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What are my Earnest Student Loan Refinance repayment options?

We provide the following repayment plan on your Earnest Student Loan Refinance:

  • Standard Repayment Plan - This plan is designated to you as part of your loan agreement with Earnest.

Are you having difficulty making your payments? 

If you are unable to make your payments, there may be options available to you. Some of the following options may have eligibility standards and documentation may need to be provided. Please contact us at (888)601-2801 if you need assistance choosing the right path for your loan repayment.


Options to postpone payments


Unexpected life events can affect your budget, so we offer you the ability to skip one payment every 12 months. Your first request to skip a payment can be made once you've made at least 6 months of consecutive on-time payments, and your loan is in good standing. You can start your request for a skip-a-payment here


In certain situations you may qualify for forbearance, a protection offered by Earnest for clients who are experiencing a documented and verifiable hardship. During forbearance, simple daily interest continues to accrue on your loan. More information on forbearance can be found here

In grad school or enrolling in grad school?

If you’re going back to grad school at least half-time, you may be eligible to deferment, which postpones your Earnest loan payments for a period of time. During deferment, your loan will continue to accrue interest. 

In a disability rehabilitation program?

You may have deferment options available to you. Please reach out to us if you would like more information.

In the military?

We offer military deferment and SCRA benefits to eligible servicemembers. Check here for further information.

Loan Forgiveness and Discharge

In the unfortunate event of death or total and permanent disability, Earnest will discharge all student loans.

Repayment programs

Rate Reduction Program

The Rate Reduction Program is an alternative payment program for Earnest Student Loan Borrowers experiencing difficulty but who can afford to pay a reduced amount. The program provides a reduced interest rate for a 6-month period. As a result, the monthly payment amount is also temporarily reduced.

By making reduced payments for a period of time, your total loan cost may be higher compared to a standard repayment schedule. That’s because during the program, your principal balance may be paid down at a slower rate compared to a standard repayment schedule.

Eligibility for the program is dependent upon your financial profile. Please contact us for further eligibility information.

Term and Rate Modification Program

The Term and Rate Modification program combines an extended repayment term with the Rate Reduction Program. Please reach out to us directly if you have further questions about this program.

We're here to assist you. Please contact us by email at or give us a call at (888)601-2801, hours are 8am-5pm PST, Monday-Friday to find what options are most suitable for you.

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