What is “Savoring” and How Can it Help You Build Wealth?
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Earnest is an online lender that helps borrowers stand out by taking into account their earning potential and current financial accounts. Earnest is best for those who want more flexible and customizable terms and repayment options.
Easy online-only experience with helpful customer support
Flexibility in customizing monthly payments and payoff date specific to you
Ability to skip or stop payments
You can’t apply with a co-signer
Loans aren’t available in Deleware, Kentucky, and Nevada
Borrowers can’t refinance their Parent Plus Loan
Earnest has an intuitive online platform that makes comparing prices quick and easy. After adding basic information you can check whether it is a good fit for your repayment within minutes.
Earnest doesn’t give you generic payment options with arbitrary terms, instead, they customize payoff dates specific to your financial needs. Their online platform has flexible payment features- with a click of a button, you can choose your preferred payment amount by using their tool on their website depending on what makes the most sense for your budget. Ability to Skip or
In the case that you lose your job or have a serious life problem, Earnest gives you the option to skip or stop repayments. This flexibility allows you to manage your student loans more effectively. However, interest will continue to accrue while your student loans are on pause.
The great thing about Earnest is that they look at factors beyond your credit score. They will look at your investments, savings, and how frugal you are to determine how well you manage your cash flow.
Loan Amounts: Minimum: $5,000 Maximum: $500,000
Loan Qualifications: Federal, Private, and Parent PLUS
Loans Fees or Prepayment Penalties: None
Loan Terms: 180 Loan Terms ranging from 5-20 years
AutoPay Discount": 0.25%
Income Requirements: None Deferment and
Forbearance Options: For borrowers who return to school or run into financial hardships
Easy Rate Check: yes
You can compare the top student loan lenders on Snowball’s Student Loan Lender Marketplace or Snowball can provide you with a personalized plan!
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