Fifth Third and CommonBond Help Enable Students and Families to Finance College
June 21 2019 - 10:36AM
Business Wire
Fifth Third Customers Now Have an Innovative
Way to Pay for College Through Partnership with CommonBond
It’s that time of year when college students and their families
are looking at ways to help pay for school, and Fifth Third Bank
has a solution. Through CommonBond, a leading financial technology
company, Fifth Third Bank is offering its customers a new way to
finance their education and save money on college loans.
Fifth Third has worked with CommonBond during the past year to
offer its customers refinancing options for student loans. As the
cost of college continues to grow, Fifth Third customers can fund
higher education through CommonBond’s competitive rates, simple
application, and award-winning customer care. While Fifth Third
itself doesn’t finance college loans, it now will send customers to
CommonBond to help finance college.
“Private student loans can play an important role in enabling
access to higher education,” said Tom Bohache, head of education
finance for Fifth Third Bancorp. “Fifth Third is proud to offer our
customers an industry-leading product and experience with
CommonBond.”
CommonBond finances and refinances student loans, and works with
businesses to help their employees pay off student loans.
"We’re excited to continue our work with Fifth Third Bank and
help Fifth Third families pay for college,” said Pete Wylie, VP of
student lending at CommonBond. "CommonBond college loans offer more
than just money. Borrowers get customer-friendly terms,
personalized financial guidance, and can see their loan make a
positive social impact through CommonBond’s Social Promise.”
For more information about private financing for student loans,
visit 53.com/commonbond.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the parent company of Fifth
Third Bank, an Ohio-chartered bank. As of March 31, 2019, Fifth
Third had $168 billion in assets and operated 1,207 full-service
banking centers and 2,559 ATMs with Fifth Third branding in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. In total, Fifth Third
provides its customers with access to approximately 52,000 fee-free
ATMs across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending
and Wealth & Asset Management. Fifth Third is among the largest
money managers in the Midwest and, as of March 31, 2019, had $394
billion in assets under care, of which it managed $44 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory businesses. Investor
information and press releases can be viewed at
www.53.com. Fifth Third’s common stock is traded on
the Nasdaq® Global Select Market under the symbol “FITB.” Fifth
Third Bank was established in 1858. Deposit and Credit products are
offered by Fifth Third Bank. Member FDIC.
About CommonBond
CommonBond is a financial technology company on a mission to
give students and graduates more affordable, transparent, and
simple ways to pay for higher education. The company offers new
loans to current students, refinance loans to college graduates,
and a suite of student loan repayment benefits to employees through
its CommonBond for Business™ program. By designing a better student
loan experience that combines advanced technology with competitive
rates and award-winning customer service, CommonBond has funded
$2.5 billion in loans for its tens of thousands of members.
CommonBond is also the first and only finance company with a
"one-for-one" social mission: for every loan it funds, CommonBond
also funds the education of a child in need, through its
partnership with Pencils of Promise. For more information, visit
www.commonbond.co.
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version on businesswire.com: https://www.businesswire.com/news/home/20190621005315/en/
Laura Trujillo (Media Relations) laura.trujillo@53.com |
513-534-4361
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345
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