Refinancing1 is a great option for employed graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and or private loans.
We look for applicants who have a strong history of financial responsibility and understand that it can come in many forms. While a traditional credit history is important, we also recognize that some applicants may have a limited credit record but demonstrate strong savings habits and promising career potential. We carefully consider an applicant’s income to ensure it supports both the repayment of the Earnest loan and their everyday living expenses. Another key factor in our review process is a positive payment history. This shows us that applicants are committed to paying their existing debts in full and on time - a reliable indicator of future repayment success.
Prior to applying, we recommend reviewing our Eligibility Guide & Requirements and this article on factors to consider before refinancing your loans.
1 Please note that you will lose benefits associated with your underlying federal loans, such as federal Income-driven Repayment Plans, Economic Hardship Deferment, Public Service Loan Forgiveness, or other deferment and forbearance options, if you refinance into a private loan. If you file for bankruptcy, you may still be required to pay back this loan.