’re about? Join our team.
Our investor list is a who’s who of the brightest financial and operational minds around the world, including Fifth Third Bank, Neuberger Berman, August Capital, Tribeca Venture Partners, Social Capital, Nyca Partners, Victory Park Capital, and individual investors like former Citigroup CEO Vikram Pandit, and former Thomson Reuters CEO Tom Glocer.
A better way to do business
The way we see it, businesses have a responsibility to do more than just business. We’re passionate about giving people the opportunity to live their dreams, and we know improving student loans is just one way we can make a world of difference.
Our partnership with Pencils of Promise has provided schools, teachers, and technology to thousands of young students in the developing world and our yearly trip to Ghana gives customers and team members a chance to visit the amazing classrooms we’ve built together.