To entrepreneurs like Louis Beryl, it represents an enormous opportunity to help graduates like you find a way to save on your student loans.

Beryl is the cofounder of Earnest, a student loan refinancing lender that hopes to reward financially responsible graduates with flexible terms and lower interest rates.

A different approach to underwriting In the past, it could be tricky to track down the banks that offered private student loans and student loan refinancing.

Beryl says a big goal of Earnest is to reward financially responsible people with a better loan.

A more flexible loan Earnest is different in more ways than its underwriting process.

The biggest risk is using a private loan to refinance federal student loans.

Earnest lets you consolidate both federal and private loans into one refinance loan.