Introducing a new and improved student loan
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 PDFEarnest 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.
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.
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SallieMae | Discover | Citizens One |
|---|---|---|---|
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eligibility check
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eligibility check
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eligibility check
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eligibility check
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zero fees
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zero fees
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zero fees
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zero fees
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9-month grace period
|
9-month grace period
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9-month grace period
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9-month grace period
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|
choice of loan terms
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choice of loan terms
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choice of loan terms
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choice of loan terms
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skip 1 payment a year
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skip 1 payment a year
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skip 1 payment a year
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skip 1 payment a year
|
*Feature comparison current as of April 1, 2020
Frequently Asked Questions by Financial Aid Professionals
- Lender Code: 600001
- Guarantor code: K76 (Earnest is the Guarantor)
- Alternative/private student loan program ID: K77
Eligible students must be:
- Attending, or enrolled to attend, full-time at an eligible Title IV 4-year institution
- 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.
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
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.
