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Digging up deep savings on UMN student loans

Whether you’re on the East Bank or West Bank, U of M offers an enriching Public Ivy education in the vibrant and diverse Minneapolis-St. Paul metro area. Earnest helps UMN students and grads finance their education with smart, affordable student loans. Please note, the University of Minnesota, Twin Cities is not affiliated with Earnest and does not endorse Earnest's loans.


A collegiate hat trick

Exceptional academics, athletics, and campus life

The University of Minnesota has a wide variety of incredible academic programs to choose from, many of which are top-ranked in their area of study. Some of Minnesota’s most prestigious programs include an MBA from the Carlson School of Management, a JD from UMN Law School, an MD from the UMN Medical School, a top-ranked PharmD from UMN College of Pharmacy, and a DDS from UMN School of Dentistry.

U of M’s Twin Cities campus rests on the banks of the Mississippi River in Minneapolis, with the St. Paul campus three miles away in Falcon Heights. Commuting between the two is easy, with Campus Connector shuttles running regularly. UMN is home to many magnificent cultural sights, such as the Minneapolis Institute of Art and Walker Art Museum. The Golden Gophers have won 11 men’s and women’s ice hockey championships—and gave birth to modern cheerleading in 1898.


Save a ton of coin on your Golden Gopher education

Earnest student loans and student loan refinancing

University of Minnesota Alumni
U of M 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 Minnesota education leads you—Earnest wants to save you money along the way.

University of Minnesota Students
Minnesota is dedicated to helping students afford a great education and all admitted students are automatically considered for university scholarships. In fact, 98.3% of applicants with financial need receive some form of aid and the average award is $12,397. We encourage you to contact the University of Minnesota One Stop Student Services Center to learn more about U of M scholarships, grants, jobs, and other ways to ensure you leave the Twin Cities with a lifetime of wisdom and memories—not student debt.


Behind the scenes of Minnesota 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 UMN 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.