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Am I Able to use my Loan to Cover Past Due Balances? | Private Student Loans

Yes! An Earnest Private Student Loan may be used to cover past-due balances at an eligible school. The loan must be certified by the school and no more than 365 days from the date of attendance. It’s important to note, per our eligibility requirements, that students must have been enrolled at least half-time at the same institution included in their application. For more information on your enrollment status, you can view this article.

If you are planning on applying for a loan for the upcoming academic year as well, you will need to submit two separate applications. One loan to cover your past due balance, and the other for the upcoming school year. For more information on what we will look for in an application, you can view our eligibility guidelines here.

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