SoFi Student Loans vs CommonBond Student Loans

SoFi is a good option if you have a great credit score. How does it compare to CommonBond? Read our comparison chart below.

SoFi is one of the largest student loan refinancing providers. It refinances both federal and private loans, as well as Parent PLUS loans. It offers loan terms from 5 to 20 years. One unique benefit is that SoFi offers complimentary career coaching to borrowers out of work. Minimum $5,000 in loans to be eligible.

While CommonBond is a student loan refinance provider focused on community. It has a strong community that hosts networking events and career assistance. In addition, it has a social mission to fund the education of global students in need. CommonBond offers both fixed and variable rate loans, as well as a hybrid loan. Minimum $5,000 in loans to be eligible.

Compare SoFi with CommonBond, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	SoFi Student Loans	CommonBond Student Loans


	SPECIAL OFFER Refinance Student Loans - Learn More Read SoFi Review	OFFER Refinance Student Loans - Learn More Read CommonBond Review
	Benefits and Features
Variable APR	2.25% to 6.43% APR (with AutoPay)	4.44% – 8.09% APR (with AutoPay)
Fixed APR	2.99% to 6.88% APR (with AutoPay)	4.49% – 7.74% APR (with AutoPay)
Minimum Amount	$5,000 (may be higher depending on state)	$5,000
Maximum Amount	No maximum	Up to $500,000
Loan Term	5 to 20 years	Flexible repayment options
State Residency	All states eligible	Most states with the exception of: MI and NV
Degree Requirements	Associates or higher	Associates or higher
Income Requirements	None	None
Employment Requirements	Must be employed or have an offer to start within 90 days	Must be employed or have an offer
Interest Only Payments	No	No
Origination Fees	None	None
Prepayment Penalty	None	None
Can Use a Cosigner	Yes	Yes
Can Release a Cosigner	No	Yes
Auto-Pay Interest Rate Reduction	Yes	Yes
Soft Credit Check	Yes	Yes
Unemployment Protection	Yes	Yes
	CreditDonkey® Reviews

Customer Service
Loan Term
Ease of Use
Interest Rates
Payment Flexibility
Pros & Cons	Pros: Keep federal grace period Refinance Parent Plus loans Cons: Must have great credit score	Pros: Hybrid program Payment protections Social mission Cons: Not available for all states Long process to approval
Bottom Line	Good option if you have a great credit score... Read full review	Community-focused lender with unique hybrid rate option... Read full review

	Refinance Student Loans	Refinance Student Loans
	Terms Apply. SoFi Disclaimers	Terms Apply. CommonBond Disclaimers
SoFi: Pricing information from published website as of 2/22/2021 CommonBond: Pricing information from published website as of 6/19/2019