The average cost for a Wharton MBA program is nearly $100,000 a year. Unfortunately, this astronomical figure is enough to keep some potential students from reaching their full potential. A Masters of Business Administration (MBA) can exponentially increase a students earning potential and this prestigious degree from a reputable institution of higher learning such as the Wharton University of Pennsylvania can pay for itself within a few years of graduating.
The federal government’s student loan program allows for many reliable candidates to fall through the cracks. Those that do go on to get financing may find themselves drowning in debt after they graduate as the government begins to hound them to repay the loan. Fortunately, the CommonBond company has realized that there is a serious issue with intelligent people trying to get the monies they need to pay for their education. This is why they have made Wharton student loan refinancing available.
How it Works
Common bond has built a network of alumni who want nothing more than to see Wharton University succeed. In order for the University to succeed, it has to have students. Therefore, the alumni are willing to invest money that allows aspiring students to get the education they need or even refinance their student loans at a lower interest rate. When you take out a student loan, you have what is known as the principal. This is the amount that you can pay and avoid any further interest charges. Unfortunately, this amount may be six figures which is far more than most new graduates can afford. Common bond connects new students and recent graduates to the network of alumni which pay the principal off and provide the student with a lower interest rate, saving them thousands or even tens of thousands of dollars depending on how much they owe and the interest rate.
CommonBond realizes that a graduate with an MBA has much more earning potential and therefore they are much more likely to repay the loan. The alumni get to see the university succeed and even make a return on their investment from the interest. Common bond began working with Wharton University in 2012 and they have already helped many students achieve their MBA and refinance their student loans.
Who is Eligible for CommonBond Wharton Student Loan Refinancing
To qualify for a Wharton student loan or student loan refinancing, you must be a United States citizen or permanent resident. You must also attend one of the schools within their network, which include ivy league universities such as Yale and even Harvard. Other factors are considered such as credit history and credit score and there is no need for a cosigner. If you do not initially qualify due to credit problems, you are allowed to reapply with a cosigner. Common bond refinancing utilizes a fixed interest rate so determining exactly how much one will have to repay it is a matter of fact rather than a matter of guessing. You no longer allow your finances or a lack thereof to prevent you from pursuing your higher education and achieving your full potential. Contact common bond at https://commonbond.co/ and begin your future today.
About the author: This article was written by Wharton MBA graduate, Susan B. Tantlae.