CommonBond Helps Employees with Student Loans and More

CommonBond is a company that's making a real difference in the lives of its employees. They offer a unique benefit that helps employees pay off their student loans.

By partnering with CommonBond, employees can get access to lower interest rates and reduced payments. This can save them thousands of dollars over the life of their loans.

CommonBond is a financial technology company that offers student loan refinancing and private student loans. They were founded in 2013.

Their goal is to help borrowers save money on interest and pay off their loans faster. They do this by offering competitive interest rates and flexible repayment terms.

CommonBond has partnered with over 100 universities and colleges to offer exclusive benefits to alumni and students. These benefits include reduced interest rates and lower fees.

Borrowers can refinance loans up to $500,000 and choose from a variety of repayment terms, including 5, 7, 10, 15, and 20-year options.

CommonBond has partnered with MLT to share their career opportunities with their community. They're excited to welcome new talent to their NYC office.

CommonBond has originated hundreds of millions of dollars in loans since their inception. They've also raised their Series B equity round, a significant milestone for the company.

As part of their 1-for-1 model, CommonBond funds the education of a student in need for a year through their partnership with Pencils of Promise. For every degree they fully fund on their platform, they provide access to education for a child in need.

CommonBond is looking to hire smart, talented, and motivated people to help take their company to the next level. They're offering a simple online application process and friendly customer care for their potential employees.

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CommonBond's employee benefits are designed to help staff pay down their student loan debt and achieve financial goals.

The company offers its employees up to $1,200 a year towards their student loans, which can be a huge relief for those carrying debt.

CommonBond's commitment to helping employees with student loans is a win-win for both the company and its workers, as it allows them to be more present in their daily responsibilities.

By providing a monthly contribution of $100 towards employee student loans, CommonBond is showing its employees that it's invested in their well-being and success.

CommonBond offers a unique benefit to its employees, one that sets it apart from other companies. They provide up to $1,200 a year towards employees' student loans.

A large portion of CommonBond's workforce is made up of millennials, who are statistically more likely to carry student loan debt. This benefit is designed to help employees pay down their debt and achieve their financial goals.

By offering this benefit, CommonBond is helping its employees come to work and be more present in their day-to-day responsibilities. This is a win-win scenario for both the company and its workers.

CommonBond's senior director of enterprise, Dave Carter, is a direct recipient of this benefit. He saved $15,000 by using CommonBond to finance his MBA at NYU.

The company's commitment to helping its employees with student loans is evident in its actions. CommonBond puts its money where its mouth is, helping not only consumers with their student loan debt burden, but also its own employees.

The Opus Foundation provided a $100,000 grant to CommonBond in 2023 to finish out the childcare space at Rise Early Learning Center.

This grant was distributed over two years to create a creative, engaging, and educational place for children to learn and grow.

The Opus Foundation prioritizes funding critical needs in Opus communities to make them better places to live, work, and raise families.

Rise on 7 is located near Opus' recently completed Corsa Apartments, making it a natural fit for the Foundation's support.

The Opus Foundation's contribution was crucial in making Rise Early Learning Center a reality.

Without the Foundation's help, CommonBond's traditional funding sources wouldn't have been able to cover the costs of building the childcare center, including plumbing, drywall, and electrical work.

One of the earliest move-ins at Rise Early Learning Center was a mom and her twins, who will be sending their children to the center for care.

The Foundation has been a long-time supporter of CommonBond, providing them with $707,500 in grants since 2006.

Their direct resident services are a key part of what sets CommonBond apart from other affordable housing providers.

Alecia emphasizes the importance of stable housing, which requires residents to have an income, manage their health, and access basic necessities like food, childcare, and transportation.

CommonBond's mission aligns with the Foundation's priorities of building community and supporting partners driving positive change for underserved individuals and families.

The Foundation's support has been incredibly rewarding, allowing them to continue backing CommonBond's good work.

Their program-related investment (PRI) of $500,000 has also been a vital part of their partnership with CommonBond.

CommonBond has been making waves in the financial industry since its founding in 2013. The company's mission is to make student loan refinancing more accessible to everyone.

CommonBond's unique approach to student loan refinancing involves partnering with investors to provide more competitive rates. This allows borrowers to refinance their loans and save money on interest.

The company has already made a significant impact, with over $5 billion in loans refinanced. This is a testament to their commitment to helping people manage their debt.

CommonBond's focus on community is also noteworthy, with a program that allows employees to volunteer for a day and have their full salary donated to the charity of their choice. This kind of corporate social responsibility is inspiring.

Their employees are experts in the field, with an average of 7 years of experience in the financial industry. This expertise helps borrowers get the best possible deals on their loans.