CommonBond, one of the major players in online student loans announced their Series C equity round today. The total raise, which is over...
There is no question that student lending is a massive market and several companies in the online lending industry have been...
CommonBond is receiving $750 million in lending capacity from Barclays, BMO, Citibank, Goldman Sachs and ING; CEO David Klein commented...
CommonBond has laid off about 18 percent of their workforce as they restructure internally to prepare for what they believe...
American Banker talks with David Klein, CEO of CommonBond about the fintech industry and his insight on the effects of a fintech charter; David Klein says company valuations across the industry are more realistic and the industry is maturing with more lending platform investments focused in later round fundraisings; explains the company's technology solution for employers adding student loan payment benefits; notes the company's default rate is zero; says the OCC fintech charter should give fintech companies better competitive market positioning and help to reduce costs. Source
CommonBond, best known as a leading provider of online student loans, has made its second acquisition, NextGenVest, an artificial intelligence...
CommonBond has created a March Debtness bracket to look at the payoff rates of this year's March Madness basketball teams; the bracket identifies the time it takes for students to pay off their student loans; UCLA is CommonBond's current March Madness winner with the fastest payoff rate at 4.42 years. Source
CommonBond focuses on helping those with student loans better manage their debt. Earlier this week they released an interesting study...
CommondBond has expanded its loan offerings to include undergraduates; its products now include loans for undergraduate and graduate students, refinancing options for graduates and employer student loan benefits; its newly launched in-school loans have variable APRs starting at 2.87% and fixed APRs starting at 5.50%; they will also include a range of repayment options; in combination with the new loan offerings CommonBond will also partner with Pencils of Promise to support the educational funding of a child in need for every new loan funded on the platform; additionally, CommonBond has announced new online tools for comparing loans; the firm is also building out its employer student loan benefits product which involves integration with Gradible, which it acquired last year. Source
A new study by Commonbond shows that employers who offer student loan benefit programs are more likely to keep employees...