CommonBond Student Loan Boot Camp Day 5: Student Loan Refinancing Versus Student Loan Consolidation

student loan refinancing versus student loan consolidation

Welcome back to Day 5 of the CommonBond Student Loan Boot Camp! Over the past four days, we learned the basics of student loans. Now we will move on to a more advanced topic: The difference between student loan refinancing and student loan consolidation. You can consolidate your student loans into one monthly payment, which […]

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Financial Wellness, Fintech MBAs and Constant Learners – Weekend Reads

financial wellness

PlanAdviser: Mercer Launches Financial Wellness Program Mercer, the world’s largest human resources consulting firm, launched a financial wellness service that partners with CommonBond to enable people to refinance their student loans at lower rates. “Employees are increasingly interested in their employer providing benefits that help them with their overall financial wellness—moving beyond the focus on […]

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CommonBond Student Loan Boot Camp Day 4: What Are Grace Period, Deferment and Forbearance?

grace period

Welcome back to Day 4 of the CommonBond Student Loan Boot Camp. Yesterday we learned about how student loan interest is capitalized. Today we will go deeper into the situations you may face that would cause your student loan interest to capitalize. Interest capitalizes following: A six-month grace period that begins on graduation day A […]

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CommonBond Student Loan Boot Camp Day 3: What Is Capitalized Interest?

capitalized interest

Now that you know the difference between principal and interest, on Day 3 of the CommonBond Student Loan Boot Camp we’re going to discuss “capitalized interest.” Capitalized interest is interest that has accrued on your student loans during a deferment or forbearance period and is added to your loan balance when repayment begins. (We will discuss what […]

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CommonBond Student Loan Boot Camp Day 2: Principal Versus Interest

principal versus interest

Welcome back to Day 2 of CommonBond’s Student Loan Boot Camp. Yesterday you learned about average student loan debt in the U.S. and about how student loan refinancing can help you save thousands on your student loans. Today we’re going to discuss the main components of your student loan payments: principal and interest. Let’s define […]

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CommonBond Student Loan Boot Camp Day 1: Average Student Loan Debt and Student Loan Refinancing

student loan refinancing

Student loans don’t have to be a burden. You can easily learn the basics of student loan debt and how to conquer it. That’s why we’re doing the 10-day CommonBond Student Loan Boot Camp. This is Day 1, and it’s a great place to begin your savings journey. You did everything right. You went to […]

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MBA Funding, Best Countries for Entrepreneurs and Taking Vacation – Weekend Reads

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BusinessBecause: MBA Students Are Flocking To Peer-To-Peer Lenders For Funding — Here’s Why Nearly a quarter of 2016 MBA students changed their list of target schools based on cost and financial aid and more than 40% of their initial choice was influenced by affordability, according to a survey by the Association of Independent Graduate Admissions […]

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Finding Your Student Loan Statement and Payment Address

student loan

Ready to apply to refinance your student loans with CommonBond? We’re excited to help you start saving! To complete your application, one of the key things you’ll need is a copy of your loan statements for all of your current student loans. Uploading the correct loan statements the first time speeds up the application process […]

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