Our data-driven evaluation of your full financial profile gives us the ability to offer qualified borrowers lower, more personalized rates than traditional lenders can.
So whether you want to pay off your student faster or just reduce your student loan payments, we can help.
You also get to choose your monthly payments and let's you know how much you'll be paying in interest with the amount you've chosen.
I would definitely recommend to people I applied for school loan refinancing with Earnest and got the best interest rate possible, because they didn't just look at one thing in order to determine it.
Consolidating student loans does not affect the amount of interest you pay—it just simplifies your payments.
The whole process was online with one phone call to verify my identity.
My only complaint is that you can't apply an extra payment throughout the month to the principal only.
The only way to do this is to make the extra payment on the day of your payment is due.
Their portal is very usable and their support team was super helpful in walking me through the loan transfer process. I loved the visual of interest rate and payment options. I couldn't be happier with my transition to Earnest (: Consolidating all of my student loans was quick and easy.
Now I have one payment to worry about and I'm saving hundreds per month and knocked almost a decade off the term of my loans!