Stories Related to Earnest: Giving Student Loan Borrowers Refinancing Flexibility

.article__image { visibility: hidden; display: none; } Is Earnest the Choose Your Own Adventure of student loan refinancing? Maybe. The company gives borrowers an unusual degree of autonomy, including the ability to switch between variable and fixed rates at no charge, skip one payment per year and set their own payment amounts and loan terms. Earnest calls it “precision pricing”: Borrowers can use a slide tool to view possible interest rates and loan terms for different monthly payment amounts, then choose their preferred monthly payment — even if it corresponds to an irregular loan term, such as eight years and seven months. “Not only do we give you a loan agreement for eight years and seven months, we also give you that interest rate, instead of charging you a 10-year interest rate,” says CEO Louis Beryl.