Laurel Road Student Loans vs Earnest Student Loans

	Laurel Road Student Loans	Earnest Student Loans

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		OFFER Refinance Student Loans - Learn More Read Earnest Review
	Benefits and Features
Variable APR	2.99%-6.42%	5.99% - 9.74% APR (includes 0.25% autopay discount)
Fixed APR	3.5%-6.99%	5.19% - 9.74% APR (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 Requirements	Must be employed or have an offer	Must 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

Loan Term
Customer Service
Ease of Use
Interest Rates
Payment Flexibility
Pros & Cons		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 Line		Merit-based lender with custom terms... Read full review
		Refinance Student Loans
Laurel Road: Pricing information from published website as of 03/18/2018 Earnest: Pricing information from published website as of 11/28/2023

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