CommonBond Student Loans Review

Rating: 9.5 / 10 (Excellent)
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CommonBond is an online lender, offering in-school or refinancing of undergraduate, graduate, and MBA loans with highly-competitive fixed or variable rates. It also offers direct education resources enabling consumers to make informed choices on student loans. Founded in 2011, the company is based in New York City.

How is CommonBond rated?


Loan Specifics
Customer Experience
Company Reputation

Overall Rating: 9.5 / 10 (Excellent)

CommonBond is an online lender that matches borrowers with appropriate lenders. It has an easy online application process and puts focus on customer service. It was founded by three Wharton MBA students who were frustrated with their own student loan experiences and decided to offer an alternative to the industry standard. The company has only been around for six years but is a good choice for consumers who are considering a private student loan and want direct assistance in selecting the right loan.

CommonBond Loan Specifics

Loan Specifics - 9 / 10

CommonBond offers undergraduate, graduate, and MBA loans up to 100% of the cost of attendance (determined by the school) for Title VI or nonprofit schools (undergraduate, graduate) and to more than 25 MBA schools in its current network. It claims to offer below industry APR rates (fixed and variable), has three loan terms with no application fees or prepayment penalties; however, there is a 2% loan origination fee on all loan types. It offers multiple repayment options as well as a forbearance program in case of student hardship.
Loan Types
Minimum Loan Amount
not provided
Maximum Loan Amount
100% of school's cost of attendance
Loan Term
5, 10, and 15 years, available at both fixed and variable rates
Interest Rates
Fixed APR Range
Variable APR Range
Repayment Options
Loan Origination
Grace Period
Deferment or Forbearance
Cosigner Release

CommonBond Qualifications

Qualifications - 10 / 10

A cosigner is required on undergraduate loans, with a cosigner release offered after two years of payment. For eligibility, a student must be currently enrolled at least half-time in either the current or the upcoming school year. The student must be a U.S. citizen or be a permanent legal resident.
Cosigner Required
Course Load
Citizenship Requirement
U.S. Citizen
Permanent Legal Resident
Study Abroad Program Eligible

CommonBond Customer Experience

Customer Experience - 9 / 10

The company offers a "tech-enabled" experience including an easy, online application process with quick approval turnaround times. It offers direct educational resources enabling consumers to make informed decisions on loan selections. The website does have a student loan calculator for each different type of loan, and the company offers an auto-debit payment discount of 0.25%.
Student Loan Calculator
Online Quotes
Additional Services
Career Support
Auto-debit payment discount of 0.25%

CommonBond Company Reputation

Company Reputation - 10 / 10

The company made Forbes' Fintech List 2018 and has a B+ rating with the Better Business Bureau with no negative reviews. The company does not have a presence on Trustpilot.
Lender Type
Online Lender
Year Founded
BBB Rating
Number of BBB Positive Reviews
Number of BBB Negative Reviews
Date Collected

Consumer Litigation and Regulatory Actions

No consumer litigation or regulatory actions were found for this company.

Company Profile

Full Name
CommonBond Student Loans
Company Website
524 Broadway 6th Floor, New York, NY, 10012

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Top Rated
9.9 / 10
  • Multiple in-school repayment options
  • Check application status online
  • Loan e-signing
  • Free scholarship registration
  • BBB A+ rating