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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 LoansCommonBond Student Loans
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SoFi Student Loans

CommonBond Student Loans

Refinance Student Loans - Learn More

Read CommonBond Review


Benefits and Features

Variable APR2.25% to 6.43% APR (with AutoPay)
2.43% to 6.59% (with AutoPay)
Fixed APR2.99% to 6.88% APR (with AutoPay)
3.49% to 8.07% (with AutoPay)
Minimum Amount$5,000 (may be higher depending on state)
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
Employment RequirementsMust be employed or have an offer to start within 90 daysMust be employed or have an offer
Interest Only Payments
Origination Fees
Prepayment Penalty
Can Use a Cosigner
Can Release a Cosigner
Auto-Pay Interest Rate Reduction
Soft Credit Check
Unemployment Protection

CreditDonkey® Reviews

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

Terms Apply. SoFi Disclaimers 

SoFi: Pricing information from published website as of 6/9/2020

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 Earnest.

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

Articles on SoFi Student Loans

Articles on CommonBond Student Loans

Which Do You Think is Best?

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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