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Earnest Student Loans vs CommonBond Student Loans

Earnest is a merit-based lender with custom terms. How does it compare to CommonBond? Read our comparison chart below.

Earnest sets itself apart by taking a more personalized approach to lending. Instead of just looking at your credit score, Earnest also considers your job, savings habits, and how you handle finances. It offers flexibility in payments, with the option to switch between fixed and variable rates. You also can skip a payment every 12 months without penalty. Minimum $5,000 in loans to be eligible.

While CommonBond is a student loan refinance provider focused on community. It has a strong community that hosts networking events and career assistance. In addition, it has a social mission to fund the education of global students in need. CommonBond offers both fixed and variable rate loans, as well as a hybrid loan. Minimum $5,000 in loans to be eligible.

Compare Earnest with CommonBond, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Earnest Student LoansCommonBond Student Loans
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Earnest Student Loans

CommonBond Student Loans

Refinance Student Loans - Learn More

Read Earnest Review

Refinance Student Loans - Learn More

Read CommonBond Review


Benefits and Features

Variable APR2.41% - 6.99% (includes 0.25% autopay discount)
2.43% to 6.59% (with AutoPay)
Fixed APR3.47% - 7.72% (includes 0.25% autopay discount)
3.49% to 8.07% (with AutoPay)
Minimum Amount
Maximum Amount
Up to $500,000
Loan TermCustom term from 5 to 20 years (180 term options)5 to 20 years; Hybrid loans are 5 years of fixed payments and 5 years of variable payments
State ResidencyMost states with the exception of: DE, KY, and NV and no variable rate loans to residents of: AK, IL, MN, NH, OH, TN and TX
All states eligible
Degree Requirements
Associates or higher
Associates or higher
Income Requirements
Employment RequirementsMust be employed or have an offer for a position to start within 6 monthsMust be employed or have an offer
Interest Only Payments
Origination Fees
Prepayment Penalty
Can use a cosigner
Can release a cosigner
Only on existing loans
Auto-Pay Interest Rate Reduction
Soft Credit Check
Unemployment Protection

CreditDonkey® Reviews

 Earnest Student LoansCommonBond Student Loans
Customer Service
Loan Term
Ease of Use
Interest Rates
Payment Flexibility
Pros & ConsPros:
  • Looks beyond your credit score
  • Custom term based on budget
  • Option to skip one payment every 12 months
  • Tougher requirements
  • No co-signer option
  • Hybrid program
  • Quick process - once approved funds will pay your loans within 2 weeks
  • Your state eligibility may restrict options
  • Long process to approval
Bottom LineMerit-based lender with custom terms... Read full reviewGood if you want to switch between variable and fixed rates... Read full review
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Refinance Student Loans

Refinance Student Loans

What Others View

    Earnest: Pricing information from published website as of 07/18/2019

    CommonBond: Pricing information from published website as of 6/19/2019

    Which is Better: Earnest or CommonBond?

    Still need help deciding which student loans is better? Read the in-depth reviews below. You may also be interested in comparing Earnest or SoFi.

    In short: CommonBond's payment flexibility is excellent.

    Articles on Earnest Student Loans

    Articles on CommonBond Student Loans

      CommonBond Reviews

      CommonBond offers competitive rates for student loan refinance along with a strong social mission. Is it right for you? See the pros and cons.

    Which Do You Think is Best?

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    CreditDonkey is a student loan comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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