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†







Laurel Road Student Loans vs Earnest Student Loans

Laurel Road is a good option to maintain your federal loan grace period. How does it compare to Earnest? Read our comparison chart below.

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.

While 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.

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

 Laurel Road Student LoansEarnest Student Loans
 Learn MoreLearn More
 

Laurel Road Student Loans

Earnest Student Loans

SPECIAL OFFER
Refinance Student Loans - Learn More

Read Earnest Review

 

Benefits and Features

Variable APR
2.99%-6.42%
2.41% - 6.99% (includes 0.25% autopay discount)
Fixed APR
3.5%-6.99%
3.47% - 7.72% (includes 0.25% autopay discount)
Minimum Amount
$5,000
$5,000
Maximum Amount
No maximum
$500,000
Loan Term
5 to 20 years
Custom term from 5 to 20 years (180 term options)
State Residency
All states eligible
Most 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
Degree Requirements
Bachelor's or higher
Associates or higher
Income Requirements
None
None
Employment RequirementsMust be employed or have an offerMust be employed or have an offer for a position to start within 6 months
Interest Only Payments
No
No
Origination Fees
None
None
Prepayment Penalty
None
None
Can use a cosigner
Yes
No
Can release a cosigner
Varies case by case
Only on existing loans
Auto-Pay Interest Rate Reduction
Yes
Yes
Soft Credit Check
Yes
Yes
Unemployment Protection
Yes
Yes
 

CreditDonkey® Reviews

 Laurel Road Student LoansEarnest Student Loans
Customer Service
Loan Term
Ease of Use
Interest Rates
Payment Flexibility
Pros & ConsPros:
  • 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
Pros:
  • 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
Bottom LineGood option to maintain your federal loan grace period... Read full reviewMerit-based lender with custom terms... Read full review
 Learn MoreLearn More

Refinance Student Loans

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

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

Which is Better: Laurel Road or Earnest?

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

In short: Earnest's interest rates is outstanding.


Articles on Laurel Road Student Loans


Articles on Earnest Student Loans

    Earnest

    Earnest offers low student loan refinance rates and customizes payments based on your budget. But approval may be harder. Read on for the pros and cons.

Which Do You Think is Best?


You Might Also Like

    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.

    FedLoan: What You Need to Know

    Is FedLoan your student loan servicer? Read on for everything you need to know. Learn how to avoid common (and costly) problems.

    10 Grants to Pay Off Student Loans

    It's possible to pay down student loans without money from your own pocket. Graduates in certain fields have free money waiting for them. You just have to know where to look.

    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.

    SoFi Review: Student Loan Refinance Worth It?

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

    24 Best Ways to Pay Off Student Loans Fast

    Paying off student loans takes hard work, but you can do it. Learn how to pay off your debt faster with these 24 smart strategies.

Compare Laurel Road 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 Earnest 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.