CreditDonkey is a student loan comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†







Earnest Student Loans vs SoFi Student Loans

Earnest is a merit-based lender with custom terms. How does it compare to SoFi? 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 SoFi is one of the largest student loan refinancing providers. It refinances both federal and private loans, as well as Parent PLUS loans. It offers loan terms from 5 to 20 years. One unique benefit is that SoFi offers complimentary career coaching to borrowers out of work. Minimum $5,000 in loans to be eligible.

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

 Earnest Student LoansSoFi Student Loans
 Learn MoreLearn More
 

Earnest Student Loans

SoFi Student Loans

SPECIAL OFFER
Refinance Student Loans - Learn More

Read Earnest Review

SPECIAL OFFER
Refinance Student Loans - Learn More

Read SoFi Review

 

Benefits and Features

Variable APR2.41% - 6.99% (includes 0.25% autopay discount)2.430% to 6.650% APR (with AutoPay).
Fixed APR3.36% - 7.82% (includes 0.25% autopay discount)3.49% to 8.074% APR (with AutoPay)
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
Associates 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 to start within 90 days
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
No
Auto-Pay Interest Rate Reduction
Yes
Yes
Soft Credit Check
Yes
Yes
Unemployment Protection
Yes
Yes
 

CreditDonkey® Reviews

 Earnest Student LoansSoFi 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:
  • Keep federal grace period
  • Refinance Parent Plus loans
Cons:
  • Must have great credit score
Bottom LineMerit-based lender with custom terms... Read full reviewGood option if you have a great credit score... Read full review
 Learn MoreLearn More

Refinance Student Loans

Refinance Student Loans

 Terms Apply. SoFi Disclaimers
What Others View

    Earnest: Pricing information from published website as of 06/24/2019

    SoFi: Pricing information from published website as of 06/05/2019

    Which is Better: Earnest or SoFi?

    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.


    Articles on Earnest Student Loans


    Articles on SoFi Student Loans

      SoFi

      Is student loan refinancing a good idea? Is SoFi legit? Is NOW a good time to refinance? Read on. The answers may surprise you.

    Which Do You Think is Best?


    You Might Also Like

      Credible

      Credible Student Loan Refinance Review: Is It Legit?

      Credible helps you easily compare offers from multiple student loan refinance lenders. It this free service good? Read on to learn how it works.

      LendKey Review

      Saving thousands of dollars on your student loans sounds perfect, and that's just what LendKey promises. Is it the real deal, though?

      Best Student Loan Refinance

      Refinancing your student loans is a smart money move. You'll need to start by finding the best provider. Here's a list of our top recommended student loan refinancing companies.

      Should You Consolidate Your Student Loans?

      Consolidating your student loans may lower your payments. But is it always a good idea? Learn the pros and cons of student loan consolidation and refinancing.

      Laurel Road Student Loan Review: Pros and Cons

      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.

      CommonBond Review: Is It Legit?

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

    Compare Earnest to:


    You might also be interested in

    Medical School Loans

    Medical school can lead to a lucrative career as a doctor. But the price tag is pretty steep. Read on to learn how you can afford med school without risking your financial future.

    Compare SoFi to:


    Next Page:

    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.