ELFI Student Loans vs Earnest Student Loans

		EarnestSoFi
	Learn More	Learn More
	ELFI Student Loans	Earnest Student Loans
	SPECIAL OFFER Refinance Student Loans - Learn More	OFFER Refinance Student Loans - Learn More
	Benefits and Features
Variable APR	5.28% - 8.99%	5.88% - 9.73% (includes 0.25% autopay discount)
Fixed APR	5.48% - 8.69%	3.94% - 8.98% (includes 0.25% autopay discount)
Maximum Amount	No maximum - depends on your eligibility	$500,000
Minimum Amount	$10,000	$5,000
Loan Term	5, 7, 10, 15, and 20 years	Custom term from 5 to 20 years (180 term options)
State Residency	All 50 states plus Washington D.C. and Puerto Rico	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	Bachelor's or higher from an approved post-secondary institution and program of study	Associates or higher
Income Requirements	$35,000	None
Employment Requirements	Must be employed	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	Yes	No
Can Release a Cosigner	No	Only on existing loans
Auto-Pay Interest Rate Reduction	No	Yes
Soft Credit Check	Yes	Yes
Unemployment Protection	Yes - up to 12 months forbearance	Yes
	Learn More	Learn More
	Refinance Student Loans	Refinance Student Loans
ELFI: Pricing information from published website as of 3/11/2024 Earnest: Pricing information from published website as of 1/8/2025

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