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MBA Student Loans

Save $18,1142, on average, with competitive rates, award-winning service, and the resources you need to help you make the most of your business school investment.

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A Smarter B-School Loan

  • No cosigner required
  • No pre-payment penalties
  • Payment postponement available
  • 29 eligible programs (see list)
Better Rates than the Federal Grad PLUS loan

Variable Rates*

5.11% APR

10 year

5.26% APR

15 year

Fixed Rates*

6.25% APR

10 year

6.72% APR

15 year

* APRs above assume deferred repayment plan

Try our comparison calculator to see much how you could save 8

1. Input details of your CommonBond loan

Commonbond

MBA Loan

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Total Savings

During School Mo. Payments

After Graduation Mo. Payments

2. Review details for your Grad PLUS loan

Federal

Grad PLUS Loan

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N/A

During School Mo. Payments

After Graduation Mo. Payments

*Review Federal loan protections here.

3. Compare loans

MBA Loan Grad PLUS Loan
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CommonBond is more than just a lender. We’re a leader.

We’ve funded over a billion dollars, and changed the face of student lending.

Personalized Competitive Rates

We use data and technology to get to know you, so we can tailor a competitive interest rate specifically for your financial situation.

Education

We provide resources, information, and options (like less long-term debt!) to help you understand the impact of your choices – so you can make the right decisions.

Simplicity

With our easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles. No kidding.

Protections

Our CommonBridge program lets you temporarily postpone payments if you run into financial difficulties. We’ve got your back, while you get your finances back in order.

Service

Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have. Breathe easy – our experts know what you’re going through!

Social Promise

Your loan makes a difference. For every loan we fund, we also fund the education of a child in need. We're the first – and only – lender to make that promise.

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Common Questions

Too shy to ask? Here are some of the questions we usually get:

Do I qualify for CommonBond's MBA loan?

  • You must be a US citizen or permanent resident.
  • You must be a full-time student at one of the MBA programs in our network.
  • We will review your credit to make an instant decision on your application.

How much should I borrow for my MBA program? Is there a maximum I can borrow?

  • Your school will set your maximum borrow amount based on their published cost of attendance (which includes living expenses) minus scholarships and other forms of assistance such as grants, fellowships, and financial aid. Our calculator can help you determine how much to borrow this year.
  • The maximum loan amount we lend per academic year is $110,000.

Do I need a cosigner to take out a loan with CommonBond?

No, you don't need a cosigner if you meet our minimum credit criteria.

How do I apply?

  • The online application is simple and takes minutes.
  • Once you're approved, you'll select a loan product and e-sign your loan disclosures.
  • Then, we will confirm your attendance and loan amount with your school. This can take anywhere from 5 days to 3 weeks, depending on your school.
  • Once your school certifies the loan, we will notify you by email and disburse the funds directly to your school. Read more here.

What are the terms and repayment options of the loan?

  • We offer 10- and 15-year fixed and variable MBA loans.
  • Borrowers may choose immediate, deferred or interest-only repayment.