CommonBond helps you refinance Student Loans, refinance Parent PLUS Loans, and secure MBA Student Loans.
Through CommonBond, borrowers gain access to low fixed- and variable-rate student loan products to refinance existing student loans after graduation or to finance an MBA while in school.
More than 2,000 Title IV accredited universities or graduate programs are eligible to refinance with CommonBond, and they provide MBA Student Loans to various schools within their network.
Plus, anybody can participate in the CommonBond referral program to earn $200 cash via PayPal when you refer a new borrower who takes out a loan or refinances with CommonBond.
Unlike the SoFi Student Loan Refinancing $100 Bonus, which actually provides borrowers with a $100 bonus for refinancing or taking out a loan, CommonBond does not offer any type of incentive for the borrower, while the referrer gets a $200 reward.
Still, if you have a friend who needs to refinance or get a student loan, then you could offer to split the $200 bonus with them if they use you as their referral, so that you could both benefit from this offer.
Even if you’re just thinking about using CommonBond to get a student loan, it would make sense to have one of your family members or friends refer you, so that you could share the bonus money and/or splurge on something together.
CommonBond Refer A Friend Program Details
To participate in the CommonBond Referral Program, you simply enter your PayPal-associated email address to access your unique referral link.
You can then share your referral link however you wish with friends who can refinance graduate student loans or need money for an MBA.
You’ll get $200 deposited into your PayPal account for each friend who applies and takes out a loan or refinances with CommonBond.
You will receive the $200 when your friend’s loan is approved and disbursed, and payments are made on the first business day of the month following disbursement.
There is no limit to the number of friends that you can refer or how much you can earn, but if you refer 3 or more people, you’ll get a 1099-MISC form to use when filing your taxes.
You don’t have to be a CommonBond borrower or applicant to refer friends.
If you are interested in taking out a loan, and you don’t have somebody to refer you, you can use this CommonBond Referral Link that was provided by a reader, so that somebody can benefit from the $200 bonus.
You may also feel free to exchange CommonBond referrals in the below comments or reach out to people who may be willing to split the bonus with you.