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Additional information

Fixed APR


Variable APR


Loan amounts

$5,000 to $500,000

Minimum Credit Score


Term Duration

5,7,10,15, to 20 Years

Financeive’s rating



CommonBond can be a great choice for a college student looking to refinance their loan at a lower interest rate or for a longer period, as well as those needing additional funding for their degree program expenses.

The application procedure is quick and painless, and the loan amounts accessible are greater than those provided by other private student loan lenders.

You can read our full Commonbond review to inform your decision-making process.

Pros and Cons of CommonBond Refinancing

The following are some of the most significant pros and cons of The CommonBond.
– You can refinance parent PLUS debts in your name.
– You can see if you’ll qualify and what rate you’ll get without a hard credit check.
– Co-signer release: After you make at least 24 on-time payments, you can release your co-signer from the loan.
– Appealing forbearance program: Borrowers may seek forbearance for a maximum of 24 months over the term of their loan. Natural disaster forbearance allows you to suspend payments during a national emergency, such as the COVID-19 pandemic.

– Co-signer required: Except for borrowers pursuing business, medical, and dental degrees, all borrowers are required to have a creditworthy co-signer.
– Not available everywhere: Customers in Mississippi and Nevada do not have access to any lending.

Who Is the Best Fit For CommonBond?

For fresh graduates who already intended to use a co-signer, CommonBond is the best option.

Although most students need a co-signer, this might help you obtain the lender’s lowest rates.

The lender also has a defined hardship program, which allows you to delay payments if necessary.

Borrowers can apply for a maximum of 24 months’ worth of total hardship forbearance during their loan term.

The lender also provides natural disaster forbearance, which allows you to halt payments during a national emergency.

Also, If you’re looking for a high-quality, reliable charity that your lender is dedicated to, CommonBond is an excellent choice.

As CommonBond funds 1 year of tuition for students in need through the international Pencils of Promise program every time it fully finances a degree.

How Can You Qualify for CommonBond Student Loans?

CommonBond also has a reputation for obtaining a higher approval rate than other student loan refinancing firms.

Borrowers with excellent credit can expect to receive a low-interest rate, whereas borrowers with poor credit may be accepted.

The minimum FICO score for CommonBond is 660 and has a history of 2 years in employment and credit, but a co-signer can cover the requirements.

All student borrowers must be enrolled in a degree-seeking program at least half-time.