MentorWorks Education Capital vs Earnest

Struggling to choose between MentorWorks Education Capital and Earnest? Both products offer unique advantages, making it a tough decision.

MentorWorks Education Capital is a Education & Reference solution with tags like financing, education, loans, career-training.

It boasts features such as Income share agreement financing, Deferred tuition financing, Short-term working capital financing, Custom financing structures and pros including Provides alternative financing options for skills-based education programs, Allows students to defer tuition until after graduation, Expands access to educational opportunities.

On the other hand, Earnest is a Ai Tools & Services product tagged with ai, machine-learning, lending, loans, fintech.

Its standout features include AI/machine learning-based credit evaluation, Personal loans, Student loan refinancing, Medical loan refinancing, and it shines with pros like 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.

Feature	MentorWorks Education Capital	Earnest
Overall Score	N/A	N/A
Primary Category	Education & Reference	Ai Tools & Services

Product Overview

MentorWorks Education Capital

Description: MentorWorks Education Capital is a fintech company that provides flexible financing and repayment solutions for career accelerators, bootcamps, and other skills-based educational programs.

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.

Key Features Comparison

MentorWorks Education Capital Features

• Income share agreement financing
• Deferred tuition financing
• Short-term working capital financing
• Custom financing structures

Earnest Features

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

Pros & Cons Analysis

MentorWorks Education Capital

Pros

• Provides alternative financing options for skills-based education programs
• Allows students to defer tuition until after graduation
• Expands access to educational opportunities

Cons

• Students take on debt and repayment risk
• Less flexible than traditional student loans
• Limited to certain types of educational programs

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

Pricing Comparison

MentorWorks Education Capital

• Subscription-Based
• Custom Pricing

Earnest

• Subscription-Based