About CommonBond For Business
CommonBond For Business enables employers to provide a suite of student loan benefits to their employees, most notably the ability to contribute to their employees’ student loans (similar to a 401(k) match). CommonBond for Business was born out of the insight that the millennial workforce is increasingly looking to their employers to help them get on the path to financial wellness, and student debt is a large hurdle on that path.
CommonBond For Business includes:
1) Student Loan Evaluation offers customized repayment options and programs to every single employee with student debt, regardless of lender, income, or credit history, to help them best manage that debt.
2) Student Loan Refinancing allows employees to replace their existing loan with a new loan at a lower interest rate, lower monthly payments, or both.
3) Employer Contribution allows employers to contribute to their employees' student loans, helping them pay down their debt faster and gain future savings.