Loans (US)

How to apply for the Earnest Private Student loans?

Earnest Private Student loans are best for those who look for affordable rates, flexible repayment options, and perks. Check out how to get yours!

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by Aline Augusto

01/21/2022 | Updated on 09/15/2022

Applying for Earnest Private Student loans: flexible terms, zero fees, and perks

See how to apply online. Source: Instagram Earnest.
See how to apply online. Source: Instagram Earnest.

Earnest offers private student loans full of benefits.

Affordable variable and fixed interest rates, flexible repayment options, no fees of any kind are just a few of all you can get by applying for its loans.

Unlike other lenders, this one offers a nine-month grace period and loan forgiveness in case the unthinkable happens to the borrower.

Also, you can skip a payment every 12 months. 

This lender is available in all states except Nevada. 

Furthermore, you can pre-qualify before applying and submitting the application.

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Earnest Private Student

No fees Online

Pay zero fees and get flexible terms with Earnest Private Student loans!

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Apply online

Find out how the application process works! Source: Pexels.
Find out how the application process works! Source: Pexels.

Access the Earnest Private Student Loan website and click on Get Started.

Note that it requires the consigner a minimum 650 FICO score. Also, you must have a Social Security Number or a consigner in the age of majority, being U.S. Citizen, or possess a 10-year Permanent Resident Card.

Then, fill in the forms with your personal and financial information. 

Also, you can pre-qualify before submitting all forms.

Apply using the app

Please apply using the Earnest website since it doesn’t offer the mobile app option. 

Earnest Private Student loan vs. SoFi Private Student Loans 

Both lenders offer competitive rates with zero fees. However, Earnest provides a minimum of $1,000 and discloses the credit score required for the application.

Also, it provides you with outstanding and humanly customer service and support.

Check out the comparison table below to decide which fits your needs better.

Earnest Private Student Loans SoFi Private Student Loans
APRVariable rates starting at 0.99%;
Fixed rates starting at 2.94% (including 0.25% autopay discount)
Fixed and variable ranging from 1.74% to 6.94%. 0.25% discount for automatic payments
Loan PurposeEducational (undergraduate, graduate, parent, MBA, Law, Medical loans);
Refinancing 
Educational (undergraduate, graduate, law & MBA, parent loans)
Refinancing
Loan AmountsMinimum of $1,000Minimum of $5,000
Credit Needed650 credit score (fair)Undisclosed 
Terms5, 7, 10, 12, 15 years5, 7, 10, 15 years
Origination FeeNoneNone
Late FeeNoneNone
Early Payoff PenaltyNoneNone
SoFi Private Student Loans

How to apply for SoFi Private Student Loans?

Flexible repayment options and no fees. Learn how to apply for SoFi Private Student Loans and get the benefits!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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