Earnest vs Student Loan Hero

Struggling to choose between Earnest and Student Loan Hero? Both products offer unique advantages, making it a tough decision.

Earnest is a Ai Tools & Services solution with tags like ai, machine-learning, lending, loans, fintech.

It boasts features such as AI/machine learning-based credit evaluation, Personal loans, Student loan refinancing, Medical loan refinancing and pros including Potentially get approved for a loan with a low credit score, Lower interest rates than traditional lenders for some borrowers, Fast online application process, No origination fees, No prepayment penalties.

On the other hand, Student Loan Hero is a Education & Reference product tagged with student-loans, debt-management, financial-planning.

Its standout features include Student loan calculator, Student loan repayment estimator, Student loan consolidation calculator, Student loan forgiveness eligibility checker, Budgeting tools, Financial tips and advice, Resources and guides for managing student loans, and it shines with pros like Free to use, Easy to understand resources and tools, Helps optimize student loan repayment, Provides personalized advice and recommendations, Simplifies the student loan process.

Feature	Earnest	Student Loan Hero
Overall Score	N/A	N/A
Primary Category	Ai Tools & Services	Education & Reference

Product Overview

Earnest

Description: Earnest is a lending platform that uses artificial intelligence and machine learning to evaluate loan applications. It provides personal loans and refinancing for student loans and medical loans. Earnest aims to provide affordable loan rates based on the applicant's credit profile and earning potential rather than credit score alone.

Student Loan Hero

Description: Student Loan Hero is a free online tool that helps students manage their student loans. It provides advice, calculators, and resources to understand repayment options, save money on loans, and pay them off faster.

Key Features Comparison

Earnest Features

• AI/machine learning-based credit evaluation
• Personal loans
• Student loan refinancing
• Medical loan refinancing

Student Loan Hero Features

• Student loan calculator
• Student loan repayment estimator
• Student loan consolidation calculator
• Student loan forgiveness eligibility checker
• Budgeting tools
• Financial tips and advice
• Resources and guides for managing student loans

Pros & Cons Analysis

Earnest

Pros

• Potentially get approved for a loan with a low credit score
• Lower interest rates than traditional lenders for some borrowers
• Fast online application process
• No origination fees
• No prepayment penalties

Cons

• High minimum credit score requirement (680)
• High debt-to-income ratio requirement (50%)
• No cosigners allowed
• Limited loan amounts
• Only available in certain states

Student Loan Hero

Pros

• Free to use
• Easy to understand resources and tools
• Helps optimize student loan repayment
• Provides personalized advice and recommendations
• Simplifies the student loan process

Cons

• Limited to student loan management, not full financial planning
• May not integrate with all student loan servicers
• Does not provide investment or retirement planning
• No mobile app, web-based only

Pricing Comparison

Earnest

• Subscription-Based

Student Loan Hero

• Free