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Earnest engineers savings on CMU student loans

Founded in Pittsburgh by Andrew Carnegie, Carnegie Mellon is internationally renowned for its computer science and robotics programs, as well as its range of innovative, interdisciplinary tracks. Earnest helps CMU students and grads finance their education with smart, affordable student loans. Please note, Carnegie Mellon University is not affiliated with Earnest and does not endorse Earnest's loans.

Tartans enjoy an exemplary education in historic Pittsburgh

A university known for advancing technology and careers

With highly competitive admissions for its top-ranked technical and financial degrees, Carnegie Mellon is a smart investment in your future—whether that be an MBA from the Tepper School of Business, or a PhD in Machine Learning or Robotics.

While CMU’s primary campus is in Pittsburgh, they also maintain campuses in Qatar and Silicon Valley (Mountain View). Carnegie Mellon is rich with tradition, from bagpipers practicing on campus to painting The Fence—considered the world’s most-painted object. CMU students are proud to be Tartans, with esteemed alumni such as art icon Andy Warhol, the inventor of the Java computing language, and billionaire investor David Tepper.


Bridging the financial gap between you and a CMU education

Earnest student loans and student loan refinancing

Carnegie Mellon Alumni
CMU grads with student loan debt rely on Earnest for a seamless consolidation and refinancing experience. You receive competitive rate offers based on your personal financial profile and you can customize your payments to work with your desired budget and timeline. Wherever your Tartan education leads you—Earnest wants to save you money along the way.

Carnegie Mellon Students
CMU strives to provide a top-tier education that everyone can access. In fact, 82% of CMU undergrads have their financial need met and the average award is $36,001. We encourage you to contact the Carnegie Mellon University Student Financial Aid office to learn more about Carnegie Mellon scholarships, grants, jobs, and other ways to ensure you leave Pittsburgh with a lifetime of wisdom and memories—not student debt.


Behind the scenes of Carnegie Mellon student loan refinancing

Get the facts before making any decisions

How should I choose a student loan refinancing provider?

When comparing loans, take into account the rates you’re offered, as well as factors like flexibility and customer service from the loan provider. Many companies will outsource your loan servicing.

Which type of loans can I refinance?

You can refinance both Federal and private student loans with Earnest. You’ll effectively consolidate all your loans into one new, lower rate Earnest loan.

What are the benefits of refinancing my student loan(s)?

Many people are able to refinance into much lower interest rates, saving them thousands, if not tens of thousands, of dollars. In addition, Earnest offers in-house support for the life of your loan and a seamless technology platform to manage your loan.

Can I refinance loans that have previously been consolidated or refinanced?

Yes. Previous refinancing or consolidation does not affect the eligibility of your application.

Who should consider refinancing with Earnest?

Refinancing is a great solution for employed or soon-to-be-employed graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans.

What is the difference between consolidation and refinancing?

Consolidation simply combines multiple student loans into one. That means one monthly payment instead of having to juggle many different ones, sometimes with multiple servicers. When you consolidate, your interest rate will be a weighted average of the interest rates on the loans you combine. You won’t save money— but it can make life easier by reducing the amount of time you spend managing different payments.

Refinancing can be done with one loan or several, and involves getting a new loan with a different (usually lower) rate than before, due to changes in your financial situation. When you refinance, you typically work with a company to pay off the original loan(s) and get a new unified loan at a lower rate.

Recommended reading for CMU students

Stay ahead of the curve with these resources

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Refinancing is easier with Earnest

Rather than looking at student loans as a ball and chain, we see them as a balloon—lifting students to new heights, and enabling incredible opportunities and achievements. Through innovative data science we make that balloon as light as possible, saving clients thousands on every loan. And with exceptional service, we ensure our clients make decisions with confidence. At Earnest, we seek to offer a student loan like no other.