CommonBond vs MentorWorks Education Capital

Struggling to choose between CommonBond and MentorWorks Education Capital? Both products offer unique advantages, making it a tough decision.

CommonBond is a Business & Commerce solution with tags like student-loans, loan-refinancing, personal-finance.

It boasts features such as Online student loan refinancing, Competitive interest rates, Flexible repayment terms, Cosigner release option, Unemployment protection, Forbearance options and pros including Can potentially lower monthly payments, No application or origination fees, Option to release cosigner after making 12-48 consecutive on-time payments.

On the other hand, MentorWorks Education Capital is a Education & Reference product tagged with financing, education, loans, career-training.

Its standout features include Income share agreement financing, Deferred tuition financing, Short-term working capital financing, Custom financing structures, and it shines with pros like Provides alternative financing options for skills-based education programs, Allows students to defer tuition until after graduation, Expands access to educational opportunities.

Feature	CommonBond	MentorWorks Education Capital
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Education & Reference

Product Overview

CommonBond

Description: CommonBond is an online lender that provides student loans and refinancing options. They offer competitive interest rates and flexible loan terms to help borrowers save money.

MentorWorks Education Capital

Description: MentorWorks Education Capital is a fintech company that provides flexible financing and repayment solutions for career accelerators, bootcamps, and other skills-based educational programs.

Key Features Comparison

CommonBond Features

• Online student loan refinancing
• Competitive interest rates
• Flexible repayment terms
• Cosigner release option
• Unemployment protection
• Forbearance options

MentorWorks Education Capital Features

• Income share agreement financing
• Deferred tuition financing
• Short-term working capital financing
• Custom financing structures

Pros & Cons Analysis

CommonBond

Pros

• Can potentially lower monthly payments
• No application or origination fees
• Option to release cosigner after making 12-48 consecutive on-time payments

Cons

• Must meet eligibility requirements for refinancing
• No federal student loan benefits like income-driven repayment plans

MentorWorks Education Capital

Pros

• Provides alternative financing options for skills-based education programs
• Allows students to defer tuition until after graduation
• Expands access to educational opportunities

Cons

• Students take on debt and repayment risk
• Less flexible than traditional student loans
• Limited to certain types of educational programs

Pricing Comparison

CommonBond

• Subscription-Based

MentorWorks Education Capital

• Subscription-Based
• Custom Pricing