CommonBond was founded in November 2012 by David Klein, Michael Taormina, and Jessup Shean. CommonBond is a marketplace lender that refinances graduate and undergraduate student loans for university graduates. CommonBond also provides in-school loans to MBA students at 20 programs in the United States. In March 2014, CommonBond expanded its student loan refinancing and consolidation programs to graduates of law, medical, and engineering programs across the US. In September 2015, CommonBond introduced a new Parent PLUS loan refinancing program, whereby parents who borrowed federal Parent PLUS loans to finance their children’s undergraduate education can refinance those loans through CommonBond. It also announced a partnership with Prodigy Finance, an international post-graduate student lender, in July 2015. The partnership allows international post-graduate students to secure funding for their business school education in the US through Prodigy Finance, which determines the terms and conditions of the student loans.