Taking Aim At Student Debt With a Social Conscience

Posted by Maggie Gallagher on Thu, Jun 01, 2017 @ 02:42 AM

Making student finances more affordable and easier to manage in a sea of “loan sharks” is no easy task, but Stevie Award-winner CommonBond does it sucessfully. CommonBond is a reimagined student loan experience offering low interest rates with great customer service. Their customer satisfaction rates have been overtly positive, which is one of the many reasons why they received $1 billion in funding this year. Learn more about CommonBond to see how they won customer service awards in the 2017 Stevie Awards for Sales & Customer Service.

Crunching Numbers That Don’t Crunch Students

commonbond.jpgOver 40 million Americans are affected by student loan debt. On average, CommonBond members save $24,046 by refinancing their student loans. They also cover MBA student loans, and recently launched student loan benefits for today’s workforce – giving their partners the resources to stand apart from the competition, and giving their employees the tools to achieve financial wellness.

Senior Communications Manager Bethany Hill gave us the CommonBond perspective, “We’re creators, movers, shakers, numbers geeks, and finance freaks. We’re people just like you, who were frustrated by the high rates and poor service that came with our student loans. We knew there had to be a better way. So we created one.”

More Than Just Student Loans

CommonBond helps their community gain access to complimentary tickets to CommonBond-sponsored events, dinners, panel discussions with entrepreneurs and other companies. This is most apparent in their industry-first program called “CommonBridge.” It’s a service that matches members in between jobs with a consulting opportunity at CommonBond, making it easier to earn money, gain experience and spend a little more time on the job hunt.

A Social Promise

CommonBond has been committed to giving since they funded their very first loan – and it's still a driving force behind everything they do. Here's how their “Social Promise” program works:

  • 1-for-1: For every loan funded, they also fund the education of a child in need.
  • Education for all: Loans give kids unprecedented access to schools, teachers, and technology
  • Pencils of Promise: Ensures that funds go to those who need them most

CommonBond is constantly finding ways to fill a void in the student lending space. David Klein, Co-Founder and CEO believes their success is best explained by what they’re always taking aim at.

“We strongly believe that business can - and should - be a positive force for change”

Topics: customer service awards, stevie awards for sales and customer service, Customer Service, top customer service