Earnest Student Loan Refinance Review

Rating: 9.7 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. 
Learn more.
Founded in 2013, Earnest is a Fintech company that offers personal loans as well as the refinance and consolidation loans for students and parents. The company uses data technology to understand every applicant's unique financial background and offer the lowest possible rates. As of 2017, it operates as a subsidiary of Navient Corporation.

How is Earnest rated?


Loan Specifics
Customer Experience
Company Reputation

Overall Rating: 9.7 / 10 (Excellent)

Earnest is a Fintech company using data science and software automation to offer high-quality financial services at the lowest possible rates. It does so by vetting its pool of applicants to favor only qualified borrowers with high earning potential. Although highly selective, the company's data-centered methods allow those who do meet their high requirements to get lower student loan refinance rates and adjustable terms. Earnest is one of our top choices for student loan refinance for their customizable repayment terms and excellent savings opportunities. Those who have over $5,000 in student debt from accredited schools, fair interest rates, good payment histories, and can show proof of employment will find Earnest as an ideal choice.

Earnest Loan Specifics

Loan Specifics - 10 / 10

Earnest offers borrowers the ability to tailor their loan terms to reduce their monthly payments at any time. It also allows borrowers to skip payments and make up for them at a later date. Although Earnest provides estimated APRs on its webpage, actual rates will depend on the applicant's particular credit and employment situation. Obtaining a quote on the company's website is quick and easy, only taking a few minutes to complete. Once the applicant is approved for refinancing, he or she can set their exact monthly payment and choose between a fixed or a variable interest rate.
Loan Types
Maximum Loan Amount
Fixed APR Range
Starting at 3.25%
Variable APR Range
Starting at 2.57%
Deferment or Forbearance

Earnest Qualifications

Qualifications - 9.5 / 10

To qualify for refinancing through Earnest, borrowers must be U.S. citizens looking to refinance at least $5,000 in student loans from Title-IV-accredited schools. The company also requires the applicant to have completed degrees for all debts or be nearing the completion of said degrees. Other requirements include having a minimum credit score of 650, proof of employment, and a positive repayment history, meaning all their accounts must be in good standing and they must not have filed for bankruptcy or have recent accounts in collection.
Citizenship Requirement
U.S. Citizen
Minimum Credit Score
Income Verification
Degree Required
Positive Repayment History

Earnest Customer Experience

Customer Experience - 9.5 / 10

Earnest offers users valuable resources such as information on its different loan products, helpful guides, and student loan calculators. The company's website is straightforward, and the application process takes only minutes to complete. Earnest doesn't appear to have a section with frequently asked questions on their site, yet it does provide a wealth of details regarding its high eligibility requirements. It's iPhone app, another appealing feature, allows users to check their loan balance and make payments. Customers who refer their friends to the site can earn $200 for each one who signs a loan agreement.

Earnest Company Reputation

Company Reputation - 9.5 / 10

Earnest is not yet accredited by the Better Business Bureau but holds an A+ rating with the organization based on two positive and four negative customer reviews. There are only four complaints filed against the company for advertising or sales issues. However, the only visible complaint appears to be due to the consumer's misunderstanding about the pre-approval and credit check process. Earnest does not have a presence on Trustpilot.com.
Lender Type
Online Lender
Year Founded
BBB Rating
Number of BBB Positive Reviews
Number of BBB Negative Reviews
Date Collected

Company Profile

Full Name
Earnest Student Loan Refinance
Company Website
303 2nd Street, Suite 401N, San Francisco, CA, 94107

Leave a comment for Earnest Student Loan Refinance
Minimum 12 words.
 No maximum length.
* What's Your Rating?
To make this comment as helpful as possible for our community, please provide at least 2 sentences.

Customer Comments & Reviews

Loading Reviews ...
Saint Charles, Illinois
Absolute fraud in STERIOD, they want your bank account and the password, literally the password to withdraw, transfer money from your back account. I hope no one falls for these criminals. They should be in jail, period.

Saint Charles, Illinois
They require your DOB, SS #, Name and Address which I understand. What seems crazy is they want you to give away your bank account and the bank account password. Now this seems like asking a thief to hold your wallet full of cash for next 10 years or whatever the loan term is. Most crazy part is all is done on line. I have never seen this kind of craziness in my entire life. The whole process is a scam, Identity theft in STEROID. Someone should report to BB bureau immediately about this scam.

Esvin S
Sevierville, Tennessee
(Earnest - College Debt Consolidation) The application process is easy. Although mine took a bit longer than expected so make sure to call them to check on your application status if you suspect it is taking longer than usual (a couple days to a week to respond with approval/denial/requesting more information. Also, definitely use my referral code https://www.earnest.com/invite/esvin to get an easy $200 off when your loan is approved. Here is another link of Earnest's info: https://www.nerdwallet.com/blog/loans/student-loans/earnest-student-loan-refinance-flexibility/ - Thank you in advance -

Started the process to get a rate for my astronomically high 2 year loans from college, but appears they only deal with people who have a degree not people who have stopped because they had to pay for their loans. Unfortunately trapped by Sallie Mae. Students beware.

Top Rated
Our Partner
9.7 / 10
  • Saves you $30,939 on average for student loan refinancing
  • More rates to choose from = more flexibility
  • Earnest has no fees of any kind
  • Unemployment protection
  • Pick your own monthly payment and Earnest matches you with an interest rate and term
  • Get a quick rate estimate in 2 minutes
  • Exceptional customer service for the life of the loan. Call, email or text them anytime
  • Must have at least a 680 FICO Score and $40K income