According to Make Lemonade, there are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. The average student in the Class of 2016 has $37,172 in student loan debt. Texas ranks as one of the top three highest states for total student loan debt outstanding among resident borrowers. Seventy percent of college graduates currently hold diplomas that came with confusing, expensive loans that will take decades to pay off. That’s why TCEA has partnered with CommonBond, a leading student lender, to bring student loan benefits to our members.
Through refinancing, CommonBond takes costly student loans, whether they are federal or private, and replaces them with a smarter, single loan at a lower interest rate. This allows our members to save money each month or pay off their student debt faster. There is no fee to refinance your student loans with this program.
Aside from great savings, CommonBond is known for its award-winning customer service and quick and easy application process. The company was named a TIME 2018 Genius Company for offering smarter student loans and for their “commitment to social equality.” It has also been ranked #1 Most Innovative Company in Education by Fast Company for turning student debt relief into a corporate benefit. When you refinance with CommonBond, they cover the cost of a child’s education in the developing world. Their partnership with Pencils of Promise has provided schools, teachers, and technology to thousands (and counting!) of young students in Ghana.
To Get Started Refinancing Your Student Loan
With countless repayment options and numerous forgiveness opportunities, the current student loan landscape can appear daunting. CommonBond is here to help. Simply visit cbpartner.co/tcea to get started or reach out to their Care Team at 800-975-7812 or [email protected].
TCEA Member Bonus
In addition to this benefit being absolutely free, all TCEA members, family, and friends will receive a $200 cash bonus when they refinance with CommonBond through cbpartner.co/tcea. This bonus can either be used to celebrate (!) or to pay down the debt even faster; it’s your choice. As always, with TCEA, you’ve got this!