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	SPECIAL OFFER Refinance Student Loans - Learn More Read CommonBond Review
	Benefits and Features
Variable APR	2.31% to 7.36% APR (with AutoPay)	2.43% to 6.59% (with AutoPay)
Fixed APR	3.46% to 7.36% APR (with AutoPay)	3.49% to 8.07% (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	5 to 20 years; Hybrid loans are 5 years of fixed payments and 5 years of variable payments
State Residency	All states eligible	All states eligible
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
SoFi: Pricing information from published website as of 11/14/2019 CommonBond: Pricing information from published website as of 6/19/2019

Which is Better: SoFi or CommonBond?

Still need help deciding which student loans is better? Read the in-depth reviews below. You may also be interested in comparing SoFi or ELFI.

In short: SoFi's customer service is noteworthy. CommonBond's payment flexibility is excellent.

Articles on SoFi Student Loans

SoFi
Is student loan refinancing a good idea? Is SoFi legit? Is NOW a good time to refinance? Read on. The answers may surprise you.
• SoFi vs Earnest

Articles on CommonBond Student Loans

CommonBond Reviews
CommonBond offers competitive rates for student loan refinance along with a strong social mission. Is it right for you? See the pros and cons.

Which Do You Think is Best?

You Might Also Like

Credible Student Loan Refinance Review: Is It Legit?
Credible helps you easily compare offers from multiple student loan refinance lenders. It this free service good? Read on to learn how it works.

College Ave Review: Pros and Cons
College Ave offers competitive rates and flexible payment terms for student loans. But it has high income requirements. Is this refinancer right for you?

LendKey Review
Saving thousands of dollars on your student loans sounds perfect, and that's just what LendKey promises. Is it the real deal, though?

Best Student Loan Refinance
What is the best company to refinance student loans? Read this guide to compare interest rates and find out if it is still a good idea.

Should You Consolidate Your Student Loans?
Consolidating your student loans may lower your payments. But is it always a good idea? Learn the pros and cons of student loan consolidation and refinancing.

Earnest Student Loan Review: Pros and Cons
Earnest offers low student loan refinance rates and customizes payments based on your budget. But approval may be harder. Read on for the pros and cons.

Compare SoFi to:

You might also be interested in

Related: Student Loans

	How Much Will My Student Loan Payments Be Average student loan debt is around $35,000. But the type of loan, interest rate, and other factors will determine how much they'll actually cost. See an estimate of how much you can expect to pay each month.

Compare CommonBond to: