Refinance your Discover Student Loans with Earnest | Earnest
Discover is exiting the private student loan business. If you have a student loan with Discover, it will be transferred to a new servicer this year and then sold to another lender at a later date.
Refinance Student Loans
Discover support every step of the way
Get the care you deserve. When you refinance your student loans with Earnest, you get in-house servicing, lifetime support, and so much more.
Fixed
APR Starting at
0%
Variable
APR Starting at
0%
( including 0.25% Auto Pay discount )
$26 billion
Total Student Loans Refinanced
460,000+
Happy Clients Earned
)
Excellent — 4.7 out of 5
As was announced by the U.S. Department of Education (ED), federal student loans have resumed accruing interest starting September 1, 2023, and federal student loan payments were reinstated starting in October. Please note that you may lose benefits associated with your underlying federal loans, such as federal Income-driven Repayment Plans (an example of which is the SAVE plan), Economic Hardship Deferment, Public Service Loan Forgiveness, or other deferment and forbearance options, if you refinance into a private loan. If you file for bankruptcy, you may still be required to pay back this loan. See https://studentaid.gov for more information.
Discover is exiting the private student loan business
If you need another student loan, you won’t be able to get one from Discover. Additionally, if you have a student loan with Discover, it will be transferred to a new servicer this year and then sold to another lender at a later date.
The Earnest difference
Refinancing made personal
Easy to manage
Make payments and track your progress in one place with one account until your loan is paid off.
Immediate support
Talk to a student loan specialist in under 2 minutes (yes, really).
No switches, ever
Protect yourself from transfer errors, delays, late payment fees, and extra interest.
Why Earnest?
Flexible options to help you save
With Earnest, you get the options you need to refinance your student loans to fit your life. And the option to refinance later when life changes.
Check your rate in 2 minutes with no credit impact
Apply in under 10 minutes
Most get a decision within 48 hours
Choose how much you want to pay
Select monthly or biweekly payments
Get 0.25% off your rate with Auto Pay
Enjoy absolutely no fees
Skip a payment without penalties
Learn More About Refinancing Student Loans
Refinance Private vs Federal Student Loans
Refinancing federal student loans is not the same as refinancing private student loans.
Refinance vs. Consolidating
The difference between refinancing and consolidating student loans, which one is right for you?
What is Student Loan Refinancing
Find out what student loan refinancing is, how it works, and how it could benefit you.
Find a low interest rate
We work hard to give you low rates to help you pay off your debt faster
Variable
5.58%APR
( including 0.25% Auto Pay discount )
Fixed
3.94%APR
( including 0.25% Auto Pay discount )
These are our lowest starting rates and contain our 0.25% Auto Pay discount from a checking or savings account. Some borrowers may see higher rates based on their credit. Variable rates not available in AK, IL, MN, NH, OH, TN, and TX.
How it works
Check your rate in 3 minutes
Get a quick rate estimate with no impact to your credit score.
Submit an application
Fill out your application online or over the phone to secure a low rate.
Customize your loan
Choose your rate, term, and payment amount that works for your budget.
Why Earnest?
Here’s why our clients love us
“Happy I found Earnest
The approval process was much better than other companies and truly focused on helping people reduce their interest rates.”
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— Lauren
“The best place to refinance
In only 5 minutes I was approved at half the monthly cost and interest percentage! I'm glad I went through Earnest!”
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— Ryan
“What a relief
Compared with other refinance options, Earnest offered me the best rate and was the most transparent.”
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— Stephanie
“Earnest is awesome
Got a much better rate with them and was able to refinance again when my credit score got better!”
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— Sabrina
“Such a stress-reliever
For the first time, it feels like I may be able to actually pay down my student loan debt and have some control over my future.”
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— Courtney
The right partner matters
See why Earnest is the top choice
Get the FAQs on student loan refinancing
Should I refinance my student loans?
What if I’m considering student loan refinancing during the pandemic or have a pending application?
When should I refinance my student loans?
Can I refinance only my high-interest loans?
Is it possible to refinance both federal and private student loans?
What credit score do I need to refinance my student loans?
Does refinancing student loans hurt your credit?
Do I have to be a U.S. Citizen or Permanent Resident?
How do I refinance my student loans?
Do you offer a rate discount?
What’s the difference between an APR and an interest rate?
The Earnest Blog
Read up on student loan refinancing
How Often Can You Refinance Student Loans?