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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
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Laurel Road Student Loans

Earnest Student Loans

SPECIAL OFFER
Refinance Student Loans - Learn More

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Benefits and Features

Variable APR
2.99%-6.42%
1.81% - 6.49% (includes 0.25% autopay discount)
Fixed APR
3.5%-6.99%
3.45% - 6.99% (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 11/6/2019

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?


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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.

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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.