I previously had my loans at So Fi, but I heard of Earnest through a friend and I decided to look into them.I found that they were super easy to deal with, have very flexible terms, and amazing interest rates. After some time, I decided to shop around for some lower interest rates, and Earnest offered to lower my interest and match what the competitors were giving me!We look at data other lenders don’t, like savings, education, and earning potential.This helps us build a better picture of your full financial profile so that we can offer our clients the lowest possible rates on their loans.
Refinancing student loans, on the other hand, is a step beyond consolidation.Moreover, the application process wasn't entirely friendly.They work with you to a degree, but it's nothing to write home about.I would recommend Earnest to all of my friends and family! Originally, I was on a variable rate that started to climb. Earnest offers a progressive take on lending, and surely they're able to approve many applicants that other lenders would not.I started the process to refinance with another company when the folks at Earnest reached out to see if they could modify my loan to similar rates. My previous student loan company (Navient) clearly did not care about me or my repayment goals. I was able to get updates via chat whenever I needed one, and overall the experience is great. They do this by examining an applicant's holistic financial picture, rather than focusing on factor (like credit score).I was paying 10.5% variable interest on my student loans - by variable I mean only getting variably higher every 6 months. I shopped around a little bit and Earnest gave me the best options to choose from.