Particular have begun dealing with CommonBond as “the fresh new Warby Parker of college loans,” a nickname CommonBond wears humbly
During the summer out of 2011, David Klein got problems, problems mutual by many people MBAs at HBS: high-prices figuratively speaking. At the time, he had been entering Wharton’s complete-go out MBA system, positioned to start a pals just before graduating. The guy unknowingly took place through to the pain part, and best tip, who does just 9 days afterwards lead to him to decrease out out of college.
He and his awesome co-creators – Michael Taormina and online loans in North Carolina you may Jessup Shean – keeps as founded students mortgage lender one centers on lowering the expense of fixed rate figuratively speaking for MBA youngsters in the new U.S. The company has paid huge amount of money and you may intentions to release from the HBS it spring season.
CommonBond is dependant on a style of “societal lending imitation watches.” Student individuals access cheaper, repaired price money provided with people whom earn a competitive economic get back. (more…)