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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. The information contained in CommonBond's website has been prepared without reference to any particular user's lending or investment requirements or financial situation. The information contained and services offered in CommonBond's website are not provided to, and may not be used by, any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules or regulations of any governmental authority or regulatory or self-regulatory organization or clearing organization or where CommonBond is not authorized to provide such information or services. Some products and services described in CommonBond's website may not be available in all jurisdictions or to all potential users.

Terms and Conditions Apply. CommonBond is not affiliated with, nor does it endorse, any university or program. CommonBond reserves the right to modify its services at any time. This information is current as of May 1, 2017, and is subject to change.

Borrow

MBA student loan

1) Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. The Annual Percentage Rate (APR) shown for each MBA loan product reflects the accruing interest, the effect of one-time capitalization of interest at the end of a deferment period, a 2% origination fee, the full deferment payment plan option (in which there is a 21-month in-school deferment and a six-month grace period). All loans are eligible for a 0.25% reduction in interest rate by agreeing to automatic payment withdrawals once in repayment, which is reflected in the interest rates and APRs displayed. Variable rates may increase after consummation. All variable rates are based on a 1-month LIBOR assumption of effective .
MBA Fixed Rates

10 Years

Rate Range: Low High
APR (with autopay) 5.16% 6.36%
Est. monthly payment: $119.99 $130.12
Est. total interest: $4,199.07 $5,415.18
Est. total cost: $14,399.07 $15,615.18
Rate range:

Low
APR (with autopay): 5.16%
Est. monthly payment: $119.99
Est. total interest: $4,199.07
Est. total cost: $14,399.07
Rate range:

High
APR: 6.36%
Est. monthly payment: $130.12
Est. total interest: $5,415.18
Est. total cost: $15,615.18

15 Years

Rate Range: Low High
APR (with autopay) 5.16% 6.36%
Est. monthly payment: $119.99 $130.12
Est. total interest: $4,199.07 $5,415.18
Est. total cost: $14,399.07 $15,615.18
Rate range:

Low
APR (with autopay): 5.57%
Est. monthly payment: $93.04
Est. total interest: $6,546.78
Est. total cost: $16,746.78
Rate range:

High
APR (with autopay): 7.11%
Est. monthly payment: $106.11
Est. total interest: $8,900.09
Est. total cost: $19,100.69
MBA Variable Rates

10 Years

Rate Range: Low High
APR (with autopay) 5.16% 6.36%
Est. monthly payment: $119.99 $130.12
Est. total interest: $4,199.07 $5,415.18
Est. total cost: $14,399.07 $15,615.18
Rate range:

Low
APR (with autopay): 5.01%
Est. monthly payment: $118.72
Est. total interest: $4,045.91
Est. total cost: $14,245.91
Rate range:

High
APR (with autopay): 6.26%
Est. monthly payment: $129.28
Est. total interest: $5,313.40
Est. total cost: $15,513.40

15 Years

Rate Range: Low High
APR (with autopay) 5.16% 6.36%
Est. monthly payment: $119.99 $130.12
Est. total interest: $4,199.07 $5,415.18
Est. total cost: $14,399.07 $15,615.18
Rate range:

Low
APR (with autopay): 5.47%
Est. monthly payment: $92.17
Est. total interest: $6,389.54
Est. total cost: $16,589.54
Rate range:

High (Fully Deferred Repayment Plan)
APR: 7.02%
Est. monthly payment: $105.33
Est. total interest: $8,759.86
Est. total cost: $18,959.86

Under the Full Deferment Repayment Plan option, interest and principal may be deferred while a borrower is enrolled in school on at least a half time basis, and for an additional six month grace period (up to a maximum of 32 consecutive months) following (i) graduation, (ii) termination of enrollment, or (iii) if a borrower ceases enrollment on at least a half-time basis, at which time interest is capitalized and a 120-month repayment period (10-year term) or a 180-month repayment period (15-year term) begins. There are two other Repayment Plan options available, an Interest Only Repayment plan, in which principal will be deferred and payments made on interest only during the same period described above after which payments will increase to full principal and interest payments and a Full Principal and Interest Repayment plan, in which payments will begin immediately after disbursement. A borrower's actual APR may vary depending on the repayment option selected by the borrower. The dollar amount of the origination fee is based on the amount borrowed and will be added to the outstanding loan balance upon disbursement. Loans are not offered or endorsed by the educational institution that you are attending. CommonBond is not affiliated with any educational institution.

Savings calculation of $20,392 is based on an assumed $99,621 loan amount, a fixed product with 5.85% rate plus an assumed 0.25% ACH discount when the borrower enter full repayment, deferred payment for a 21 month in-school period and a six-month grace period, and one single disbursement. The loan is assumed to be taken out for one year of the borrower's MBA education. Savings is calculated as the difference between a borrower's estimated future payments of $68,086 in Direct Grad PLUS loans and their future expected payments with CommonBond. This assumes a standard 10 year repayment period and the Stafford APR of 6.64% and the Grad PLUS APR of 8.07%. The calculation assumes on-time payments.

2. Savings calculation of $23,050 is based on an assumed $99,621 loan amount, a variable product with the average 5.58% rate, plus an assumed 0.25% ACH discount when the borrower enters full repayment, deferred payment for a 21 month in-school period and a six-month grace period, and one single disbursement. The loan is assumed to be taken out for one year of the borrower's MBA education. Savings is calculated as the difference between a borrower's estimated future payments of $68,086 in Direct Grad PLUS loans and their future expected payments with CommonBond. This assumes a standard 10 year repayment period and the Stafford APR of 6.64% and the Grad PLUS APR of 8.07%. The calculation assumes no change in interest rates, on-time payments.

Undergraduate & graduate student loan

3) Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. The Annual Percentage Rate (APR) shown for each in-school loan product reflects 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 by agreeing to automatic payment withdrawals once in repayment, which is reflected in the interest rates and APRs displayed. Variable rates may increase after consummation. All variable rates are based on a 1-month LIBOR assumption of effective .
Variable Undergraduate Rates

5 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 3.72%
(with ACH discount)
8.65%
Est. monthly payment: $182.92 $303.41
Est. total interest: $775.12 $8,004.47
Est. total cost: $10,975.12 $18,204.47
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR*: 3.72% (with ACH discount)
Est. monthly payment: $182.92
Est. total interest: $775.12
Est. total cost: $10,975.12
Rate range:

High (Fully Deferred Repayment Plan)
APR: 8.65%
Est. monthly payment: $303.41
Est. total interest: $8,004.47
Est. total cost: $18,204.47

10 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 3.72%
(with ACH discount)
8.65%
Est. monthly payment: $182.92 $303.41
Est. total interest: $775.12 $8,004.47
Est. total cost: $10,975.12 $18,204.47
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 5.87%
Est. monthly payment: $110.39
Est. total interest: $3,047.38
Est. total cost: $13,247.38
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.18%
Est. monthly payment: $192.63
Est. total interest: $12,915.06
Est. total cost: $23,115.06

15 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 3.72%
8.65%
Est. monthly payment: $182.92 $303.41
Est. total interest: $775.12 $8,004.47
Est. total cost: $10,975.12 $18,204.47
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 6.12%
Est. monthly payment: $85.03
Est. total interest: $5,105.45
Est. total cost: $15,305.45
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.68%
Est. monthly payment: $162.80
Est. total interest: $19,102.61
Est. Total Cost: $29,302.61
Fixed  Undergraduate Rates

5 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 3.72%
(with ACH discount)
8.65%
Est. monthly payment: $182.92 $303.41
Est. total interest: $775.12 $8,004.47
Est. total cost: $10,975.12 $18,204.47
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 5.30% (with ACH discount)
Est. monthly payment: $190.11
Est. total interest: $1,206.78
Est. total cost: $11,406.78
Rate range:

High (Fully Deferred Repayment Plan)
APR: 8.79%
Est. monthly payment: $306.27
Est. total interest: $8,176.29
Est. total cost: $18,376.29

10 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 3.72%
8.65%
Est. monthly payment: $182.92 $303.41
Est. total interest: $775.12 $8,004.47
Est. total cost: $10,975.12 $18,204.47
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 6.05%
Est. monthly payment: $111.25
Est. total interest: $3,150.62
Est. total cost: $13,350.62
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.32%
Est. monthly payment: $195.05
Est. total interest: $13,206.05
Est. total cost: $23,406.05

15 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 3.72%
8.65%
Est. monthly payment: $182.92 $303.41
Est. total interest: $775.12 $8,004.47
Est. total cost: $10,975.12 $18,204.47
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 6.29%
Est. monthly payment: $85.96
Est. total interest: $5,273.59
Est. total cost: $15,473.59
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.82%
Est. monthly payment: $165.24
Est. total interest: $19,541.24
Est. total cost: $29,741.24
Variable Graduate Rates

5 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 3.72%
(with ACH discount)
9.17%
Est. monthly payment: $182.92 $263.01
Est. total interest: $775.12 $5,580.76
Est. total cost: $10,975.12 $15,780.76
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 3.72% (with ACH discount)
Est. monthly payment: $182.92
Est. total interest: $775.12
Est. total cost: $10,975.12
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.17%
Est. monthly payment: $263.01
Est. total interest: $5,580.76
Est. Total Cost: $15,780.76

10 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR 5.77% 9.60%
Est. monthly payment: $110.39 $166.04
Est. total interest: $3,047.38 $9,724.57
Est. total cost: $13,247.38 $19,924.57
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 5.77%
Est. monthly payment: $110.39
Est. total interest: $3,047.38
Est. total cost: $13,247.38
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.60%
Est. monthly payment: $166.04
Est. total interest: $9,724.57
Est. total cost: $19,924.57

15 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR 6.02% 9.63%
Est. monthly payment: $85.03 $139.55
Est. total interest: $5,105.45 $14,920.95
Est. total cost: $15,305.45 $25,120.95
Rate range:

Low (Full Principal amd Interest Repayment Plan)
APR: 6.02%
Est. monthly payment: $85.03
Est. total interest: $5,105.45
Est. total cost: $15,305.45
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.63%
Est. monthly payment: $139.55
Est. total interest: $14,920.95
Est. total cost: $25,120.95
Fixed Graduate Rates

5 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 5.30%
(with ACH discount)
9.32%
Est. monthly payment: $190.11 $264.98
Est. total interest: $1,206.78 $5,698.74
Est. total cost: $11,406.78 $15,898.74
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 5.30% (with ACH discount)
Est. monthly payment: $190.11
Est. total interest: $1,206.78
Est. total cost: $11,406.78
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.32%
Est. monthly payment: $264.98
Est. total interest: $5,698.74
Est. total cost: $15,898.74

10 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 3.72%
9.17%
Est. monthly payment: $182.92 $263.01
Est. total interest: $775.12 $5,580.76
Est. total cost: $10,975.12 $15,780.76
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 5.95%
Est. monthly payment: $111.25
Est. total interest: $3,150.62
Est. total cost: $13,350.62
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.76%
Est. monthly payment: $167.81
Est. total interest: $9,937.30
Est. total cost: $20,137.30

15 Years

Rate Range: Low
(Full Principal and Interest Repayment Plan)
High
(Fully Deferred Repayment Plan)
APR* 3.72%
9.17%
Est. monthly payment: $182.92 $263.01
Est. total interest: $775.12 $5,580.76
Est. total cost: $10,975.12 $15,780.76
Rate range:

Low (Full Principal and Interest Repayment Plan)
APR: 6.19%
Est. monthly payment: $85.96
Est. Total Interest: $5,273.59
Est. total cost: $15,473.59
Rate range:

High (Fully Deferred Repayment Plan)
APR: 9.79%
Est. monthly payment: $141.38
Est. total interest: $15,250.50
Est. total cost: $25,450.50

Under the Full Deferment Repayment Plan option, interest and principal may be deferred while a borrower is enrolled in school on at least a half time basis, and for an additional six month grace period (up to a maximum of 60 consecutive months) following (i) graduation, (ii) termination of enrollment, or (iii) if a borrower ceases enrollment on at least a half-time basis, at which time interest is capitalized and a 60-month repayment period (5-year term), a 120-month repayment period (10-year term) or a 180-month repayment period (15-year term) begins. There are three other Repayment Plan options available, an Interest Only Repayment plan, in which principal will be deferred and payments made on interest only during the same period described above after which payments will increase to full principal and interest payments, a Flat Repayment plan, in which payments of $25 will be made during the same period described above after which payments will increase to full principal and interest payments, and a Full Principal and Interest Repayment plan, in which payments will begin immediately after disbursement. A borrower's actual APR may vary depending on the repayment option selected by the borrower. The dollar amount of the origination fee is based on the amount borrowed and will be added to the outstanding loan balance upon disbursement. Loans are not offered or endorsed by the educational institution that you are attending. CommonBond is not affiliated with any educational institution.

Savings calculation of $2,263.91 is calculated as the difference between a borrower's estimated future payments of $15,000 in Direct Grad PLUS loans at an APR of 7.58%, and their future expected payments with CommonBond on a 10 year fixed loan with an APR of 6.71%.  The calculation assumes a 0.25% ACH discount is applied to the CommonBond loan when the borrower enters full repayment, deferred payment for a 48 month in-school period and a six-month grace period, one single disbursement, and on-time payments.

Refinance loan
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 effective .
Products

Fixed rate

Lowest APR (with autopay): 3.20%
Highest APR (with autopay): 7.25%
Variable rate cap: N/A
Variable rate margin: N/A
Lowest APR (with autopay): 3.20%
Highest APR (with autopay): 7.25%
Variable rate cap: N/A
Variable rate margin: N/A

Variable Rate

Lowest APR (with autopay): 2.72%
Highest APR (with autopay): 7.25%
Variable rate cap: 8.99% - 9.99%
Variable rate margin: 0.90% - 5.43%
Lowest APR (with autopay): 2.72%
Highest APR (with autopay): 7.25%
Variable rate cap: 8.99% - 9.99%
Variable rate margin: 0.90% - 5.43%

Hybrid Rate

Lowest APR (with autopay): 4.30%
Highest APR (with autopay): 6.31%
Variable rate cap: 9.99%
Variable rate margin: 2.64-4.68%
Lowest APR (with autopay): 4.30%
Highest APR (with autopay): 6.31%
Variable rate cap: 9.99%
Variable rate margin: 2.64-4.68%

For the Hybrid Loan Product, the first 60 payments (5 years) of the hybrid loan have a fixed rate which ranges from 4.25% (with auto pay discount) to 6.25% (with auto pay discount). The last 60 payments (last 5 years) have a variable rate which is the total of the margin plus 1-month LIBOR.

Borrowers are eligible during the repayment period for the 0.25% reduction in the loan rate by signing up for auto pay and making monthly payments. Variable loan rates may increase after origination. Full principal and interest payments will begin approximately 30-60 days after disbursement. There is no origination fee for Refinance Loans. The Refinance Loan Program is not offered or endorsed by the educational institution that you are attending.

5) The Federal government offers a consolidation loan for existing federal loans. 7.4% represents a weighted average interest rate based on a borrow amount of $20,500 per year for the Stafford loan and remaining from Direct PLUS.

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.

Average monthly savings calculation of $323 is based on all CommonBond members who refinance their student loans between 1/1/17 and 1/31/17. Savings is calculated as the monthly student loan payments prior to refinancing minus the monthly student loan payments after refinancing with CommonBond. The calculation is a weighted average dollar savings 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 monthly savings calculation 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 than 30 years, and the member did not provide sufficient information regarding his or her outstanding balance, loan type, APR, or current monthly payment.

Dentists:

Savings calculation of $31,824 is based on an assumed loan balance of $247,000 and a weighted average interest rate for CommonBond members that refinanced student loans from 10/1/2015-1/31/2016 and indicated they had a dental degree. Savings is calculated as the difference between borrowers' estimated future payments for loans at 7.21% (Federal Grad PLUS Rate between 7/1/14 and 6/30/15) and their future expected payments after refinancing with CommonBond. The calculation is a weighted average dollar savings across loan terms and assumes no change in interest rates, on-time payments, enrollment in ACH, and no pre-payment of loans.

Payments Saved calculation of 19 months is based on the average loan balance of $243,000 and a weighted average interest rate for CommonBond members that refinanced student loans since 1/1/2018 and indicated they had a Dental degree. The calculation assumes the borrower chose a 10-year CommonBond refinance loan, continued to pay CommonBond the same payment they would have paid with their Federal Grad PLUS loan, on-time payments, and enrollment in ACH. Time to payoff is calculated as the difference between the number of future payments for a 10-year Federal Grad PLUS loan Rate of 7.60% between 7/1/18 and 7/1/19, and the number of future payments if they paid the same amount each month after refinancing with CommonBond.

Doctors:

Savings calculation of $50,615 is based on student loans refinanced with CommonBond between 1/1/17 and 2/28/17 for those who indicated they had a medical degree. 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.

Payments Saved calculation of 19 months is based on the average loan balance of $188,000 and a weighted average interest rate for CommonBond members that refinanced student loans since 1/1/2018 and indicated they had a Medical degree. The calculation assumes the borrower chose a 10-yearCommonBond refinance loan, continued to pay CommonBond the same payment they would have paid with their Federal Grad PLUS loan, on-time payments, and enrollment in ACH. Time to payoff is calculated as the difference between the number of future payments for a 10-year Federal Grad PLUS loan Rate of 7.60%between 7/1/18 and 7/1/19, and the number of future payments if they paid the same amount each month after refinancing with CommonBond.

Lawyers:

Savings calculation of $28,974 is based on student loans refinanced with CommonBond between 12/1/16 and 2/28/17 for those who indicated they had a law degree. 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 than 30 years, and the member did not provide sufficient information regarding his or her outstanding balance, loan type, APR, or current monthly payment.

Payments Saved calculation of 19 months is based on the average loan balance of $121,000 and a weighted average interest rate forCommonBond members that refinanced student loans since 1/1/2018 and indicated they had a JD degree. The calculation assumes the borrower chose a 10-yearCommonBond refinance loan, continued to pay CommonBond the same payment they would have paid with their Federal Grad PLUS loan, on-time payments, and enrollment in ACH. Time to payoff is calculated as the difference between the number of future payments for a 10-year Federal Grad PLUS loan Rate of 7.60%between 7/1/18 and 7/1/19, and the number of future payments if they paid the same amount each month after refinancing with CommonBond.    

Pharmacists:

Savings calculation of $21,916 is based on an assumed loan balance of $144,718 and a weighted average interest rate for CommonBond members that refinanced student loans from 10/1/2015-1/31/2016 and indicated they had a Pharm.D degree. Savings is calculated as the difference between borrowers' estimated future payments for loans at 7.21% (Federal Grad PLUS Rate between 7/1/14 and 6/30/15) and their future expected payments after refinancing with CommonBond. The calculation is a weighted average dollar savings across loan terms and assumes no change in interest rates, on-time payments, enrollment in ACH, and no pre-payment of loans.

Payments Saved calculation of 18 months is based on the average loan balance of $113,000 and a weighted average interest rate for CommonBond members that refinanced student loans since 1/1/2018 and indicated they had a Pharma degree. The calculation assumes the borrower chose a 10-year CommonBond refinance loan, continued to pay CommonBond the same payment they would have paid with their Federal Grad PLUS loan, on-time payments, and enrollment in ACH. Time to payoff is calculated as the difference between the number of future payments for a 10-year Federal Grad PLUS loan Rate of 7.60% between 7/1/18 and 7/1/19, and the number of future payments if they paid the same amount each month after refinancing with CommonBond.

Optometrists:

Savings calculation of $14,941 is based on the actual average loan balance and a weighted average interest rate for CommonBond members that refinanced student loans from 12/1/2015-5/31/2016 and indicated that their occupation was Optometrist. Savings is calculated as the difference between borrowers’ estimated future payments for loans at 7.21% (Federal Grad PLUS Rate between 7/1/14 and 6/30/15) and their future expected payments after refinancing with CommonBond. The calculation is a weighted average dollar savings across loan terms and assumes no change in interest rates, on-time payments, enrollment in ACH, and no pre-payment of loans.

7. When you check your rates, CommonBond conducts a soft credit pull that will not affect your credit score. However if you continue your application, we will request your permission to obtain your full credit report from one or more consumer reporting agencies. This is a hard credit pull and may affect your credit score.

Federal Loan Disclosure

  1. A government loan is made according to rules set by the U.S. Department of Education. Government loans have fixed interest rates, meaning that the interest rate on a government loan will never go up or down.

  2. Government loans also permit borrowers in financial trouble to use certain options, such as income-based repayment, which may help some borrowers. Depending on the type of loan that you have, the government may discharge your loan if you die or become permanently disabled.

  3. Depending on what type of government loan that you have, you may be eligible for loan forgiveness in exchange for performing certain types of public service. If you are an active-duty service member and you obtained your government loan before you were called to active duty, you are entitled to interest rate and repayment benefits for your loan.

  4. If you are unable to pay your government loan, the government can refer your loan to a collection agency or sue you for the unpaid amount. In addition, the government has special powers to collect the loan, such as taking your tax refund and applying it to your loan balance.

  5. A private student loan is not a government loan and is not regulated by the Department of Education. A private student loan is instead regulated like other consumer loans under both state and federal law and by the terms of the promissory note with your lender.

  6. If you refinance your government loan, your new lender will use the proceeds of your new loan to pay off your government loan. Private student loan lenders do not have to honor any of the benefits that apply to government loans. Because your government loan will be gone after refinancing, you will lose any benefits that apply to that loan. If you are an active-duty service member, your new loan will not be eligible for service member benefits. Most importantly, once you refinance your government loan, you will not able to reinstate your government loan if you become dissatisfied with the terms of your private student loan.

  7. If your private student loan has a fixed interest rate, then that rate will never go up or down. If your private student loan has a variable interest rate, then that rate will vary depending on an index rate disclosed in your application. If the interest rate on the new private student loan is less than the interest rate on your government loans, your payments will be less if you refinance.

  8. If you are a borrower with a secure job, emergency savings, strong credit and are unlikely to need any of the options available to distressed borrowers of government loans, a refinance of your government loans into a private student loan may be attractive to you. You should consider the costs and benefits of refinancing carefully before you refinance.

  9. If you don't pay a private student loan as agreed, the lender can refer your loan to a collection agency or sue you for the unpaid amount.

  10. Remember also that like government loans, most private loans cannot be discharged if you file bankruptcy unless you can demonstrate that repayment of the loan would cause you an undue hardship. In most bankruptcy courts, proving undue hardship is very difficult for most borrowers.

Calculators

Loans are offered by CommonBond Lending, LLC (NMLS # 1175900).

Using the student loan repayment calculator does not constitute an offer to receive a loan and will not solicit a loan offer. Any payments will depend on the actual amounts for which you are approved, should you choose to apply. The calculator displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a loan based on the repayment plan and terms selected by you and compares these numbers to estimates for the Federal Grad PLUS Loan. You should review the benefits of federal loans before taking out a private loan. For more information about federal loans, click here. Calculated payments are only estimates. This calculator assumes that the interest rate remains constant throughout the life of the loan. This calculator also assumes that after the academic deferment period you will pay continuously throughout the repayment period with no additional breaks for deferment or forbearance. 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 (Immediate) and Interest Only Repayment plan loans (Interest Only). All loans are eligible for a 0.25% reduction in interest rate (ACH discount) by agreeing to automatic payment withdrawals once in repayment, but this reduction is not reflected in the APRs shown in this calculator. Variable rates may increase after consummation. We cannot guarantee the accuracy or completeness of the information or the calculator's applicability to your circumstances. For more information about rates, click here. The information contained and services offered in CommonBond's website are not provided to, and may not be used by, any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules or regulations of any governmental authority or regulatory or self-regulatory organization or clearing organization or where CommonBond is not authorized to provide such information or services. Some products and services described in CommonBond's website may not be available in all jurisdictions or to all potential users.