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Earnest Private Student Loans: Now Available for Students with Past Due Tuition Balances

Come build the future of education financing.

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We all miss payments sometimes. However, when a student has an outstanding balance for their tuition, it can really throw a wrench in their education. Depending on the school, students might not be able to enroll in another semester if they have a past due balance.

The data supports that students who leave college without a degree have the hardest time repaying their loans. That’s why we are now offering student loans for students with past due balances up to 365 days on their tuition, allowing students to get back in class and finish their degree.

We are also proud to announce lower rates, with our best rates starting from 0.99% (includes Auto Pay Discount) Annual Percentage Rate (you can see our current student loan rates here).

Benefits of Earnest Private Student Loans:

  • No fees1 at all – 0% Application Fee, 0% Origination Fee, 0% Forbearance Fee, 0% Guarantee Fee, 0% Late Fee, $0 prepayment fees or penalties
  • Fast application and approval process
  • 9-month grace period (3 months longer than most lenders)
  • 0.25% Auto Pay Discount2 (which the student never loses)
  • Covers up to 100% of a school’s certified cost of attendance
  • Skip-a-payment3 once a year, every year in repayment
  • Can cover past-due balances up to 365 days prior
  • Expert support from our Client Happiness team

No matter which stage of education your students are in, Earnest Private Student Loans can help them hit campus with confidence—and more manageable debt. To learn more, visit

Add us to your ELM or Great Lakes list, or go to and enter your info to learn more from our school support team.

☨Approval subject to loan qualification. Actual rate will vary based on your assets and income. Variable Rates range from 0.99% APR to 11.44% APR. Fixed Rates range from 2.99% APR to 12.78% APR (including 0.25% auto pay discount). Not all borrowers will qualify for our lowest rates, and your rate will be based on creditworthiness at time of application. Earnest rate ranges are current as of 08/21/2019, and are subject to change based on market conditions and borrower eligibility.  Terms and Conditions apply. Visit, e-mail us at [email protected], or call 888-601-2801 for more information on our loan product.

1Loan fees: Earnest does not charge fees for origination, late payments, or prepayments. Florida Stamp Tax:    A Florida documentary stamp tax is required by law, calculated as $0.35 for each $100 (or portion thereof) of the principal loan amount, the amount of which is provided in the Final Disclosure. Lender will add the stamp tax to the principal loan amount. The full amount will be paid directly to the Florida Department of Revenue. Certificate of Registration No. 78-8016 373916-1.

2Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance. Not all borrowers will qualify for our lowest rates, and your rate will be based on creditworthiness at time of application.

3Skip-a-payment:  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. This skipped payment will then be spread out across your remaining payments, resulting in an increase in your monthly minimum payment and interest will continue to accrue. Please be aware that a skipped payment will count towards the forbearance limits outlined in your loan agreement. Please note that skipping a payment is not guaranteed and is at Earnest’s discretion.

Alabama Consumer Credit License MC 22523, Arizona Consumer Lender CL 0928802, California Finance Lender License # 6054788, Colorado Supervised Lender # 992644, District of Columbia Money Lenders – Class A ML9534, Idaho Regulated Lender License RRL-9469,  Indiana Loan License # 26995, Iowa Master Loan Company Registration NRR-2016-0100, Kansas Supervised Lender License SL.0026653, Louisiana Licensed Lender Main Office # 1204917-1185949, Maine Supervised Lender License SLM14200 & Maine Sales Finance Company SFC13548, Maryland Installment Loan # 2260 & Consumer Loan # 1468, Michigan Regulated Loan RL-0020328, Minnesota Regulated Loan Company License MN-RL-1204917, Mississippi Small Loan Regulatory and Privilege Tax Laws License SL/003600/2017, Missouri Consumer Credit Loan Company 367-18-7727, Montana Consumer Loan License # 1204917, North Dakota Money Broker License MB102978, Oklahoma Supervised Lender License # SL008410, Oregon Consumer Finance License # 0447-001-C, Pennsylvania Consumer Discount  Company # 45960, South Carolina Supervised Lenders Licenses S-8695, S-8696 & S-8899, South Dakota Money Lender License MYL.3220, Tennessee Industrial Loan and Thrift License # 11106435, Vermont Lender License # 6928, Washington Consumer Loan License CL 1204917, Wyoming Supervised Lender License SL-3764© 2019

Come build the future of education financing.

Join the Team
Disclaimer: This blog post provides personal finance educational information, and it is not intended to provide legal, financial, or tax advice.