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CommonBond Student Loans vs Earnest Student Loans

CommonBond is a community-focused lender with unique hybrid rate option. How does it compare to Earnest? Read our comparison chart below.

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.

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

 CommonBond Student LoansEarnest Student Loans
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CommonBond Student Loans

Earnest Student Loans

Refinance Student Loans - Learn More

Read CommonBond Review

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Read Earnest Review


Benefits and Features

Variable APR
2.43% to 6.59% (with AutoPay)
1.99% - 6.23% (includes 0.25% autopay discount)
Fixed APR
3.49% to 8.07% (with AutoPay)
3.19% - 6.23% (includes 0.25% autopay discount)
Minimum Amount
Maximum Amount
Up to $500,000
Loan Term5 to 20 years; Hybrid loans are 5 years of fixed payments and 5 years of variable paymentsCustom 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
Associates or higher
Associates or higher
Income Requirements
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
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

 CommonBond Student LoansEarnest Student Loans
Customer Service
Loan Term
Ease of Use
Interest Rates
Payment Flexibility
Pros & ConsPros:
  • Hybrid program
  • Payment protections
  • Social mission
  • Not available for all states
  • Long process to approval
  • Looks beyond your credit score
  • Custom term based on budget
  • Option to skip one payment every 12 months
  • Tougher requirements
  • No co-signer option
Bottom LineCommunity-focused lender with unique hybrid rate option... Read full reviewMerit-based lender with custom terms... Read full review
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Refinance Student Loans

Refinance Student Loans

What Others View

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

Earnest: Pricing information from published website as of 07/13/2020

Which is Better: CommonBond or Earnest?

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

In short: CommonBond's payment flexibility is excellent.

Articles on CommonBond Student Loans

Articles on Earnest Student Loans

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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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