You can take advantage of the Auto Pay interest rate reduction by setting up and maintaining active and automatic ACH withdrawal of your loan payment. The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay. Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction.
For multi-party loans, only one party may enroll in Auto Pay. Nine-month grace period is not available for borrowers who choose our Principal and Interest Repayment plan while in school. Earnest clients may skip one payment every 12 months. Your first request to skip a payment can be made once you've made at least 6 months of consecutive on-time payments, and your loan is in good standing.
For multi-party loans, only one party may enroll in Auto Pay. Nine-month grace period is not available for borrowers who choose our Principal and Interest Repayment plan while in school. Earnest clients may skip one payment every 12 months. Your first request to skip a payment can be made once you've made at least 6 months of consecutive on-time payments, and your loan is in good standing.
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Like most people, we have seen friends and family struggle to pay for college. It became clear that in order to change the system, we needed to build something new. We launched Earnest to give every responsible borrower the chance to go to college and pay off their student loans. Our student loans are created with simplicity in mind.
Customer service is a 10/10. Best interest rates around. All together great experience and I'll be out of student debt five years faster with Earnest! I have other loans with SoFi and Laurel Road, and I can say that hands down, Earnest is the best! You deserve to be rewarded for good financial decisions.
What federal loan alternatives should I consider before applying for a private student loan? Before applying for private student loans, it's best to look at other sources of financial aid first. 1 Look for educational funding you don't have to pay back, like scholarships, grants, and work-study opportunities.
Get set for college. Pick your payment, get more time to pay, and talk to someone on our team if you need help. A low interest rate could add up to a mountain of savings. That's why Earnest looks at more than your credit score, to give you the best rate possible. Before applying for private student loans with Earnest, make sure you've completed this pre-application checklist.
Take your education to the next level, get a low interest rate and flexible repayment options. Check your eligibility in 2 minutes. Before applying for private student loans with Earnest, use this easy pre-application checklist to make sure you're prepared. I've factored in contributions from my family, such as 529 plans (aka money already designated for your education).
Reviews (10)
Ganzfried Family
Feb 01, 2021
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I wish there was lower than a 1 star rating. This company uses bait and switch with their rates. During the application process I was told that I qualified for their lowest rate. They kept asking for more information, even information I had already provided. 3 times (on my original response to their offer and twice when I called in) I was told I qualified for their best rate. Then, when the offer came it was at a much higher rate. I can only imagine that they were trying to get me to sign off without looking. I try to not work with companies who lack integrity and certainly don't plan to work with
Aaron Philips
Jan 16, 2021
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Choose wisely. I was able to get a lower rate than my previous federal student loan. However, Earnest's customer service is essentially non-existent. Also, Earnest's app on the App Store has not worked at all for several months now. For a company that supposedly touts its embracing of technology, I have no idea how their app being unusable for several months is acceptable. Read the reviews on the App Store.
Bryant Forster
Jan 13, 2021
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DO NOT, I REPEAT, DO NOT go with this company. Feels like an absolute scam. After applying and being approved for a loan I ended up wanting to increase the loan amount. They wont do it you have to reapply. The company rep told my cosigner not to submit tax returns but to submit an income stub which then disqualified us by not showing enough income only to have the underwriter say if we had used the tax returns we would have been approved. instead of transporting them over from the old loan I'm told I can reapply AGAIN. not only that but shortly after being denied Im told i meet their qualifications
Tc Fl
Nov 17, 2020
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Be careful about applying for a student refi or any of that sort if you are enrolled or taking any type of classes. Their policy is that they will decline your application for that sole reason.
As a masters graduate working full time for a Fortune 100, I had signed up for graduate certificate (HBS) for career enrichment. For whatever reason, they see this as you "being in school" even though clearly I already have graduated with multiple degrees and have been employed full time for multiple years. Even with enrollment not being degree seeking, they take a hard stance on this. If you want to continue
As a masters graduate working full time for a Fortune 100, I had signed up for graduate certificate (HBS) for career enrichment. For whatever reason, they see this as you "being in school" even though clearly I already have graduated with multiple degrees and have been employed full time for multiple years. Even with enrollment not being degree seeking, they take a hard stance on this. If you want to continue
Sean Markley
Sep 11, 2019
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Ryan P.
Jun 09, 2018
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Disappointing. They got bought by Navient and went downhill. Used to be great all around. Now, new rules are coming out. You used to be able to login and change your autopay date, or make biweekly payments. Now, they say you can only choose autopay from 3rd to 22nd of the month. And they say this is for the benefit of us? How? I used to recommend Earnest, now I'd say check soFi, and believe it or not, Citizens Bank has good rates, though they are owned by nelnet. It's getting harder and harder to find student loan servicers who are reasonable. Earnest has unfortnuately taken a turn for the worse
Phil
Nov 27, 2017
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I refinanced a student loan with Earnest and it's been a good experience. They were able to offer a lower interest rate, shorter payment term, and comparable payment terms to my previous student loan. Their customer service team have done a good job of handling any concerns I have when I chat online or call in.
Leigh Schmahl
Jan 12, 2017
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This company advertises that they do a merit-based review process when you are applying for a loan, but in the end they are just like every other finance company. The only thing they really look at is your credit and they will put one thing in their reasoning of denial, but then when you have them do a reconsideration because they didn't look over your information you attached to the application all of a sudden they add a couple more reasons for denial and all those reasons because of your credit report. It doesn't look like they considered any other of my information on my application because
Jr Boulding
Aug 05, 2016
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Do not waste your time and risk your credit score with this company. Once you complete the application online, they bait you with a reasonable interest rate after you give them permission to do a soft inquiry on your credit report only to keep you moving forward with the process. After I gave permission for them to run my credit report and do a "soft inquiry" they offered me a 5.33% fixed interest rate. I called to confirm after seeing this and the lady told me as long as the credit report matches the documentation (which it did) that interest rate should be very accurate. I moved forward and gave
Greg K.-F.
Jun 25, 2016
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I have been using them for the past six months. The initial application and approval process is pretty painless. They appear to lack knowledge on the basics of student loans. My wife and i had consolidated a few years ago and they struggled to understand what a consolidated loan was or how to handle it. In the end they approved the loan. there rates are competitive which is why we choose them.
Basic website functioning is a problem. I have had numerous lock outs, which do not occur when paying my other bills (in other words I know how to pay bills online). I really think they want you to refinance
Basic website functioning is a problem. I have had numerous lock outs, which do not occur when paying my other bills (in other words I know how to pay bills online). I really think they want you to refinance
