Rates have dropped. Now is the time to refinance your student loans. Get My Rate

Rates have dropped! Check My Rate

Rates have dropped. Now is the time to refinance your student loans. Learn more

Rates have dropped! Check My Rate

Financial Aid Professionals

Introducing a new, improved private 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.

Frequently Asked Questions by Financial Aid Professionals

What is Earnest student loans lender information?

Lender Code: 600001  Guarantor code: K76 (Earnest is the Guarantor)  Alternative/private student loan program ID: K77 
  • 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.

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

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.

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.

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

The Earnest Blog

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

Earnest private student loan interest rates

Earnest offers 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
3.35%
( including 0.25% Auto Pay discount )
variable rates
Are rates that fluctuate over time with general market interest rates.
Starting at
4.69%
( including 0.25% Auto Pay discount )
fixed rates
Are rates that stay constant for the entire length of your loan.
Starting at
3.35%
( including 0.25% Auto Pay discount )
variable rates
Are rates that fluctuate over time with general market interest rates.
Starting at
4.69%
( including 0.25% Auto Pay discount )
fixed rates
Are rates that stay constant for the entire length of your loan.

*Variable rates not available in AK, IL, MN, NH, OH, TN, and TX.

EARNEST VS. OTHER LENDERS

See how Earnest stacks up to other lenders

See how Earnest stacks up to other lenders

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

Sallie Mae 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 March 5, 2019

*Feature comparison current as of March 5, 2019

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 lending to current students, to offer them flexible payments and personalized rates as well.