Three Options, Different Strengths
Refinancing student loans can lower your rate, reduce your payment, or both. SoFi, Earnest, and Splash approach borrowers differently. The right choice depends on your balance, credit profile, and what you're optimizing for.
Use the Student Loan Calculator on DebtCalc to model your current loan against potential refinanced terms before you apply. Knowing your break-even point matters more than the rate alone.
SoFi
The largest student loan refi lender, offering fixed and variable rates with no maximum loan amount. Strengths: unemployment protection that pauses payments, career coaching, strong mobile app. Rates are competitive but not always lowest. Best for borrowers who value perks alongside a good rate.
Earnest
Lets you customize payment date and monthly amount down to the dollar. Underwrites on your full financial profile, not just credit score — good for borrowers with strong savings but shorter credit histories. Zero fees: no origination, no late, no prepayment. Best for maximum repayment flexibility.
Splash
A marketplace connecting you with multiple lenders through one application. You see competing offers without multiple hard pulls. Splash doesn't lend — it matches. Useful for comparison shopping, but your experience depends on the matched lender.
Which One Fits?
Full-service with protections: SoFi. Granular control and flexible underwriting: Earnest. Multiple offers at once: Splash. Run your numbers through the Student Loan Calculator first — if refinancing doesn't save at least $100/month or cut your timeline significantly, it may not be worth the switch.