Refinance Student Loans

Refinance your student loans and save over $30,000 on average, with rates starting at 2.14% APR (with autopay).⁶

Checking your rate will not affect your credit score

Apply through this page and receive a $200 cash bonus when you refinance with CommonBond

You deserve a better rate.

Refinancing simply means taking out a new loan – at a lower interest rate – to consolidate and replace your old loans.

CommonBond offers three refinancing options that can save you tens of thousands of dollars – so you can finance your dreams.

Variable Rate⁴

The lowest starting interest rate- which can result in a lower total cost in the long run.

A variable rate can go up or down as the market changes, so your monthly payments may vary.

Rates from 2.81-6.74% APR
5, 7, 10, 15 or 20 years
$5,000 minimum loan balance
No origination fees
No pre-payment penalties

Fixed Rate⁴

A low interest rate that’s locked in for the life of your loan – so your monthly payments never change.

A fixed rate may result in a higher total cost, but you’ll rely on predictable monthly payments.

Rates from 3.35-7.12% APR
5, 7, 10, 15 or 20 years
$5,000 minimum loan balance
No origination fees
No pre-payment penalties

Hybrid Rate⁴

Rates are fixed for 5 years and then become variable for 5 years.

A hybrid rate may balance the tradeoffs by minimizing your interest rate, monthly payment, and total interest.

Rates from 3.77-6.22% APR
10 years
$5,000 minimum loan balance
No origination fees
No pre-payment penalties

*Includes 0.25% autopay discount.

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

CommonBond’s members save $24,046⁶, on average, by refinancing their student loans.

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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