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Federal consolidation vs. private refinancing

Student loan consolidation can help you simplify your finances by combining multiple loans into one. Take a look at how these two options for consolidation compare:

Direct Loan Consolidation (Federal)

Multiple federal student loans are combined into one loan with one monthly payment.
Your interest rate is the average rate of all loans being consolidated.
You may be able to extend the length of your loan, which can lower your monthly payments, but result in more payments over time.
It's more convenient, but not a money-saving option.

CommonBond Refinancing (Private)

Multiple federal and private student loans are combined into one loan with one monthly payment.
Your new interest rate is based on your credit history and financial health.
On average, CommonBond members could save thousands.
Refinancing federal student loans with a private lender will forego federal student loan protections, such as public service forgiveness and income-based repayment plans.

CommonBond intends to conduct its daily operations in an equal and fair manner with customers and Third Parties alike. CommonBond does not discriminate on the basis of an applicant's race, marital status, nationality, gender, age, or religion; an applicant whose income is derived from a public assistance program; or an applicant who, in good faith, exercised rights under the Consumer Credit Protection Act.

DISCLAIMER: Offered terms and rates are subject to change and state law restrictions. Loans are made by CommonBond Lending, LLC (NMLS # 1175900). For student loans, CommonBond is not affiliated with the school you attended or are attending. For solar loans, CommonBond is not an affiliate of the solar installation company through which you purchase or have your solar equipment installed. CommonBond does not offer tax advice; speak with your tax advisor about any tax benefits or information associated with your loans. None of the information contained in CommonBond's website constitutes a recommendation, solicitation or offer by CommonBond or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.

If a bonus is offered for student loan refinancing, bonuses are limited to one bonus per borrower, the associated loan must book, and the loan cannot be a refinance of an existing CommonBond loan. Cash bonuses will be credited to your PayPal account or a check will be mailed to the address in your loan application within six (6) weeks of origination of the refinance. Rate discount bonuses will be reflected in the interest rate disclosed in your Final Truth In Lending Act Disclosure and promissory note for your loan.