Whether or not you’ve advanced in income, credit, or career since you were a student, refinancing or consolidating your student loans is recommended. Earnest offers both lower rates and a more personalized financial experience than other lenders by doing a full data-driven evaluation of your financial profile. While providing better rates than some other lenders, Earnest may be harder to qualify for but luckily it just takes 2 minutes to get their estimated rate. Once your loan application is approved, Earnest lets you choose a variable or fixed rate and set up your minimum monthly payment to whatever you feel comfortable with. According to Earnest, clients who choose to refinance their student loans with them save on $30,939 over the term of their loan.