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Earnest Student Loans vs Laurel Road Student Loans

Earnest is a merit-based lender with custom terms. How does it compare to Laurel Road? 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 Laurel Road offers some of the most competitive refinance rates. There is no cap on the amount you can refinance, so it's a good choice for professionals who got a MBA, medical, or law degree. Minimum $5,000 in loans to be eligible.

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

 Earnest Student LoansLaurel Road Student Loans
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Earnest Student Loans

Laurel Road Student Loans

SPECIAL OFFER
Refinance Student Loans - Learn More

Read Earnest Review

 

Benefits and Features

Variable APR2.05% - 6.49% (includes 0.25% autopay discount)
2.99%-6.42%
Fixed APR3.45% - 6.99% (includes 0.25% autopay discount)
3.5%-6.99%
Minimum Amount
$5,000
$5,000
Maximum Amount
$500,000
No maximum
Loan TermCustom term from 5 to 20 years (180 term options)
5 to 20 years
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
Bachelor's or higher
Income Requirements
None
None
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
No
No
Origination Fees
None
None
Prepayment Penalty
None
None
Can Use a Cosigner
No
Yes
Can Release a Cosigner
Only on existing loans
Varies case by case
Auto-Pay Interest Rate Reduction
Yes
Yes
Soft Credit Check
Yes
Yes
Unemployment Protection
Yes
Yes
 

CreditDonkey® Reviews

 Earnest Student LoansLaurel Road 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
Cons:
  • Tougher requirements
  • No co-signer option
Pros:
  • Low repayment options for medical residency
  • Keep federal grace period
  • Forgiveness is available due to disability
Cons:
  • No mobile app
  • Forbearance options are on a case-by-case basis
Bottom LineMerit-based lender with custom terms... Read full reviewGood option to maintain your federal loan grace period... Read full review
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Refinance Student Loans

Earnest: Pricing information from published website as of 10/11/2019

Laurel Road: Pricing information from published website as of 03/18/2018

Which is Better: Earnest or Laurel Road?

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

In short: Earnest's interest rates is outstanding.


Articles on Earnest Student Loans


Articles on Laurel Road Student Loans

    Laurel Road

    If your student loan interest is too high, consider refinancing with Laurel Road. But wait. Read this review to learn how it works and what to watch out for.

Which Do You Think is Best?


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About CreditDonkey®
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.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.