SoFi Student Loans vs Earnest Student Loans
 | ||
| Learn More | Learn More | |
SoFi Student Loans | Earnest Student Loans | |
|---|---|---|
Refinance Student Loans - | Refinance Student Loans - | |
Benefits and Features | ||
| Variable APR | 5.74% - 9.99% APR (with AutoPay) | 5.89% - 9.74% (includes 0.25% autopay discount) |
| Fixed APR | 4.99% - 9.99% APR (with AutoPay) | 4.29% - 9.74% (includes 0.25% autopay discount) |
| Maximum Amount | ||
| Minimum Amount | $5,000 (may be higher depending on state) | |
| 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 to start within 90 days | Must be employed or have an offer for a position to start within 6 months |
| 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. | ||
SoFi: Pricing information from published website as of 5/9/2023 Earnest: Pricing information from published website as of 12/18/2024 | ||
