SACRAMENTO, Calif., Feb. 19, 2019 /PRNewswire-PRWeb/ -- The California Dental Association is pleased to announce CommonBond as a CDA Endorsed Program that offers competitive student loan refinancing as a new member benefit.
Student loan debt is one of the largest financial hurdles a dentist may face. The average educational debt for all indebted graduates in the class of 2018 for public and private dental schools was $251,869 and $326,133, respectively, according to the American Dental Education Association.
CommonBond is a financial technology company that helps students and graduates pay for higher education. The program helps students save money on student debt over time by trading in existing high-interest loans for a single loan with a new interest rate, best-in-class borrower protections and award-winning customer service. Through CDA's partnership, members receive preferred terms for refinancing with CommonBond.
"We are offering this benefit to support our members' financial wellness. CDA is committed to supporting its members' success through every stage of dentistry, including navigating their dental school debt," said Steven Kend, DDS, chair of the CDA Finance Committee, which oversees CDA Endorsed Programs. "Likewise, CDA selected CommonBond as an Endorsed Program for its competitive and exclusive member offer as well as its service-oriented mission of giving back to the community, which is aligned with CDA's mission and core values."
Dentists who are completing residencies or fellowships can refinance once they receive a job offer. Additionally, they can defer payments until they start working.
"By offering student loan refinancing as an Endorsed Program, CDA is empowering its members to take control of their student loans," said Robb Granado, chief operating officer of CommonBond. "We're proud to partner with CDA to offer this benefit and address one of the most significant financial hurdles dentists face. With student loan refinancing, dentists can now focus on building out their practice and helping their patients, rather than focusing on their student debt."
CDA Endorsed Programs is a member benefit that provides savings on a variety of products and services from trusted vendors. Every Endorsed Program has been researched and approved by CDA.
About the California Dental Association
The California Dental Association is the nonprofit organization representing organized dentistry in California. Founded in 1870, CDA is committed to the success of our members in service to their patients and the public. CDA also contributes to the oral health of Californians through various comprehensive programs and advocacy. CDA's membership consists of more than 27,000 dentists, making it the largest constituent of the American Dental Association. For more information, visit cda.org.
About CommonBond
CommonBond is a financial technology company on a mission to give students and graduates more affordable, transparent, and simple ways to pay for higher education. The company offers refinance loans to college graduates, new loans to current students, and a suite of student loan repayment benefits to employees through its CommonBond for Business™ program. By designing a better student loan experience that combines advanced technology with competitive rates and award-winning customer service, CommonBond has funded over $2.5 billion in student loans, partnered with over 300 corporate clients, and currently serves over 100,000 members. CommonBond is also the first and only finance company with a "one-for-one" social mission: for every loan it funds, CommonBond also funds the education of a child in need, through its partnership with Pencils of Promise. For more information, visit http://www.commonbond.co.
DISCLAIMER: Offered terms are subject to change and state law restrictions. Loans are made by CommonBond Lending, LLC (NMLS # 1175900). Neither CDA nor CommonBond are affiliated with the school you attended or are attending. None of the information contained in CDA's or CommonBond's websites constitute a recommendation, solicitation or offer by CDA or CommonBond or their affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.
SOURCE California Dental Association
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