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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.
Last Updated: November 17, 2017
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Earnest
9.7 / 10 - Excellent
#2 in Student Loan Refinance
SoFi
9.6 / 10 - Excellent
#4 in Student Loan Refinance
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Key Facts

  • Saves you $21,810 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
  • 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

9.7 / 10 - Excellent
10/10
Savings
10/10
Qualifications
10/10
Loan Limits/Terms
10/10
Customer Service
10/10
Additional Fees
9/10
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

 (5)
4.8 / 10 - Average
20%
5 stars
20%
4 stars
0%
3 stars
20%
2 stars
40%
1 stars
 (10)
2.2 / 10 - Poor
10%
5 stars
0%
4 stars
0%
3 stars
0%
2 stars
70%
1 stars

Final Verdict

Earnest Student Loan Refinance and SoFi Student Loan Refinance are very close in quality and have the same overall rating. That said, Earnest scores better than SoFi across: Qualifications. Whereas, SoFi scores better on Customer Service, and Additional Fees. Both companies score similarly on Savings, Loan Limits/Terms, and Application Process.


Latest Reviews

Esvin S
8/12/2017
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 -


A
Anonymous
O'Fallon, Missouri
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.