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Why waste money every month?

Trade in your overpriced student loans for a new one that can help you pay off debt faster or save money for the future.

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the nitty gritty

How does it work?

A refinanced student loan saves you money, letting you put those savings to better use.

Frequently asked questions

What is the Federal Student Loan Interest & Payment Waiver?

Learn more here about the recent changes to federal student loans.

How much can I refinance?

You can refinance a minimum of $5,000 and a maximum of $500,000 in student loans.

How can CommonBond offer lower interest rates?

In many instances, your original student loans were either at a single, universal rate provided by the government or from a private lender at a time where you likely had minimal credit history or income. CommonBond gives you an interest rate based on your current credit history and income, which allows us to offer a lower rate in many instances.

How do I know if refinancing is right for me?

When you refinance, your old loans are paid off and combined into one, simple loan. You might consider refinancing if you are eligible for a lower interest rate, want to decrease your monthly payments, or switch from a variable-rate loan to a fixed-rate loan or vice versa. We can refinance federal, private, co-signed, and previously consolidated loans.

How do the programs and protections compare?

By refinancing a federal loan with CommonBond, you will no longer be eligible for certain federal loan programs such as income-based repayment and public service loan forgiveness.

CommonBond offers up to 32 months of academic deferment (the government offers 36 months). CommonBond also offers up to 24 months of forbearance in 3 month increments, which pauses payments but not interest (most other private lenders offer 0-12 months total). In forbearance, a borrower may delay payments for up to 12 consecutive months before needing to make a payment in the 13th month. The borrower can then delay payments for up to an additional 12 months. Federal forbearance allows this cycle indefinitely.

Full information on federal programs and protections can be found at or through your current lender.

What happens in the event of death or permanent disability?

Your loan is discharged and the cosigner is not responsible for the loan. CommonBond uses the Social Security Administration’s definition of Total or Permanent Disability when making this determination. MassMutual uses a different definition and does not coordinate discharge decisions with CommonBond.

What is the relationship between CommonBond and MassMutual?

MassMutual and CommonBond are working together to help you refinance your student loans. Student loan refinancing is through CommonBond, not MassMutual. Marketing compensation or other benefits may be paid by CommonBond, not you, to MassMutual and its representatives if you decide to refinance with CommonBond. CommonBond will periodically share some information such as demographic data and loan data with MassMutual.

Does taking out a loan with CommonBond mean I have a loan with MassMutual?

No.  CommonBond is your lender and will be with you, helping you manage your loan, until your very last payment.

Will CommonBond sell my loan to MassMutual?

CommonBond has partnerships with many financial companies including banks, credit unions, and innovative companies like MassMutual. CommonBond may sell loans to these companies, including MassMutual, to earn revenue. This allows CommonBond to deliver the best savings to its customers. While your loan may be sold to MassMutual or other companies, it’s important to remember that CommonBond will remain with you throughout the repayment process until your loan is paid in full.


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