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The entire process of refinancing one of my student loans was incredibly easy. After comparing rates from different companies, I chose to go with Earnest because they had the best rates options for my situation.
Earnest has extremely competitive rates - certainly the lowest among the places I searched by a decent margin.
When you refinance multiple loans, the lender will evaluate your current financial profile to provide a rate that reflects your financial progress since you originally took out the loans. Our payment is a bit higher but at least now we know our rate is the best we can get, it will not fluctuate and we are confident that we will have it paid off in 5 years. Online interface could be improved (especially as compared to So Fi's). I started the process and found that as I went each step of the way, instructions were clear and easy to follow. Everything fell into place and all was done relatively quickly.
They took care of everything and made the transfer of my student loan easy and flawless. Each time my response was received complete and timely. I was in the trenches for quite some time before I came across Earnest.
I appreciate all that Earnest has done for my family. Many refinancers didn't want to consolidate federal and private, many others had a much longer application process and their interest rates did not come close to what Earnest could offer me.
I was looking to get a lower interest rate and Earnest was the answer. Now, I am finally able to see light at the end of the tunnel with my student loans!
Perhaps, I could have received a better rate elsewhere.
Moreover, the application process wasn't entirely friendly.
I was able to refinance my student loans for less than half of the interest I was paying before.