Private Student Loan Rate Match FAQ

Ready to Rate Match? Give us a call at (888) 601-2801.

We are happy to offer our rate match* program to our private student loan customers. In order to match a competitor rate, you’ll want to first submit an application and receive an approved loan offer from Earnest. Once approved, let our team know, and we can start the process of matching an approved offer from another lender. 

If you’d like Earnest to match a competitor’s rate, here is some important information to know:

  • We try to match offers based on the terms we provide, but we do not always have the same terms offered by other lenders
  • We’re unable to match rate estimate results or preliminary rate offers
  • If your other offer is for a cosigned loan, we will only match the rate on a cosigned loan with Earnest
  • You must upload a screenshot or copy of your final loan approval agreement or document. The image must legibly show:
    • Your full name
    • A current loan offer issued either 15 days prior and/or within 30 days of an Earnest approval that has not already been disbursed
    • Your approved term, repayment option, and interest rate, exclusive of any discounts
  • We’re unable to match rates that are lower than our headline rates. Currently the lowest variable and fixed rates we offer can be found here 
  • In some states, the regulations on variable rates are not aligned with our current rate ranges. As a result, we don’t offer variable rates in these markets  

If you have any questions or would like to start the process, please feel free to give us a call during business hours (Monday-Friday, 8 am-5 pm PST, excluding holidays) at (888) 601-2801



*Terms and conditions apply. To qualify for this Earnest Rate Match Bonus offer: 1) you must submit a completed student loan application; 2) you must provide documentation of an eligible competitive rate offer exclusive of all discounts by calling Client Happiness at (888) 601-2801 or chat on and follow the instructions to send in your proof of lower rate; and 3) you must provide a valid email address during the application process. The bonus will be paid out in the form of a gift card. You will receive instructions on how to redeem the gift card via the email address you have provided. Limit one rate match bonus per application. A bonus cannot be issued to residents in KY, MA, or MI.
Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. Additional terms and conditions may apply. Earnest may discontinue this program at any time.