Whether you’re a new admit (congrats!), current MBA or alum, your degree has probably come with a price tag of roughly $200,000. Oy. Figuring out how to pay for such a large sum can be intimidating and challenging.
The good news is that CommonBond is here to help. They’re a student-lending platform founded by Wharton MBAs who knew there had to be a better way to finance their degree than through the costly, confusing student loan system. They’ve funded over $100 million in student loans, helping students and graduates like you navigate the complex student loan industry. Here are some tips on how you can get the best deal on your education:
If you’re headed to school or a first-year MBA…
Your financing options are, broadly, scholarships, savings/personal accounts, and student loans. If you’re considering financing through student loans, CommonBond’s MBA Student Loan can be a great option for you, with rates as low 6.24% (6.40% APR) for U.S. citizens and permanent residents attending one of the eligible MBA programs.
The MBA Student Loan, combined with the federal government’s lower rate Direct Stafford Loan program, is a great way to keep costs down on your degree. You can also take advantage of options like interest-only repayment—paying just the accruing interest on your loans while still a student—in order to leave school with less debt.
If you’re a recent or soon-to-be graduate…
Refinancing your student debt offers you a chance to pick the rate, term, and type of loan that’s right for you. You can refinance your federal and private student loans into one new loan with rates starting at 1.92% APR for variable options. CommonBond has variable and fixed rates across various loan repayment options. Their average borrower saves over $10,000 through refinancing!
They’re more than just a low rate, though. They have an incredible customer care team that can answer any questions you have about the student loan process in general or specific questions you may have about your situation. Just email them at email@example.com or give them a call at (800) 975-7812, and they’ll be happy to help.
This article has been re-published as per the terms of LEAP Partners Program with Stacy Blackman Consulting.
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