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Compare Earnest vs. SoFi Student Loan Refinance

What’s the difference between Earnest Student Loan Refinance and SoFi Student Loan Refinance? See how our editors compare the two companies below.
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Earnest
9.3 / 10 - Excellent
#3 in Student Loan Refinance
Our Partner
SoFi
9.6 / 10 - Excellent
#1 in Student Loan Refinance
Our Partner
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Key Facts

  • Saves you $21,810 on average for student loan refinancing
  • More rates to choose from = more flexibility
  • Switch from fixed to variable or vice versa to take advantage of low interest rates
  • Unemployment protection
  • Change payment amount and payment date anytime
  • Get a quick rate estimate in 2 minutes
  • A bank with personality. Call, email or text them anytime
  • Must have at least a 680 FICO Score and $40K income
  • SoFi members save an average of $22,359 by refinancing their student loans**
  • Find your rate in 2 minutes
  • Consolidate & refinance your federal or private student loans
  • As low as 3.35% fixed or 2.795% variable APR (with Autopay)
  • Up to 20 year loan terms
  • Unemployment protection
  • Simple online application

ConsumersAdvocate.org Ratings

9.3 / 10 - Excellent
10/10
Savings
9/10
Qualifications
10/10
Loan Limits/Terms
8/10
Customer Service
9/10
Additional Fees
8/10
Application Process
9.6 / 10 - Excellent
10/10
Savings
9/10
Qualifications
10/10
Loan Limits/Terms
10/10
Customer Service
10/10
Additional Fees
9/10
Application Process

Customer Reviews

 (3)
7.4 / 10 - Very good
33%
5 stars
33%
4 stars
0%
3 stars
33%
2 stars
0%
1 stars
 (9)
2.4 / 10 - Poor
11%
5 stars
0%
4 stars
0%
3 stars
0%
2 stars
78%
1 stars

Final Verdict

SoFi Student Loan Refinance has a higher overall rating than Earnest Student Loan Refinance. SoFi scores better than Earnest across: Customer Service, Additional Fees, and Application Process. Both companies score similarly on Savings, Qualifications, and Loan Limits/Terms.


Latest Reviews

Esvin S

8/11/2017
Earnest Student Loan Refinance review
(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 -


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Anonymous
Dallas, Texas

6/9/2017
SoFi Student Loan Refinance review
I applied and was approved in a timely manner. My interest rate was awesome compared to what I'm at with the Feds. I just now have to decide whether or not I want to give up my rights that the Feds offer with repayment options over the life of the loan.


Jeremy O
Matthews, North Carolina

3/7/2017
SoFi Student Loan Refinance review
Please ignore my last review. I was remarking about another student loan refinance company. SoFi promptly responded to my concern and answered my questions. They (Mitsy) were very prompt and courteous.