Consolidating college access loans
When comparing rates from different lenders, be sure to pay attention to additional key differences, such as fees, before making a final decision (Earnest has no fees, for what it’s worth).
The next step is to submit an application, and provide any additional required verification, such as IDs or pay stubs.
We’ve put together a library of essential resources (like how-to guides, comparisons, and calculators) to help you make better choices when it comes to refinancing student loans.
There are many reasons to consider refinancing your student loan debt: Student loan refinancing rewards your financial progress and can save you money over the life of the loan.Here at Earnest, the entire application process is online, and you could have your new low interest rate loan in less than a week.It’s possible to consolidate federal student loans (Federal Perkins, Direct subsidized, Direct unsubsidized, and Direct PLUS loans) with a Direct Consolidation Loan from the Department of Education, but this will not allow you to lower your interest rate and private student loans are not eligible. The longer you hold your loan at a higher rate, the more interest you are accruing—even if you are in a grace period.Fixed interest rate loans often start with a higher interest rate, but that rate is locked in for the life of the loan.
Variable interest rate loans typically start with a lower interest rate, but the rate can go up and down—along with your monthly payment. We’re proud to offer some of the lowest rates available.The DEAL Consolidation Loan is for non-North Dakota residents who have a DEAL Student Loan.