During summer out of 2011, David Klein got an issue, an issue shared by many MBAs during the HBS: high-rates college loans. During the time, he was entering Wharton’s complete-date MBA system, poised to start a company before graduating. The guy unwittingly occurred up on the pain section, and you can greatest tip, who merely 9 months later on result in him to drop away of college or university.
He along with his co-founders – Michael Taormina and you will Jessup Shean – have because the built a student lending company you to focuses on minimizing the expense of fixed speed figuratively speaking having MBA youngsters within the the newest You.S. The company has already disbursed huge amount of money and you may intends to discharge on HBS that it spring season.
CommonBond is based on a model of “public credit replica observe.” Beginner consumers get access to cheaper, fixed speed finance provided with investors just who secure a competitive economic go back. Continue lendo “Particular have begun discussing CommonBond because “the new Warby Parker out-of student loans,” a moniker CommonBond wears humbly”