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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 to hear from our school support team.

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Benefits of Earnest Private Student Loans

A simple yet sophisticated 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
  • Can cover past-due balances up to 365 days prior

  • Expert support from our Client Happiness team
  • 0.25% Auto Pay discount
  • Covers up to 100% of school’s certified cost of attendance

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Earnest private student loan interest rates

Financial literacy + customized options = smart choices

Earnest offers low fixed and variable rates and allows students to choose which they prefer. Our application also includes guidance and education at every step, to help students make informed decisions.

Variable Rates

Starting at 3.35% APR (including 0.25% Auto Pay discount)

Fixed Rates

Starting at 4.69% APR (including 0.25% Auto Pay discount)

Frequently Asked Questions by Financial Aid Professionals

Who is eligible for an Earnest loan?

Eligible students must be:

• Attending, or enrolled to attend, full-time at an eligible Title IV 4-year institution
• Residing in Washington D.C. or one of 39 states that Earnest lends in (all but AK, CT, DE, HI, IL, KY, NH, NV, OH, TX, VA)
• The age of majority in their state of residence
• A U.S. Citizen or Permanent Resident or have a cosigner who is

View full eligibility details on our Eligibility page.

Which certification methods do you support?

We support the following certification methods:

  • ELMNet
  • Great Lakes ScholarNet
  • Most school based software (SBS) with Commonline 4

Which disbursement methods do you support?

We support the following disbursement methods:

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

See how Earnest student loans stack up to other lenders

Feature comparison current as of March 5, 2019

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Eligibility check        
No fees for origination, disbursement or late payments         
9 mo. grace period (for eligible repayment options)        
Choice of loan terms         
Skip a payment yearly once full repayment starts        

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.