Undergraduate Student Loans

Competitive rates, award-winning service, and educational resources to help you start your college experience on the right foot.

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A Smarter Student Loan

  • No pre-payment penalties
  • Payment postponement available
  • Deferment options
  • 5, 10 and 15 year terms
Tailored Rates that Match Your Needs

Variable Rates*

3.74% APR


9.70% APR

Fixed Rates*

5.30% APR


9.82% APR

* Rates assume autopay discount

You deserve a better student loan.

We're on a mission to make student loans more affordable, more transparent, and easier to manage. We provide resources and support every step of the way, and take pride in being a partner on your educational journey. And the best part? With CommonBond, you'll always receive a competitive rate. No double-digit interest rates here.

variable rate graph

Variable Rate3

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 3.74-9.70% APR

  • 5, 10 or 15 years

variable rate graph

Fixed Rate3

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 5.30-9.82% APR

  • 5, 10 or 15 years

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.


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.


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


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.


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:

Who can apply for a CommonBond loan?

We lend to undergraduate students who are currently enrolled at least half-time for any bachelor’s degree, or will be enrolled at least half-time for the upcoming school year, at eligible Title IV or not-for-profit schools.

Do my parents need to be cosigners on my application?

We require students to apply with a creditworthy cosigner. A creditworthy cosigner could be a parent, family member or friend. A cosigner commits to paying the balance of the loan in the event that you cannot. However, after 2 years of payments, you can apply to release your cosigner from your loan.

What is cosigner release and when can I apply?

A student is eligible to apply for cosigner release after graduation and 24 consecutive months of full payment. The student must be the age of majority (16-21 years old, depending on the state in which you live) and meet the current underwriting criteria under the loan program at the time of applying for cosigner release. Any period of forbearance interrupts consecutive payments.

Are there any fees or penalties?

With a CommonBond loan, there’s a 2% origination fee, but there are no other application fees or prepayment penalties of any kind. This origination fee is subject to state specific regulations.

While origination fees are important, you should also be comparing APRs. APR stands for Annual Percentage Rate and it’s the interest rate, inclusive of origination fees, that you’ll pay on your student loan. The APR is the all-inclusive number that matters most.

Are there any protections offered?

Yes! There are no prepayment penalties, so you can pay off your loan early, or pay more in any given month, if you choose. And we also offer forbearance to students who encounter economic hardship after graduation.