Earnest Student Loan Refinancing

New-fashioned loans for the next generation

Earnest is a technology company using cutting-edge data science, smarter design, and software automation to rebuild financial services. With a mission to empower people with the financial capital they need to live better lives, Earnest's lending products are built for a new generation seeking to reach life's milestones. The company uses data and technology to understand every applicant's unique financial story and offer the lowest possible rates.

Variable rates starting at 5.88% APR (including 0.25% Auto Pay discount)^*
Fixed rates starting at 4.25% APR (including 0.25% Auto Pay discount)^*
Choose your own monthly payment
No fees of any kind and exceptional customer service for the life of your loan
Check your rates in under 2 minutes

Lower Rates Through Better Data: Our data-driven application process gives extra credit for financial responsibility. Unlike other lenders, we look
beyond income and credit score to assess a borrower’s full potential and offer lower rates.

Flexible Terms With Precision Pricing: Earnest is the only lender to offer Precision Pricing, allowing clients to customize their payments to their own
budget rather than predetermined 5, 10, 15, or 20-year terms. Clients also can switch between fixed and variable rates, and prepay with no penalty.

In-House, Lifetime Service: Earnest makes managing loans easy and straightforward. Unlike other lenders, we will never pass clients off to third- party loan servicers. Instead, our clients have access to our on-site customer support team and self-serve dashboards for the life of their loan.

Hardship Assistance and No Fees: Earnest has no prepayment, origination, or disbursement fees. We forgive loans in all cases of death or total and permanent disability. You can also request loan deferment and forbearance in cases of unemployment, illness, and financial or other hardship.

Two Minute Rate Check: Clients can get a rate estimate on our site in under 2 minutes, which won't affect their credit score or put them under
any obligation.

Disclaimers

To qualify, you must be a U.S. Citizen, possess a Permanent Resident Card (10-year non-conditional or 2-year conditional), be a Deferred Action for Childhood Arrivals (DACA) Recipient, be an Asylee, or hold an H-1B visa with a U.S. Citizen cosigner, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.

Actual rate will vary based on your financial profile. Fixed annual percentage rates (APR) range from 4.50% APR to 10.74% APR (4.25% - 10.49% with .25% auto pay discount). Variable annual percentage rates (APR) range from 6.13% APR to 10.74% APR (5.88% - 10.49% with .25% auto pay discount). Earnest variable interest rate student loan refinance loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once a month, but there is no limit on the amount that the rate could increase at one time. Please note, we are not able to offer variable rate loans in AK, IL, MN, NH, OH, TN, and TX. Our lowest rates are only available for our most credit qualified borrowers and require selection of our shortest term offered (5 years) and enrollment in our .25% auto pay discount from a checking or savings account. Enrolling in autopay is not required as a condition for approval.

^*Auto Pay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance. Not all borrowers will qualify for our lowest rates, and your rate will be based on creditworthiness at time of application.

Earnest Loan Cost Example: These examples provide estimates based on payments beginning immediately upon loan disbursement. Variable annual percentage rate ("APR"): A $10,000 loan with a 20-year term (240 monthly payments of $101.46) and a 10.74% APR would result in a total estimated payment amount of $24,350.40. For a variable loan, after your starting rate is set, your rate will then vary with the market. Fixed APR: A $10,000 loan with a 20-year term (240 monthly payments of $101.46) and a 10.74% APR would result in a total estimated payment amount of $24,350.40. Your actual repayment terms may vary.

The information provided on this page is updated as of 07/08/2025. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.

Earnest Loans are made by Earnest Operations LLC. Earnest Operations LLC, NMLS #1204917. 300 Frank H. Ogawa Plaza, Suite 340, Oakland 94612. California Financing Law License 6054788. Visit www.earnest.com/licenses for a full list of licensed states. For California residents: Loans will be arranged or made pursuant to a California Financing Law License.

Earnest loans are serviced by Earnest Operations LLC with support from Higher Education Loan Authority of the State of Missouri (MOHELA) (NMLS# 1442770). Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by agencies of the United States of America.

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