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UMD student loans put Terps on the fast-track

Together with the professional programs of UMB in Baltimore, the University of Maryland, College Park provides an exceptional education to scholars in the D.C. metro area. Earnest helps UMD and UMB students and grads finance their education with smart, affordable student loans. Please note, the University of Maryland is not affiliated with Earnest and does not endorse Earnest's loans.


Bright futures begin at Maryland’s flagship university

UMD alumni include Jim Henson, Sergey Brin, and Larry David

The University of Maryland  offers distinguished academic programs in a variety of fields to ensure the career of your choice started on the right track—whether that be with an MBA from the Robert H. Smith School of Business, a D.D.S from the University of Maryland School of Dentistry (the first dental college in the world), or an M.D., J.D. or PharmD from UM’s other professional graduate schools for Medicine, Law, and Pharmacy.

UMD is located in College Park, only a half-hour drive from the nation’s capital. UMD offers several unique “living-learning” programs where students with similar interests live in the same residential community, take courses, and perform research together—ranging from entrepreneurship to design. Whenever Terrapins aren’t in class or studying, they’re cheering the Terps against Big Ten foes in Maryland Stadium and the XFINITY Center.

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No need to ‘shell out’ big for tuition

Earnest student loans and student loan refinancing

University of Maryland Alumni
UMD 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 Maryland education leads you—Earnest wants to save you money along the way.

University of Maryland Students
Maryland is committed to helping students attain their educational and financial goals. In fact, 99.5% of applicants with financial need receive some form of aid and the average award is $13,531. We encourage you to contact the University of Maryland Office of Student Financial Aid to learn more about UMD scholarships, grants, jobs, and other ways to ensure you leave College Park with a lifetime of wisdom and memories—not student debt.

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Behind the scenes of Maryland 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 UMD 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.