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Earnest Student Loan Refinancing Review

Editorial note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved, or otherwise endorsed by the financial institution.

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

What we like about Earnest

Easy Online-only Experience

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.

Flexibility in Customizing Monthly Payments

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

Stop Repayments

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.

How to Qualify

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.


Details and Offers


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

Servicer: In-House

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!

Advertiser Disclosure: At Snowball, we are committed to being honest and transparent. We will not allow advertisers to influence our opinion of offers that appear on our site. We do receive compensation from some partners whose offers appear here. It is this compensation which enables us to provide you with free services. We also may not cover all offers in the market. We are firm believers that if we wouldn’t recommend an offer to a close friend or family, we wouldn’t recommend it on Snowball either.

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