The California Dental Association (CDA) announced CommonBond, a CDA endorsed program that offers competitive student loan refinancing as a new member benefit.

CommonBond is a financial technology company that helps students and graduates pay for higher education. According to a press release from the CDA, the 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.”

According to the CDA, dentists who are completing residencies or fellowships can refinance once they receive a job offer. Additionally, they can defer payments until they start working.

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.