It’s a real shame that we live in a society where people do not achieve a bachelor’s degree because of their finances, or a lack thereof. The Wharton University of Pennsylvania is a fine institution of higher learning but obtaining the resources to attend the school can be enough to make some people abandoned their goals of achieving an MBA. Fortunately, the Common Bond Company is available to assist aspiring students with the financing they need to continue their education.
Even if you have already graduated with an MBA, Common Bond can be a great assistance to you. As soon as you finish school, the government begins to hound you about repaying your student loan. Common Bond offers Wharton loan refinancing to give you a more affordable interest rate on the money you now owe.
Essentially, Common Bond reduces the price of higher education in the United States. This is achieved by connecting aspiring students and recent graduates to alumni investors. This allows the student to receive the financing that they need while allowing the investor the opportunity to make a financial return from the interest.
It is a well-known fact that alumni usually love the universities from which they graduated. Therefore, they want to see their schools thrive, which is a major reason they will invest in Wharton loan refinancing. Common Bond has been affiliated with the Wharton University MBA program for nearly 2 years and they have already helped many students get the financing they need and refinance their student loans, which may be drowning them in debt.
Common Bond has already funded millions of dollars to students and will expand to 20 MBA universities before the year is out. The Way It Works Our network of Wharton alumni realize that an MBA graduate has more earning potential and therefore more potential to pay back the loan. Investing in and aspiring student who is seeking an MBA is a much lower risk than auto or home loans. Most of our alumni merely want to see their universities succeed and the money they make off of the interests is just a bonus. The basis for Common Bond’s services is actually pretty simple.
If you’re looking to refinance, you have a principal, which is the amount you owe on the loan. You also have an interest rate that may be around 15%. If your principle is $50,000, common bond can pay this amount for you and give you a lower interest rate.
After you graduate, they make their money back off of the interest that you pay while providing you the opportunity to save thousands, or even tens of thousands depending on your interest rate and how much you owe. To be eligible for the common bond program, you must be a citizen or permanent resident of the United States and an alumnus of one of the universities in their network.
Your credit history and credit score play a factor in determining your eligibility but this may be the best option for Wharton loan refinancing. For many people, it is not the actual cost of attending college that prevents them from doing so but the high interest rates associated with it. Common Bond provides loans and refinancing with reasonable rates so students can concentrate on earning their degrees. Click here for more information about Wharton loan refinancing.