Last Updated: 04/18/2025
Earnest Student Loan Refinancing
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Last Updated: 04/18/2025
SuperMoney User Recommendation Score -44
Mostly not recommended18 total votes
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Highlights
Community Rating
Mostly not recommended
Fixed APR
5.19% - 9.99%
Variable APR
5.72% - 9.99%
Amount Range
$5,000 - $500,000
Loan Term (Years)
5 - 20
Number of Reviews
Earnest Student Loan Refinancing Review
Earnest Student Loan Refinancing is a student loan refinance offering by Earnest Operations LLC . Founded in 2013, Earnest Operations LLC offers student loan refinancing in 47 states and Washington, DC.
Earnest Student Loan Refinancing FAQ
What APRs does Earnest Student Loan Refinancing offer on its student refinancing loans?
The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. Loans with fixed rates will typically have higher APRs than loans with a variable rate.
Earnest Student Loan Refinancing offers variable rate APRs that range from 5.72% to 9.99%.Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 5.19% to 9.99% APR.
How much can you borrow via Earnest Student Loan Refinancing?
Loan amounts start at $5,000 and go up to $500,000
Does Earnest Student Loan Refinancing charge an origination fee?
No, Earnest Student Loan Refinancing does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Earnest Student Loan Refinancing charge prepayment fees?
No, Earnest Student Loan Refinancing does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
What terms does Earnest Student Loan Refinancing offer?
Earnest Student Loan Refinancing provides refinancing loans of 5 to 20 years.
It also offers borrowers unemployment protection. This means that if you lose your job through no fault of your own your loan payments may qualify for a temporary hold.
What type of borrowers will Earnest Student Loan Refinancing consider?
Earnest Student Loan Refinancing considers loans applications from:
What do you need to qualify for Earnest Student Loan Refinancing?
Applicants with a credit score of at least 650 and up to 850 may be eligible for Earnest Student Loan Refinancing. Earnest Student Loan Refinancing does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Earnest Student Loan Refinancing. Not all companies will work with visa holders. Earnest Operations LLC does offer its services to temporary resident visa holders such as F1 or H1B holders.
To qualify, applicants may need to provide the following documentation:
- Proof of identity
- Proof of citizenship or residence permit
What is the estimated funding time for a student loan refinance via Earnest Student Loan Refinancing?
Earnest Student Loan Refinancing will typically fund loans within 7 and 14 days of approval.
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Message from our editor
What We Love About Earnest
Earnest makes it fast and convenient to apply for a loan from the comfort of your home. Earnest provides flexibility if you encounter financial hardship. Deferment, forbearance, and a skip payment option are available. We like the Precision Pricing tool that allows you to determine your monthly payment and adjusts the loan term to match. Finally, Earnest looks at more than your credit score and income to qualify applicants. This can be a pro or a con depending on your situation, but if you have been financially responsible, this rewards your efforts.
WhatCould Earnest Do Better?
If you don’t have a solid credit score (660 or above), keep looking for other options to refinance your student loans. If you have a bankruptcy or a recent collection account, you will be disqualified as well. Earnest does not allow co-signers, so applicants must stand on their own credit merits. Earnest is not available in all states, and only U.S. citizens or permanent residents are eligible. As a student, you cannot be enrolled more than half-time, or you must be finishing your degree by the end of the semester to qualify.
Earnest Student Loan Refinancing Backstory
Earnest Operations LLC was founded in 2013 and is the parent organization for Earnest Student Loan Refinancing. As an online lender, they utilize technology to analyze a full picture of applicants that goes beyond income and credit score. In addition to Student Loan Refinancing, they offer personal loans and parent PLUS refinancing.
The Verdict
If you are struggling to make ends meet or have less than ideal credit and income, Earnest Student Loan Refinancing is not for you. Individuals who have been fiscally responsible and maintained their credit standing could find refinance options with Earnest that may save them money and provide flexibility when unforeseen things arise.