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There’s a better way to get where you’re going

MBA student loans starting at 6.23% APR can save you over $11,700 vs. a federal loan.3

Rates & Terms

It’s true. Your rates really are this low.

10-Year Fixed Rate 6.05% (6.23%2 APR)
15-Year Fixed Rate 6.60% (6.72%2 APR)

MBA Student Loan Calculator

You’ve got enough math problems in your future. We’ve made this one easy.

    Your School's Costs:

    Update your expected costs including tuition, housing, and school supplies. Be sure to budget for trips with your fellow students and "cushion" in case of emergencies.

    Business School Expenses
    2017-2018 ($) 1
    2018-2019 ($) 1
    Total (%)
    Reset
    Program's Cost of Attendance
    Once-in-a-Lifetime Trips
    Cushion
    Extra Costs
    Total

    Your Savings and Scholarships:

    Input your expected funding for school that will come from sources other than student loans.

    Funding Source
    2017-2018 ($)
    2018-2019 ($)
    Total (%)
    Reset
    Scholarships
    Savings
    Total

    Your Student Loans:

    Split the amount you'd like to borrow among the four sources below. Please note that you forego certain federal loan program benefits if you use private student loans.

    Loan Type
    Interest Rate
    2017-2018 ($)
    2018-2019 ($)
    Total (%)
    Reset
    You are eligible to borrow up to
     
    CommonBond2
    6.05%
    Direct "Stafford" Loan3
    5.31%
    Federal Direct PLUS Loan4
    6.31%
    Other Private Loans5
    Total
    Your Financial Summary

    Based on what you entered, here are your anticipated monthly student loan payments.

    Total Cost of Your MBA
    Total Student Loan Debt
    Student Loan Term
    10 Years
    Interest Rate (Weighted Avg.)9
    Monthly Payment7
    Total Lifetime Cost
    Estimated Post-MBA Salary
    Debt to Income Ratio (DTI) 
    0% 
    Savings If Funded Through CommonBond
    Get Started
    • Want to pay early or extra? No problem.

      NO PREPAYMENT PENALTY


      Prepay your loan or pay more than the minimum with no penalty.

    • We're here for you. Good times and bad.

      MEMBER PROTECTIONS


      If you lose your job, we'll pause your payments, and even help you find work.

    • Travel, take a break, or just take a breath.

      GRACE PERIOD


      No payments until six months after you graduate.

    • Our security's tight - so your sleep can be, too.

      SAFE & SECURE


      SSL encryption ensures the safety and confidentiality of your information.

    • Get connected! Share experiences and resources with peers.

      MEMBER COMMUNITY


      Join our network of future leaders and successful professionals.

    • Want to add a cosigner? Give us a shout.

      NO COSIGNER NECESSARY


      A cosigner is not required to apply.

    WHEN WE SAY EASY, WE MEAN IT

    Just 3 steps to a better loan.

    • Tell Us
      About Yourself

      Complete our easy application.

    • School
      Approval

      We'll send the application to your school to ensure you're borrowing an acceptable amount.

    • Get
      Cash

      We'll disburse the loan to your school.


    REAL PEOPLE, REAL EXPERTS, REAL CARE

    Customer care is at the heart of CommonBond. We're here for you whenever you need us.

    CommonBond Care Team

    Frequently asked questions >

    (1) All items that make up a program’s cost of attendance are based off the most recent data available from each school and are assumed to increase by 5% over the prior year's published cost of attendance.

    (2) In this calculator, by default, the loans per year will be treated as CommonBond MBA Student Loans. CommonBond MBA Student Loans are offered at one fixed rate of 6.05% with a 10-year term and a 2% origination cost.

    (3) Direct "Stafford" loans have a 1.068% origination cost. The rate for Direct "Stafford" loans is set by the government on June 1 of every year. The 2016-2017 rate is set at 5.31%.

    (4) Direct PLUS loans loans have a 4.272% origination cost. The rate for Federal Direct PLUS loans is set by the government on June 1 of every year. The 2016-2017 rate is set at 6.31%.

    (5) "Other Private Loans" apply an 8.5% interest rate with no origination cost. Users of this calculator can adjust this interest rate.

    (6) These monthly payments are based on a ten-year repayment period. The payments also assume two semesterly disbursements for each year in which you borrow, as well as accruing interest while in school and a 6-month grace period after graduation. At the culmination of the 6-month grace period, the accrued interest is capitalized into the loan balance to calculate the scheduled monthly payment for the 120-month repayment period.

    (7) This dollar amount is the total savings you can achieve over the full ten-year repayment term when choosing to fund debt with CommonBond versus the mix of debt options currently selected (based on the inputs you have currently selected).

    (8) The weighted average interest rate in "Your Financial Summary" includes the weighted average of the interest rates for Direct "Stafford" Loan, Federal Direct PLUS Loan, CommonBond, Other Private Loans and/or Family Loans. Please note that you forego certain federal loan program benefits if you use private student loans.

    The views and calculations presented here are in no way meant to serve as professional financial advice, and do not reflect the position and opinions of CommonBond. This calculator is FOR ILLUSTRATIVE PURPOSES ONLY, is not guaranteed to be accurate, and is not guaranteed to be applicable to your actual situation which may vary based upon your specific "sources" (gifts, scholarships, loans, cash, retirement accounts) and "uses" (tuition and fees, living costs, personal discretionary spending). You should confirm individual budget items and overall cost of attendance directly with respective programs.