Student loans
Let us match you to student loans offers. Get started with your free FICO® Score†. Learn about student loans.
State
- Alabama
- Alaska
- Armed Forces Americas
- Armed Forces Europe
- Armed Forces Pacific
- Arkansas
- American Samoa
- Arizona
- California
- Colorado
- Connecticut
- District Of Columbia
- Delaware
- Florida
- Federated States Of Micronesia
- Georgia
- Guam
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Marshall Islands
- Michigan
- Minnesota
- Missouri
- Northern Mariana Islands
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Palau
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Virgin Islands
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Loan Amount
$
OK
Term
Loan Type
School Type
Interest Rate
Loan Purpose
240
Months
5.33 - 6.32%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
120
Months
3.65 - 5.82%
Variable APR
$
Per Month
View Details
Loan Details
10 Year Repayment Term
Variable interest rates from 3.65% to 5.82%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Not sure what loan you qualify for?
Let us match you to personalized loan offers. Get started with your free FICO® Score.
60
Months
3.20 - 5.82%
Fixed APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
60
Months
2.69 - 4.99%
Variable APR
$
Per Month
View Details
Loan Details
Low rates and flexible terms*
No application fees, origination fees, or prepayment penalties
Loan amounts starting at $15,000
Consolidate multiple loans into one easy monthly payment
Get your rate without affecting your credit score
Apply in minutes. Our online loan application is fast and simple.
Outstanding personalized service from our Personal Loan Advisors
We have a longstanding history and expertise in serving student loan borrowers
You can earn a $100 bonus just for closing your loan within 30 days of your initial application**
Earn $400 for each new client you refer through our generous referral program**
Protection Details
Forbearance
Disclosure
*Subject to credit approval. Terms and conditions apply. http://www.elfi.com/terms/
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
72
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
216
Months
5.07 - 5.62%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
192
Months
4.97 - 5.62%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
144
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
84
Months
3.12 - 5.62%
Variable APR
$
Per Month
View Details
Loan Details
7 Year Repayment Term
Variable interest rates from 3.12% to 5.62%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
180
Months
6.26 - 9.67%
Fixed APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
240
Months
4.77 - 7.27%
Variable APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
180
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
60
Months
3.4 - 7.63%
Variable APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
168
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
132
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
96
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
156
Months
4.78 - 5.6%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
240
Months
5.38 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
60
Months
2.57 - 5.36%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
84
Months
3.64 - 6.39%
Variable APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
180
Months
7.36 - 9.21%
Fixed APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
120
Months
5.9 - 9.02%
Variable APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
60
Months
3.4 - 7.15%
Variable APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
60
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
240
Months
4.91 - 6.01%
Variable APR
$
Per Month
View Details
Loan Details
Low rates and flexible terms*
No application fees, origination fees, or prepayment penalties
Loan amounts starting at $15,000
Consolidate multiple loans into one easy monthly payment
Get your rate without affecting your credit score
Apply in minutes. Our online loan application is fast and simple.
Outstanding personalized service from our Personal Loan Advisors
We have a longstanding history and expertise in serving student loan borrowers
You can earn a $100 bonus just for closing your loan within 30 days of your initial application**
Earn $400 for each new client you refer through our generous referral program**
Protection Details
Forbearance
Disclosure
*Subject to credit approval. Terms and conditions apply. http://www.elfi.com/terms/
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
120
Months
4.45 - 6.69%
Fixed APR
$
Per Month
View Details
Loan Details
Low rates and flexible terms*
No application fees, origination fees, or prepayment penalties
Loan amounts starting at $15,000
Consolidate multiple loans into one easy monthly payment
Get your rate without affecting your credit score
Apply in minutes. Our online loan application is fast and simple.
Outstanding personalized service from our Personal Loan Advisors
We have a longstanding history and expertise in serving student loan borrowers
You can earn a $100 bonus just for closing your loan within 30 days of your initial application**
Earn $400 for each new client you refer through our generous referral program**
Protection Details
Forbearance
Disclosure
*Subject to credit approval. Terms and conditions apply. http://www.elfi.com/terms/
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
180
Months
6.46%
Fixed APR
$
Per Month
View Details
Loan Details
With MBA rates lower than the federal student loan options, you could save more than $20,000 over the life of your loan by choosing CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
96
Months
3.86 - 5.4%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
240
Months
5.35 - 6.99%
Fixed APR
$
Per Month
View Details
Loan Details
20 Year Repayment Term
Fixed interest rates from 5.35% to 6.99%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
156
Months
4.92 - 5.65%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
108
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
96
Months
5.29 - 12.07%
Fixed APR
$
Per Month
View Details
Loan Details
0.25% rate reduction with auto-pay for repayment
No origination, application and processing fees, no fees for early repayment
Multiple repayment options including: full principal and interest, interest-only, deferred, and flat payment
Coverage up to 100% of your school-certified cost of attendance ($1,000 minimum)*
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay²
Interest Payments Only
Pay the interest charges each month as you go during school
Payment Deferral
No in-school payments required, but you'll pay more in interest over the life of your loan
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
120
Months
5.29 - 12.07%
Fixed APR
$
Per Month
View Details
Loan Details
0.25% rate reduction with auto-pay for repayment
No origination, application and processing fees, no fees for early repayment
Multiple repayment options including: full principal and interest, interest-only, deferred, and flat payment
Coverage up to 100% of your school-certified cost of attendance ($1,000 minimum)*
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay²
Interest Payments Only
Pay the interest charges each month as you go during school
Payment Deferral
No in-school payments required, but you'll pay more in interest over the life of your loan
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
108
Months
4.79 - 5.48%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
72
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
120
Months
5.18%
Variable APR
$
Per Month
View Details
Loan Details
With MBA rates lower than the federal student loan options, you could save more than $20,000 over the life of your loan by choosing CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
180
Months
3.99 - 6.17%
Variable APR
$
Per Month
View Details
Loan Details
15 Year Repayment Term
Variable interest rates from 3.99% to 6.17%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
120
Months
4.35 - 6.40%
Fixed APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
120
Months
4.8 - 5.5%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
120
Months
4.14 - 6.64%
Variable APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
180
Months
4.72 - 6.69%
Fixed APR
$
Per Month
View Details
Loan Details
Low rates and flexible terms*
No application fees, origination fees, or prepayment penalties
Loan amounts starting at $15,000
Consolidate multiple loans into one easy monthly payment
Get your rate without affecting your credit score
Apply in minutes. Our online loan application is fast and simple.
Outstanding personalized service from our Personal Loan Advisors
We have a longstanding history and expertise in serving student loan borrowers
You can earn a $100 bonus just for closing your loan within 30 days of your initial application**
Earn $400 for each new client you refer through our generous referral program**
Protection Details
Forbearance
Disclosure
*Subject to credit approval. Terms and conditions apply. http://www.elfi.com/terms/
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
96
Months
4.77 - 5.47%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
180
Months
5.29 - 12.07%
Fixed APR
$
Per Month
View Details
Loan Details
0.25% rate reduction with auto-pay for repayment
No origination, application and processing fees, no fees for early repayment
Multiple repayment options including: full principal and interest, interest-only, deferred, and flat payment
Coverage up to 100% of your school-certified cost of attendance ($1,000 minimum)*
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay²
Interest Payments Only
Pay the interest charges each month as you go during school
Payment Deferral
No in-school payments required, but you'll pay more in interest over the life of your loan
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
120
Months
7.29 - 9.11%
Fixed APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
108
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
84
Months
4.75 - 5.43%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
84
Months
3.56 - 5.36%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
84
Months
4.25 - 6.49%
Fixed APR
$
Per Month
View Details
Loan Details
7 Year Repayment Term
Fixed interest rates from 4.25% to 6.49%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
228
Months
5.12 - 5.62%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
60
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
120
Months
4.54 - 5.56%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
240
Months
5.09 - 6.69%
Fixed APR
$
Per Month
View Details
Loan Details
Low rates and flexible terms*
No application fees, origination fees, or prepayment penalties
Loan amounts starting at $15,000
Consolidate multiple loans into one easy monthly payment
Get your rate without affecting your credit score
Apply in minutes. Our online loan application is fast and simple.
Outstanding personalized service from our Personal Loan Advisors
We have a longstanding history and expertise in serving student loan borrowers
You can earn a $100 bonus just for closing your loan within 30 days of your initial application**
Earn $400 for each new client you refer through our generous referral program**
Protection Details
Forbearance
Disclosure
*Subject to credit approval. Terms and conditions apply. http://www.elfi.com/terms/
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
120
Months
6.19 - 9.66%
Fixed APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
144
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
84
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
156
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
192
Months
5.1 - 5.81%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
228
Months
5.3 - 5.97%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
60
Months
5.49 - 8.26%
Fixed APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
60
Months
2.54 - 6.27%
Variable APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
240
Months
4.20 - 6.42%
Variable APR
$
Per Month
View Details
Loan Details
20 Year Repayment Term
Variable interest rates from 4.20% to 6.42%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
120
Months
4.50 - 6.75%
Fixed APR
$
Per Month
View Details
Loan Details
10 Year Repayment Term
Fixed interest rates from 4.50% to 6.75%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
168
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
108
Months
4.16 - 5.42%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
132
Months
4.62 - 5.6%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
240
Months
4.9 - 7.8%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate private and federal student loans
650 minimum FICO® Score2
No origination fees and no prepayment penalties
Simple online application with live support 7 days a week
Career support - complimentary career coaching for SoFi members
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Payment Deferral
If you lose your job through no fault of your own, you may apply for Unemployment Protection. Terms and conditions apply, see https://www.sofi.com/legal/#3 for details.
Disclosure
Fixed rates from 3.899% APR to 7.804% APR (with AutoPay). Variable rates from 2.510% APR to 7.554% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.510% APR assumes current 1 month LIBOR rate of 2.10% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
120
Months
3.69 - 10.94%
Variable APR
$
Per Month
View Details
Loan Details
0.25% rate reduction with auto-pay for repayment
No origination, application and processing fees, no fees for early repayment
Multiple repayment options including: full principal and interest, interest-only, deferred, and flat payment
Coverage up to 100% of your school-certified cost of attendance ($1,000 minimum)*
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay²
Interest Payments Only
Pay the interest charges each month as you go during school
Payment Deferral
No in-school payments required, but you'll pay more in interest over the life of your loan
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
84
Months
4.35 - 6.67%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate private and federal student loans
650 minimum FICO® Score2
No origination fees and no prepayment penalties
Simple online application with live support 7 days a week
Career support - complimentary career coaching for SoFi members
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Payment Deferral
If you lose your job through no fault of your own, you may apply for Unemployment Protection. Terms and conditions apply, see https://www.sofi.com/legal/#3 for details.
Disclosure
Fixed rates from 3.899% APR to 7.804% APR (with AutoPay). Variable rates from 2.510% APR to 7.554% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.510% APR assumes current 1 month LIBOR rate of 2.10% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
180
Months
3.69 - 10.94%
Variable APR
$
Per Month
View Details
Loan Details
0.25% rate reduction with auto-pay for repayment
No origination, application and processing fees, no fees for early repayment
Multiple repayment options including: full principal and interest, interest-only, deferred, and flat payment
Coverage up to 100% of your school-certified cost of attendance ($1,000 minimum)*
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay²
Interest Payments Only
Pay the interest charges each month as you go during school
Payment Deferral
No in-school payments required, but you'll pay more in interest over the life of your loan
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
1This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
2All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
120
Months
4.85 - 7.05%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate private and federal student loans
650 minimum FICO® Score2
No origination fees and no prepayment penalties
Simple online application with live support 7 days a week
Career support - complimentary career coaching for SoFi members
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Payment Deferral
If you lose your job through no fault of your own, you may apply for Unemployment Protection. Terms and conditions apply, see https://www.sofi.com/legal/#3 for details.
Disclosure
Fixed rates from 3.899% APR to 7.804% APR (with AutoPay). Variable rates from 2.510% APR to 7.554% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.510% APR assumes current 1 month LIBOR rate of 2.10% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
120
Months
4.31 - 5.39%
Variable APR
$
Per Month
View Details
Loan Details
Low rates and flexible terms*
No application fees, origination fees, or prepayment penalties
Loan amounts starting at $15,000
Consolidate multiple loans into one easy monthly payment
Get your rate without affecting your credit score
Apply in minutes. Our online loan application is fast and simple.
Outstanding personalized service from our Personal Loan Advisors
We have a longstanding history and expertise in serving student loan borrowers
You can earn a $100 bonus just for closing your loan within 30 days of your initial application**
Earn $400 for each new client you refer through our generous referral program**
Protection Details
Forbearance
Disclosure
*Subject to credit approval. Terms and conditions apply. http://www.elfi.com/terms/
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
84
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
144
Months
4.88 - 5.59%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
72
Months
3.07 - 5.36%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
60
Months
5.38 - 7.72%
Fixed APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
168
Months
4.86 - 5.6%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
96
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
180
Months
4.52 - 7.02%
Variable APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
60
Months
4 - 6.41%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate private and federal student loans
650 minimum FICO® Score2
No origination fees and no prepayment penalties
Simple online application with live support 7 days a week
Career support - complimentary career coaching for SoFi members
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Payment Deferral
If you lose your job through no fault of your own, you may apply for Unemployment Protection. Terms and conditions apply, see https://www.sofi.com/legal/#3 for details.
Disclosure
Fixed rates from 3.899% APR to 7.804% APR (with AutoPay). Variable rates from 2.510% APR to 7.554% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.510% APR assumes current 1 month LIBOR rate of 2.10% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
60
Months
2.99 - 5.42%
Variable APR
$
Per Month
View Details
Loan Details
5 Year Repayment Term
Variable interest rates from 2.99% to 5.42%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
84
Months
3.73 - 5.14%
Variable APR
$
Per Month
View Details
Loan Details
Low rates and flexible terms*
No application fees, origination fees, or prepayment penalties
Loan amounts starting at $15,000
Consolidate multiple loans into one easy monthly payment
Get your rate without affecting your credit score
Apply in minutes. Our online loan application is fast and simple.
Outstanding personalized service from our Personal Loan Advisors
We have a longstanding history and expertise in serving student loan borrowers
You can earn a $100 bonus just for closing your loan within 30 days of your initial application**
Earn $400 for each new client you refer through our generous referral program**
Protection Details
Forbearance
Disclosure
*Subject to credit approval. Terms and conditions apply. http://www.elfi.com/terms/
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
240
Months
5.14 - 5.87%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
120
Months
5.99%
Fixed APR
$
Per Month
View Details
Loan Details
With MBA rates lower than the federal student loan options, you could save more than $20,000 over the life of your loan by choosing CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
180
Months
4.9 - 7.43%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate private and federal student loans
650 minimum FICO® Score2
No origination fees and no prepayment penalties
Simple online application with live support 7 days a week
Career support - complimentary career coaching for SoFi members
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Payment Deferral
If you lose your job through no fault of your own, you may apply for Unemployment Protection. Terms and conditions apply, see https://www.sofi.com/legal/#3 for details.
Disclosure
Fixed rates from 3.899% APR to 7.804% APR (with AutoPay). Variable rates from 2.510% APR to 7.554% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.510% APR assumes current 1 month LIBOR rate of 2.10% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
<sup>1</sup>The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
<sup>2</sup>Minimum Credit Score: Not all applicants who meet SoFi's minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi's minimum eligibility criteria (https://www.sofi.com/eligibility-criteria#eligibility-refi), applicants must also meet other credit and underwriting requirements to qualify.
60
Months
3.09 - 5.99%
Fixed APR
$
Per Month
View Details
Loan Details
Low rates and flexible terms*
No application fees, origination fees, or prepayment penalties
Loan amounts starting at $15,000
Consolidate multiple loans into one easy monthly payment
Get your rate without affecting your credit score
Apply in minutes. Our online loan application is fast and simple.
Outstanding personalized service from our Personal Loan Advisors
We have a longstanding history and expertise in serving student loan borrowers
You can earn a $100 bonus just for closing your loan within 30 days of your initial application**
Earn $400 for each new client you refer through our generous referral program**
Protection Details
Forbearance
Disclosure
*Subject to credit approval. Terms and conditions apply. http://www.elfi.com/terms/
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
180
Months
5.98 - 9.26%
Variable APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
180
Months
4.92 - 5.62%
Variable APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
60
Months
3.50 - 5.90%
Fixed APR
$
Per Month
View Details
Loan Details
5 Year Repayment Term
Fixed interest rates from 3.50% to 5.90%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
120
Months
7 - 8.53%
Variable APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
72
Months
4.12 - 5.42%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
180
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
180
Months
4.99 - 6.99%
Fixed APR
$
Per Month
View Details
Loan Details
15 Year Repayment Term
Fixed interest rates from 4.99% to 6.99%
No maximum loan amount; $5,000 minimum
No origination fees, no prepayment penalties, and no obligation to accept the offer
Check your rates in minutes online without impacting your credit score
Private and Federal loans are eligible
0.25% rate discount for making automatic payments from a checking account
Co-signer option
$100/month repayment option for medical and dental residents
Average borrower saves over $20,200* when refinancing with Laurel Road
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay
Forbearance
Up to 12 months of forbearance is available at Laurel Road's discretion
Payment Deferral
Disclosure
REFINANCE/CONSOLIDATION LOAN - RATE DETAILS, TERMS, AND CONDITIONS
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Lending services provided by Laurel Road Bank, Member FDIC.
Laurel Road Bank is an Equal Opportunity Lender.
© 2018 Laurel Road Bank.
EFT DISCOUNT
The interest rate table above is inclusive of all Electronic Funds Transfer (EFT) discounts. To qualify for the EFT discount of 0.25%, monthly payments must be paid automatically from a bank account.
FIXED APR
Fixed rate options consist of a range from 3.75% per year to 6.15% per year for a 5-year term, 4.50% per year to 6.74% per year for a 7-year term, 4.75% per year to 7.00% per year for a 10-year term, 5.24% per year to 7.24% per year for a 15-year term, or 5.60% per year to 7.24% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The monthly payment for a sample $10,000 loan at a range of 3.75% per year to 6.15% per year for a 5-year term would be from $183.04 to $194.03. The monthly payment for a sample $10,000 loan at a range of 4.50% per year to 6.74% per year for a 7-year term would be from $139.00 to $149.66. The monthly payment for a sample $10,000 loan at a range of 4.75% per year to 7.00% per year for a 10-year term would be from $104.85 to $116.11. The monthly payment for a sample $10,000 loan at a range of 5.24% per year to 7.24% per year for a 15-year term would be from $80.34 to $91.23. The monthly payment for a sample $10,000 loan at a range of 5.60% per year to 7.24% per year for a 20-year term would be from $69.35 to $78.98.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
VARIABLE APR
Variable rate options consist of a range from 3.24% per year to 5.67% per year for a 5-year term, 3.37% per year to 5.87% per year for a 7-year term, 3.90% per year to 6.07% per year for a 10-year term, 4.24% per year to 6.42% per year for a 15-year term, or 4.45% per year to 6.67% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as published in the “Money Rates” section of The Wall Street Journal (Eastern Edition). The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 3-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 1.82% to 4.25% for the 5-year term loan, 1.95% to 4.45% for the 7-year term loan, 2.48% to 4.65% for the 10-year term loan, 2.82% to 5.00% for the 15-year term loan, and 3.03% to 5.25% for the 20-year term loan, respectively, to the daily average of the 3-month LIBOR index published on each business day during the 91-day period ending on the 20th day of the calendar month immediately preceding each “Change Date,” as defined below, rounded to two decimal places, with no origination fees. (For purposes of determining the 3-month LIBOR index, a business day is any Monday through Friday excluding U.S. federal holidays.) The variable interest rate will change quarterly on the first day of each calendar quarter (“Change Date”) if the Current Index changes. The monthly payment for a sample $10,000 loan at a range of 3.24% per year to 5.67% per year for a 5-year term would be from $180.76 to $191.80. The monthly payment for a sample $10,000 loan at a range of 3.37% per year to 5.87% per year for a 7-year term would be from $133.81 to $145.46. The monthly payment for a sample $10,000 loan at a range of 3.90% per year to 6.07% per year for a 10-year term would be from $100.77 to $111.37. The monthly payment for a sample $10,000 loan at a range of 4.24% per year to 6.42% per year for a 15-year term would be from $75.18 to $86.67. The monthly payment for a sample $10,000 loan at a range of 4.45% per year to 6.67% per year for a 20-year term would be from $63.00 to $75.56.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower's bank account.
MAXIMUM RATES
Borrowers who take out a variable loan with a term of 5, 7, or 10 years will have a maximum interest rate of 9%. Borrowers who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
FEE INFORMATION
Laurel Road has no origination fees and no prepayment penalties. However, if Laurel Road does not receive any part of a payment within 15 days after the due date, it may assess a late fee not to exceed 5% of the late payment or $28, whichever is less. The borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Up to 100% of outstanding private and federal student loans (minimum $5,000). If you are refinancing greater than $300,000 in student loan debt, Laurel Road will refinance the loans into 2 or more new loans.
ELIGIBILITY
Must be a U.S. Citizen or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, employer size, debt-to-income, disposable income, total student loan debt relative to annual salary level, and credit history requirements).
ELIGIBLE LOANS
Graduates may refinance and/or consolidate any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. All loans must be in grace or repayment status and cannot be in default.
INTEREST RATES
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
DISBURSEMENT OPTIONS
The repayment of any refinance and/or consolidation student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Laurel Road agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Laurel Road has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
SAVINGS EXAMPLE
Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of February 8, 2018 and is subject to change.
180
Months
7.08 - 8.83%
Variable APR
$
Per Month
View Details
Loan Details
With our easy online application, you can apply in minutes. There are no pre-payment penalties and no hassles.
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
We provide low interest rates and flexible repayment options so you can tailor your loans to your family's financial situation.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Deferred while in school
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
180
Months
4.61 - 5.75%
Variable APR
$
Per Month
View Details
Loan Details
Low rates and flexible terms*
No application fees, origination fees, or prepayment penalties
Loan amounts starting at $15,000
Consolidate multiple loans into one easy monthly payment
Get your rate without affecting your credit score
Apply in minutes. Our online loan application is fast and simple.
Outstanding personalized service from our Personal Loan Advisors
We have a longstanding history and expertise in serving student loan borrowers
You can earn a $100 bonus just for closing your loan within 30 days of your initial application**
Earn $400 for each new client you refer through our generous referral program**
Protection Details
Forbearance
Disclosure
*Subject to credit approval. Terms and conditions apply. http://www.elfi.com/terms/
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
**Visit website for full details. Restrictions apply. Taxes are the sole responsibility of the recipient.
168
Months
4.96 - 5.71%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
180
Months
4.87 - 6.78%
Fixed APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
1All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
216
Months
5.25 - 5.92%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
84
Months
4.13 - 6.22%
Fixed APR
$
Per Month
View Details
Loan Details
Save over $24,000, on average, by refinancing with CommonBond
For every loan we fund, we also fund the education of a child in need. We're the first - and only - lender to make that promise.
With an easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles.
Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have
Protection Details
Auto Pay Discount
There is a 0.25% interest rate reduction when you set up auto-pay¹
Forbearance
Up to two years of forebearance due to financial hardship
Interest Payments Only
Payment Deferral
Up to 32 months of deferment available
Disclosure
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
<sup>1</sup>All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on 1-month LIBOR
132
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
204
Months
5.2 - 5.88%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected lifetime cost of their Earnest refinancing from the projected total cost of their original student loans. You may find more information on loan savings here: https://www.earnest.com/savings-disclaimer
<sup>2</sup>Autopay Discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 07/24/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.
Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.
120
Months
3.25 - 7.25%
Fixed APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 3.25% for fixed rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
120
Months
2.88 - 6.98%
Variable APR
$
Per Month
View Details
Loan Details
Refinance and consolidate both federal and private student loans
5 to 15 year repayment terms1
Rates as low as 2.88% for variable rates2
No application or origination fees
3 minutes to fill out application and receive instant credit decision
Choose immediate full payments or 2 years of interest only
Protection Details
Auto Pay Discount
Auto-pay discounts available of up to a 0.50% interest rate reduction²
Interest Payments Only
Moderate initial monthly payment for the first 2 years
Disclosure
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
¹This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% fixed Annual Percentage Rate ("APR"): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
²All rates shown include auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
60
Months
3.89 - 5.42%
Fixed APR
$
Per Month
View Details
Loan Details
Earnest uses data and technology to understand every applicant's unique financial story and offer customized rates
Lower rates based on your future potential and full financial profile, not just your FICO score
More savings: Earnest clients save $30,9391 on average by refinancing
Flexible terms that let you pick your exact monthly payment, prepay with no penalty, or pay bi-weekly
Lifetime service provided in-house. Unlike other lenders, Earnest will never pass you off to third-party servicers.
No fees for origination, prepayment or loan disbursement
Two-minute rate check with no obligation or impact to your credit score
Protection Details
Auto Pay Discount
Rate displayed includes the 0.25% APR discount for using auto-pay²
Forbearance
With documentation from your previous servicer to confirm, we may match your existing grace period for up to nine months
Payment Deferral
Available in select cases, including post-graduation grace periods, unemployment, economic hardship, enrollment in school, active military day and 13 months thereafter, and Peace Corps service
Disclosure
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected
Earnest's fixed rate loan rates range from 3.89% APR (with autopay) to 6.32% APR (with autopay). Variable rate loan rates range from 2.57% APR (with autopay) to 5.87% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 0.85% and 4.15% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 24, 2018 and are subject to change based on market conditions and borrower eligibility.
<sup>1</sup>Explanation of $30,939 Average Client Savings: Average savings calculation is based on all Earnest clients who refinanced student loans owned and serviced by Navient between 03/06/2017 and 03/31/2018. The savings figure of a particular client is calculated by subtracting the projected