CommonBond Student Loans

Student Loan Refinancing for Dentists

CommonBondStudent 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.1 As a CDA Endorsed Program, CommonBond offers a student loan refinancing program to help dentists navigate debt.

This program helps you save money on student debt over time by trading in existing high-interest loans for a single new loan at a lower interest rate. Choose to lower your monthly payment or pay off your student debt faster. In addition, dentists who are completing residencies or fellowships can refinance as soon as they receive an offer letter and keep loan payments on hold until they start working.

Program benefits for CDA members:

  • 0.25% discount on your interest rate2
  • $500 cash bonus when you refinance3
  • No origination or application fees
  • No prepayment penalties

Refinancing your loans also helps fund the education of a child in the developing world through CommonBond’s 1-to-1 social promise.

It’s easy to get started. Visit cbpartner.co/cda to see your rate in minutes.

For assistance, call 800.975.7812 or email cda@commonbond.co.

 


1 https://www.adea.org/GoDental/Money_Matters/Educational_Debt.aspx

2 0.25% discount will be reflected on the final truth-in-lending disclosure. Lending decisions are not impacted in any way by participation in this offer. Offer is non-transferable. No substitutions. Limit one offer per loan.

3 $500 to be credited to your PayPal account or check to be mailed to the postal address in your loan application within 6 weeks of loan funding. Lending decisions are not impacted in any way by participation in this offer. Offer is non-transferable. No substitutions. Limit one offer per loan.

News for New Dentists
Foundation accepting applications for Student Loan Repayment Grant

05/24/2019
Recent dental school graduates and students who will soon graduate from dental school can apply now through July 31 for the CDA Foundation’s 2019 Student Loan Repayment Grant. Awarded annually, the grant provides up to $35,000 per year for a maximum of $105,000 in exchange for the recipient’s three-year commitment to care for the underserved. The application period closes at 11: 59 p.m., Wednesday, July 31.

 

Prop. 56 dentists loan repayment program opens April 1, awards up to $300K

03/19/2019
A new loan repayment program is available for dentists and physicians who provide direct patient care to Medi-Cal beneficiaries. Eligible dentists may apply through Physicians for a Healthy California to receive up to $300,000 to apply toward their student loans in exchange for a five-year service obligation as a Medi-Cal provider.

 

New CDA Endorsed Program can help dentists save thousands on student loan debt

02/19/2019
CDA 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 U.S. public and private dental schools was $251,869 and $326,133, respectively.

 

Maximize all of your membership benefits

01/31/2019
Whether you’re new to the California Dental Association or a lifetime member, you likely already have a favorite benefit. But you may not be familiar with all of the perks that your CDA membership has to offer. This year, maximize the programs, services and expertise available to you through organized dentistry.

 

Loan repayment grant recipient’s life experiences define passion to serve

12/18/2018
The CDA Foundation has named Andrea Ustarez, DDS, the recipient of its 2018 Student Loan Repayment Grant. Awarded annually to a recent dental school graduate, the grant assists with repayment of education loans in exchange for the recipient’s commitment to care for the underserved. Dr. Ustarez will receive up to $105,000 over three years to put toward repayment of her student loans while she realizes her goal of working in public health.

 

Practice Support Resources
Loan Repayment Programs

Loan repayment programs exist to support those interested in pursuing a career in dentistry. Many of these programs have been created specifically to increase access to care for underserved populations. Click on the links below to learn what’s available to you.

CDA Foundation
Dental Board of California
CA Office of Health Planning & Development
CalHealthCares
U.S. Department of Health & Human Services
US Department of Veterans Affairs (GI bill)
Indian Health Services