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Do you match rates from competitors? | Student Loan Refinancing

Yes, we match rates! Our rate match program(1) is available for both our student loan refinancing and private student loan products. For private student loans, please check out this article here for program specifics. 

In order to match a competitor's rate, you’ll first want to submit an application with us and receive an approval offer. If you’re approved, let our team know, and we can start the process of matching an approved offer from another lender. There are some important restrictions that apply:

  • The minimum term length we’re able to match is 5 years(2), and the maximum is 20 years(2).
  • We’re unable to match rate estimate results or preliminary rate offers. 
  • You must upload a screenshot or copy of your final loan approval agreement or document. The image must legibly show: 
    • Your full name.
    • A current loan offer issued either 15 days prior and/or within 30 days of an Earnest approval that has not already been disbursed.  
    • Your approved term and interest rate, excluding any discounts.
  • We’re unable to match rates that are lower than our headline rates. Currently, the lowest variable and fixed rates we offer can be found here. (Our lowest rates are only available for our most credit-qualified borrowers and contain our 0.25% Auto Pay discount from a checking or savings account.)
  • In some states, the regulations on variable rates are not aligned with our current rate ranges. As a result, we don’t offer variable rates in these markets.

If you have any questions or would like to start the process, please feel free to contact our team by clicking the Get In Touch button at the bottom of this page.

1 - Your rate, and the rate match program itself, are conditional upon approval of your loan application and our verification of your application information, including, but not limited to, verification of sufficient income to support an ability to repay. Eligible documentation of a competitor’s rate offer will be determined at Earnest’s sole discretion. Such offer must be issued within 15 days prior to your Earnest approval or within 30 days of an Earnest approval that has not already been disbursed. It must show the rate exclusive of all discounts and be for less than or equal to your approved loan amount with Earnest and for the same term. Certain loan amounts, rate types, and terms may not be available. Earnest student loan refinance is not available in all states. Earnest will only match rate offers for private student loan refinance products, and Earnest will match rates down to the headline rate at the time of approval. The match will be at the rate, exclusive of all discounts. Earnest reserves the right to change or discontinue this program at any time without notice.

2 - Earnest’s Loan Cost Examples: These examples provide estimates based on payments beginning immediately upon loan disbursement. Variable APR: A $10,000 loan with a 20-year term (240 monthly payments of $107.96) and an 11.69% APR would result in a total estimated payment amount of $25,909.23.  For a variable loan, after your starting rate is set, your rate will then vary with the market. Fixed APR: A $10,000 loan with a 20-year term (240 monthly payments of $117.37) and a 13.03% APR would result in a total estimated payment amount of $28,169.13.

Loan Eligibility criteria: Your debt is from paying for education at a Title IV accredited school. The debt is from your education or your child’s. The debt you’re refinancing is for a completed degree or one that will be completed at the end of this semester. You are currently the primary borrower on the student loans you would like to refinance, and you will remain the primary borrower after refinancing. You must reside in the District of Columbia or one of the 48 states Earnest Operations LLC is authorized to lend in (all but Kentucky and Nevada). This is strictly a student loan refinance product. There is no opportunity to borrow more than your outstanding qualifying student loan amount. You must be the age of majority in your state or older at the time you apply, as well as be a United States citizen or Permanent Resident Alien without conditions. Refinancing is subject to credit qualifications. Please note, that we are not able to offer variable rate loans in AK, IL, MN, NH, OH, TN, and TX.

You may lose benefits associated with your underlying federal and/or private loans if you refinance such as federal Income-driven Repayment Plans, Economic Hardship Deferment, Public Service Loan Forgiveness, or other deferment and forbearance options. If you file for bankruptcy, you may still be required to pay back this loan.

Earnest Loans are made by Earnest Operations LLC. Earnest Operations LLC, NMLS #1204917. 535 Mission St., Suite 1663, San Francisco, CA 94105. California Financing Law License 6054788. Visit for a full list of licensed states. For California residents: Loans will be arranged or made pursuant to a California Financing Law License.

 Earnest loans are serviced by Earnest Operations LLC with support from Navient Solutions LLC (NMLS #212430). Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by agencies of the United States of America.

 © 2022 Earnest LLC. All rights reserved.

Earnest reserves the right to change or discontinue this program at any time without notice.

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