Earnest Student Loan Refinance Review [2024]

When it comes to student loan refinancing, finding a lender that offers competitive rates, flexible terms, and exceptional customer service is crucial. In our 2024 review, Earnest has once again proven to be a top contender, earning an A+ rating for its refinancing services. Let’s delve into what makes Earnest stand out in the crowded field of student loan refinancing.

Overview of Earnest Student Loan

Earnest is a financial technology company that specializes in student loan refinancing and personal loans. Since its inception, Earnest has been dedicated to helping borrowers manage their student loan debt more effectively through personalized rates and flexible payment options.

Key Features

  1. Competitive Interest Rates: Earnest offers some of the lowest interest rates in the industry. Depending on your credit profile, you can secure fixed rates starting as low as 2.99% and variable rates starting at 1.99% APR.
  2. Customizable Terms: Unlike many other lenders, Earnest allows you to choose your repayment term down to the exact month, ranging from 5 to 20 years. This flexibility helps you tailor your loan to fit your financial goals.
  3. No Fees: Earnest does not charge any origination, prepayment, or late fees. This transparency can save you money over the life of your loan.
  4. Skip a Payment Feature: Once every 12 months, Earnest allows you to skip a payment without penalty. This can be a lifesaver if you encounter unexpected financial difficulties.
  5. Customer Service: Earnest is known for its exceptional customer service. Their team is available to answer questions and provide guidance throughout the refinancing process.

The Refinancing Process

Refinancing with Earnest is straightforward and user-friendly. Here’s a step-by-step overview of what you can expect:

  1. Check Your Rate: By visiting the Earnest website ↱, you can check your personalized rate in just a few minutes without affecting your credit score.
  2. Submit Your Application: If you like the rate you see, you can complete the full application online. You’ll need to provide information about your current loans, income, and employment.
  3. Approval and Offer: Once your application is reviewed, Earnest will present you with a final offer. If you accept, they’ll pay off your existing loans and issue you a new, consolidated loan.
  4. Manage Your Loan: You can manage your loan through Earnest’s user-friendly online portal, making payments and adjusting your repayment plan as needed.

Pros and Cons


  • Low Interest Rates: Earnest offers highly competitive rates.
  • Flexible Terms: Customizable repayment terms tailored to your needs.
  • No Fees: No hidden fees, making the loan more affordable.
  • Customer Service: High-quality, responsive customer support.


  • Credit Requirements: You need a strong credit profile to qualify for the best rates.
  • Employment Requirement: You must be employed or have a job offer to refinance with Earnest.


Earnest continues to be a leading choice for student loan refinancing in 2024, earning an A+ rating for its competitive rates, flexible terms, and excellent customer service. If you’re considering refinancing your student loans, Earnest is certainly worth a look.

For more information or to check your rate, visit Earnest’s official website ↱.

Interested in learning more about managing student loan debt? Check out our other articles on student loan consolidation, tips for paying off student loans faster, and understanding student loan forgiveness programs.