SAN FRANCISCO, November 11, 2021 / PRNewswire / – Serious, a financial technology company dedicated to making higher education accessible and affordable for all, today announced that it has become the largest student loan refinancer in the United States by origination volume. Earnest’s student loan refinancing origination volume (including origination volume under the Earnest and NaviRefi brands) reached $ 4.4 billion in fixtures in the first three quarters of 2021, 57% more than the next closest competitor.
“Earnest has always focused on empowering people with the capital they need to live better lives,” said Earnest CEO David Green. “Student loan borrowers appreciate a simple, straightforward refinancing option that makes their life easier. Becoming the largest refinancer in the market is a testament to the quality of our refinancing product, and we are proud to have helped so many people improve their financial situation.
Earnest has been refinancing student loans since 2015, helping over 180,000 borrowers refinance over $ 16.5 billion in student debt and empower them to repay their student loans on their own terms. In 2019, the company showcased its private student loan offering with one of the fastest application processes available, delivering results in under two minutes. In 2021, Earnest also acquired the Going Merry financial aid and scholarship application platform to continue its mission of making higher education accessible and affordable to all and minimizing the debt that students must incur in the first place.
“People in debt deserve clear, understandable student loan refinancing options that give them the flexibility they need to achieve financial stability. That’s why more and more people are choosing Earnest, ”said Lena Chukhno, Earnest’s Managing Director for Student Loan Refinancing. “Earnest strives to provide the highest savings, the easiest application experience, and exceptional customer service. By choosing us, clients can consolidate their private and federal loans, shorten the repayment period, and ultimately save money, thereby gaining more freedom over their financial future.
For more information on Earnest, visit www.earnest.com.
Earnest is an education-focused fintech lender with a mission to make higher education accessible and affordable for everyone. Founded in 2013 on the belief that financially responsible people deserve better options and better access to credit, Earnest’s loan products enable anyone wishing to pursue higher education to reduce the total cost of their studies, to increase their ability to pay off student debt and make the right choice. fast financial way.
Earnest is a subsidiary of Navient (Nasdaq: NAVI). Learn more about serious.com.
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