This calculator is a tool to help you visualize repayment options for student loans based on various scenarios provided by you. The information on this page is presented for general personal finance education and it is not intended to provide legal, financial, or tax advice. The accuracy of the calculated results is not guaranteed, and the results are intended for illustrative purposes only. This calculator does not indicate whether you would qualify for an Earnest loan, and the interest rate we approve for you may be higher than the options shown in this calculator if you do qualify. Note that even if you refinance your student loans with Earnest, the outputs of the calculator may not align with loan agreement terms due to several factors, such as your repayment schedule, the interest rate we approve for you, whether you end up choosing a fixed or variable interest rate upon approval, or the timing for sending a payoff to former servicers.

Earnest Private Student Loans are subject to credit approval.

Before applying for private student loans, it’s best to maximize your other sources of financial aid first. It’s recommended to use a 3-step approach to assembling the funds you need: 1) Look for funds you don’t have to pay back, like scholarships, grants, and work-study opportunities. 2) Next, fill out a FAFSA^® form to apply for federal student loans options. 3) Finally, consider a private student loan to cover any difference between your total cost of attendance and the amount not covered in steps 1 and 2. For more information, visit the Department of Education website at studentaid.gov.