Refinancing rate drop alert! Your student loans could cost less tomorrow. Check My Rate.
$19.6 billion
Total Student
Loans Refinanced
293,000+
Happy Clients
Earned
)
)
Overall Rating
As was announced by the U.S. Department of Education (ED), federal student loans have resumed accruing interest starting September 1, 2023, and federal student loan payments were reinstated starting in October. Please note that you will lose benefits associated with your underlying federal loans, such as federal Income-driven Repayment Plans (an example of which is the SAVE plan), Economic Hardship Deferment, Public Service Loan Forgiveness, or other deferment and forbearance options, if you refinance into a private loan. If you file for bankruptcy, you may still be required to pay back this loan. See https://studentaid.gov for more information.
Why Earnest?
Easy refinancing, clear progress
With Earnest, you get the options you need to refinance your student loans to fit your life. And the option to refinance later when life changes.
Check your rate in 2 minutes with no credit impact
Apply in under 10 minutes
Most get a decision within 48 hours
Choose how much you want to pay
Select monthly or biweekly payments
Get 0.25% off your rate with
Enjoy absolutely no fees
Skip a payment without penalties
)
Fixed
4.29%APR
( including 0.25%
discount )
Variable
5.88%APR
( including 0.25%
discount )
These are our lowest starting rates and contain our 0.25% Auto Pay discount from a checking or savings account. Some borrowers may see higher rates based on their credit. Variable rates not available in AK, IL, MN, NH, OH, TN, and TX.
Common Refinancing Misconceptions
De-mystifying student loan refinancing
Are you interested in learning how refinancing works and where to begin? Explore these common misconceptions about refinancing to dispel the myths on your path to financial freedom.
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The Earnest Blog
Read up on student loan refinancing
1 Choosing to refinance to a longer term may lower your monthly payment, but increase the amount of interest you may pay. Choosing to refinance to a shorter term may increase your monthly payment, but lower the amount of interest you may pay. Review your loan documentation for the total cost of your refinanced loan.
*As a result of ongoing court actions, the terms of some Income-Driven Repayment (IDR) plans, including the SAVE plan, may be subject to change. Please refer to studentaid.gov for the current status of these plans.