Earnest Student Loans
Refinance Student Loans
Compare Promotions
Highlights
Variable APR
5.74% - 9.74% (includes 0.25% autopay discount)
5.74% - 9.74% (includes 0.25% autopay discount)
Fixed APR
3.99% - 9.74% (includes 0.25% autopay discount)
3.99% - 9.74% (includes 0.25% autopay discount)
Minimum Amount
$5,000
$5,000
Compare: Earnest vs SoFi
Maximum Amount
$500,000
$500,000
Loan Term
Custom term from 5 to 20 years (180 term options)
Custom term from 5 to 20 years (180 term options)
State Residency
Most states with the exception of: DE, KY, and NV and no variable rate loans to residents of: AK, IL, MN, NH, OH, TN and TX
Most states with the exception of: DE, KY, and NV and no variable rate loans to residents of: AK, IL, MN, NH, OH, TN and TX
Degree Requirements
Associates or higher
Associates or higher
Income Requirements
None
None
Employment Requirements
Must be employed or have an offer for a position to start within 6 months
Must be employed or have an offer for a position to start within 6 months
Interest Only Payments
No
No
Origination Fees
None
None
Prepayment Penalty
None
None
Can Use a Cosigner
No
No
Can Release a Cosigner
Only on existing loans
Only on existing loans
Auto-Pay Interest Rate Reduction
Yes
Yes
Soft Credit Check
Yes
Yes
Unemployment Protection
Yes
Yes
Pricing information from published website as of 10/6/2024
 | ||
| Learn More | Learn More | |
Earnest Student Loans | SoFi Student Loans | |
|---|---|---|
Benefits and Features | ||
| Variable APR | 5.74% - 9.74% (includes 0.25% autopay discount) | 5.74% - 9.99% APR (with AutoPay) |
| Fixed APR | 3.99% - 9.74% (includes 0.25% autopay discount) | 4.99% - 9.99% APR (with AutoPay) |
| Minimum Amount | $5,000 (may be higher depending on state) | |
| Maximum Amount | ||
| Loan Term | Custom term from 5 to 20 years (180 term options) | |
| State Residency | Most states with the exception of: DE, KY, and NV and no variable rate loans to residents of: AK, IL, MN, NH, OH, TN and TX | |
| Degree Requirements | ||
| Income Requirements | ||
| Employment Requirements | Must be employed or have an offer for a position to start within 6 months | Must be employed or have an offer to start within 90 days |
| Interest Only Payments | ||
| Origination Fees | ||
| Prepayment Penalty | ||
| Can Use a Cosigner | ||
| Can Release a Cosigner | ||
| Auto-Pay Interest Rate Reduction | ||
| Soft Credit Check | ||
| Unemployment Protection | ||
| Learn More | Learn More | |
| Terms Apply. | ||
Earnest: Pricing information from published website as of 10/6/2024 SoFi: Pricing information from published website as of 5/9/2023 | ||
Earnest Alternatives
Recent Mentions
LendKey Review
Saving thousands of dollars on your student loans sounds perfect, and that's just what LendKey promises. Is it the real deal, though?
10 Grants to Pay Off Student Loans
It's possible to pay down student loans without money from your own pocket. Graduates in certain fields have free money waiting for them. You just have to know where to look.
