02/19/2019

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


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, according to the American Dental Education Association.

CommonBond is a financial technology company that helps students and graduates pay for higher education. The company’s 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.

For more information, visit cda.org/endorsedprograms.

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.;



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