We don’t charge any fees, including late fees, origination fees, application fees, or fees for early repayment. You can pay off your loan anytime without penalties. The only cost is the interest that accrues over time, and paying early can help you save on interest and lower your total finance charge. You can learn more about the type of interest we charge in this article. Because we process all applications online, we cut down costs significantly and pass those savings on at lower rates for our clients.
For all loan documents executed in Florida, a stamp tax of $0.35 per $100 or a portion thereof (for example, $21 on a loan of $6,000) is levied by the state government. The transaction will be labeled “Florida Stamp Tax.” For both student loan refinance and private student loans, Earnest will add the stamp tax to the principal loan amount, and the amount of the stamp tax will be provided in the Final Disclosure. All of this tax goes directly to the Florida Department of Revenue. Certificate of Registration No. 78-8016373916-1.