MentorWorks Education Capital vs CommonBond

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

MentorWorks Education Capital is a Education & Reference solution with tags like financing, education, loans, career-training.

It boasts features such as Income share agreement financing, Deferred tuition financing, Short-term working capital financing, Custom financing structures and pros including Provides alternative financing options for skills-based education programs, Allows students to defer tuition until after graduation, Expands access to educational opportunities.

On the other hand, CommonBond is a Business & Commerce product tagged with student-loans, loan-refinancing, personal-finance.

Its standout features include Online student loan refinancing, Competitive interest rates, Flexible repayment terms, Cosigner release option, Unemployment protection, Forbearance options, and it shines with pros like Can potentially lower monthly payments, No application or origination fees, Option to release cosigner after making 12-48 consecutive on-time payments.

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

Product Overview

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.

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.

Key Features Comparison

MentorWorks Education Capital Features

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

CommonBond Features

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

Pros & Cons Analysis

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

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

Pricing Comparison

MentorWorks Education Capital

• Subscription-Based
• Custom Pricing

CommonBond

• Subscription-Based