SoFi vs CommonBond: The Showdown

Michael Lux Blog, Consolidation, Lower Payments, Student Loans 2 Comments

Article updated 7/3/19 to include the latest interest rate and new customer bonus information. Two of the top names in student loan refinancing and consolidation are SoFi (aka Social Finance) and CommonBond.  These two companies are both relatively new, and were created for the purpose of consolidating student loans.  SoFi …

When should I refinance my Student Loans?

Michael Lux Blog, Consolidation, Lower Payments, Student Loans 2 Comments

Refinancing your student loans can lower your interest rates, your monthly payments, and get your loans paid off faster.  Often people are surprised to learn that they can get significantly lower interest rates by consolidating or refinancing their loans.  This fact should not be too much of a shock.  A loan …