Student lending platform now offering simplified refinance solution to 25 graduate programs
New York, NY – Oct 21 2013 – CommonBond, a leading student lending platform, announced today the launch of its refinance platform at five more MBA programs, bringing the total number of participating programs to 25. The newest participating programs include Boston University’s School of Management, Brigham Young University’s Marriot School of Business, Emory University Goizueta Business School, The University of Notre Dame Mendoza College of Business, and University of Wisconsin-Madison’s School of Business. MBA graduates of these programs can now apply at CommonBond.co.
“We are excited to welcome more MBA graduates to the CommonBond community,” said David Klein, co-founder and Chief Executive of CommonBond. “Our mission at CommonBond is to shift the culture of borrowing by providing a better student loan experience – one that is simple, low cost, and community-driven—to as many students as possible.”
MBA Refinance Loan Key Facts:
* 5.99% fixed 10-year interest rate with automatic debit
* Consolidate MBA and undergrad loans up to $220,000
* Save up to $17,300 and no additional fees to refinance Through CommonBond, students and graduates access a more affordable, fixed rate loan and broaden their opportunity prospects by joining a community of accomplished professionals.
By participating on the platform, borrowers also power social good through the company’s Social Promise. For every fully funded degree on the CommonBond platform, the company funds the education of a student in need abroad for a full year.
CommonBond lowers the cost of higher education in the U.S by connecting a community of borrowers and lenders to enable students to save money on their loans and investors earn a financial return. The company launched its inaugural loan program in November 2012 at The Wharton School of the University of Pennsylvania. In September 2013, CommonBond announced a $100M financing round to fund and refinance MBA students and graduates. The company plans to expand into Law, Medical, and Engineering graduate programs. CommonBond is the first company to bring the one-for-one model to education through the company’s Social Promise.