Financial Aid Professionals

Introducing a new improved student loan

Earnest private student loans are designed for today’s students, families, and financial aid teams, with a guided application process and friendly support at every step. Enter your info below to hear from our school support team.
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Benefits of Earnest Private Student Loans

A Simple Yet Sophisticated Private Student Loan Built to Support Your Students

  • Fast application and approval process
  • 9-month grace period (3 months more than most lenders)
  • No fees for origination, disbursement, prepayment, or late payment
  • Skip a payment once per year (once repayment period has started)
  • Expert support from our Client Happiness team
  • 0.25% Auto Pay discount
  • Covers up to 100% of school’s certified cost of attendance

Looking for details?

Check out our Fact Sheet

A quick guide to our Private Student Loan offering.

For school use only. Materials not intended for consumer or student distribution.

Download PDF

Earnest private student loan interest rates

We offer low fixed and variable rates (the rates quoted here
include a .25% autopay discount) and allows students to choose which they prefer. Our application also includes guidance and education at every step, to help students make informed decisions.

Starting at
1.24%
( including 0.25% Auto Pay discount )
variable rates
Are rates that fluctuate over time with general market interest rates.
Starting at
3.49%
( including 0.25% Auto Pay discount )
fixed rates
Are rates that stay constant for the entire length of your loan.
Starting at
1.24%
( including 0.25% Auto Pay discount )
variable rates
Are rates that fluctuate over time with general market interest rates.
Starting at
3.49%
( including 0.25% Auto Pay discount )
fixed rates
Are rates that stay constant for the entire length of your loan.

PARTNER WITH EARNEST

We’d love to hear from you

Want to stay in the know or learn more about Earnest Private Student Loans? Get in touch with the sales rep in your region.

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EARNEST VS. OTHER LENDERS

See how Earnest Private Student Loans stack up

See how Earnest Private Student Loans stack up

We've built a private student loan from scratch, with features students actually care about.

SallieMae Discover Citizens One
eligibility check
eligibility check
eligibility check
eligibility check
zero fees
zero fees
zero fees
zero fees
9-month grace period
9-month grace period
9-month grace period
9-month grace period
choice of loan terms
choice of loan terms
choice of loan terms
choice of loan terms
skip 1 payment a year
skip 1 payment a year
skip 1 payment a year
skip 1 payment a year

*Feature comparison current as of April 1, 2020

Frequently Asked Questions by Financial Aid Professionals

What is the Earnest Private Student Loan Origination Information?
  • Lender Code: 600001 
  • Guarantor code: K76 (Earnest is the Guarantor) 
  • Alternative/private student loan program ID: K77 
Who is eligible for an Earnest private student loan?

Eligible students must be:

  • Attending, or enrolled to attend, full-time at an eligible Title IV 4-year institution
  • A U.S Citizen or Permanent Resident or apply with a cosigner who is a U.S. Citizen or Permanent Resident (primary is not required to be a U.S. Citizen or Permanent Resident but is required to have a SSN).
  • Applying for a loan to pay their current academic year, or for a past due balance up to 365 days prior
  • Applying for a minimum loan amount of $1000 unless specified by state of residence

SAP (Satisfactory Academic Progress) is not required.

View full eligibility details on our Eligibility page.

Which certification methods do you support?

Our simple online application, certification, and disbursement processes make life easy for you, your students, and their cosigners. 

Earnest supports the following certification methods:

  • ELMNet
  • Great Lakes ScholarNet
  • Most school based software (SBS) with Commonline 4
  • Ecourier
  • iLink
Which disbursement methods do you support?

We support the following disbursement methods:

  • ELM NDN
  • Great Lakes CDS
  • EFT to your school’s bank account
  • Paper check

Refunds via check can be mailed to: P.O. Box 8016, Fishers, IN 46038. Please include the student’s name and SSN.

A Dedication to Better Lending

Earnest was founded in 2013 to help grads save money by refinancing student loans. Since then Earnest has helped thousands of clients reduce the interest they pay, through innovative underwriting that rewards responsible financial habits. In 2019 Earnest expanded its program to current students, to offer them flexible payments and personalized rates as well.

Latest Updates

View releases on updates to our Private Student Loan offering.

Let's Talk Loans

What makes Earnest private student loans different?

The Earnest Blog

Check out our blog for financial literacy resources to pass on to your students