What is Earnest?
Earnest is a financial technology company that specializes in student loan refinancing, personal loans, and student loans. It offers clients the ability to refinance their student loans with customizable options that fit their financial situations. The platform allows users to check their rates in minutes without impacting their credit scores, apply securely using various devices, and run payment scenarios to see how different rates and terms affect their total loan costs.
Earnest emphasizes client happiness with in-house expert support available via phone, email, and web chat. The company has refinanced over $24 billion in student loans and serves more than 420,000 clients, with a commitment to no fees, including no late payment fees. It consolidates federal and private student loans into one easy payment and provides tools to choose ideal payments and terms based on individual budgets.
Features
- Rate Checking: Check rates in minutes without credit impact
- Payment Scenarios: Run scenarios to see how rates and terms affect total loan costs
- No Fees: No fees, including no late payment fees
- Loan Consolidation: Consolidate federal and private student loans into one payment
- Expert Support: In-house team available via phone, email, and web chat for assistance
Use Cases
- Refinancing student loans to lower interest rates
- Consolidating multiple student loans into a single payment
- Managing education debt with flexible payment terms
- Exploring personal loan options for financial needs
- Budgeting for student loan repayments with customizable scenarios
