Rankings: The 100 Best Cities to Work in Tech

 December 3, 2018
How Student Loan Hero Gets Paid

How Student Loan Hero Gets Paid

Student Loan Hero is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). Student Loan Hero does not include all lenders, savings products, or loan options available in the marketplace.

Advertiser Disclosure

Student Loan Hero Advertiser Disclosure

Student Loan Hero is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products.

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

best cities for IT jobs
Logo

We’ve got your back! Student Loan Hero is a completely free website 100% focused on helping student loan borrowers get the answers they need. Read more

How do we make money? It’s actually pretty simple. If you choose to check out and become a customer of any of the loan providers featured on our site, we get compensated for sending you their way. This helps pay for our amazing staff of writers (many of which are paying back student loans of their own!).

Bottom line: We’re here for you. So please learn all you can, email us with any questions, and feel free to visit or not visit any of the loan providers on our site. Read less

The majors that college students choose can have a big impact on their earnings, both after graduation and throughout their careers.

One of the highest-paying college majors is computer science. 2018 graduates with this degree are projected to earn starting salaries averaging over $66,000 a year, according to the National Association of Colleges and Employers.

Selecting a major is not the only major decision facing computer science and technology students. Leading up to graduation, they’ll need to start looking for their first jobs out of college. And they’ll need to consider the cities in which they’ll live. After all, location can affect how much they earn in their position and how far that pay will go.

Our new rankings look at data from the U.S. Bureau of Labor Statistics (BLS) to find the cities in each major U.S. region that offer the best pay to computer and information technology (IT) professionals.

Key findings

  • Local pay matters, but so does cost of living. To rank well, cities had to offer some of the highest pay across eight IT professions after cost of living was taken into account. Cities that ranked higher are those where educated tech workers earn high pay relative to their living expenses.
  • The South offers the best deal to tech professionals. Of the top 20 cities in our rankings, 17 are in southern states. And nearly half of the top 100 cities for tech professionals can be found in the South.
  • Tech professionals command wages well above average. For the lowest-paying occupation we surveyed, web developers, the median annual pay was $67,990 a year — nearly twice the national median pay of $37,690 for all occupations. The highest-paying tech professionals are computer network architects, who earn a median of $104,650 a year.

Top 5 cities for tech professionals in each region


Our rankings were designed to identify the cities in each U.S. region that offer the best financial situations to tech professionals. To do so, we used data from the BLS to compare pay in different cities for eight IT jobs that require a college education, adjusted for the local cost of living.

Here are the eight tech occupations we surveyed, along with the best region to find such a job, according to our study results:

Tech occupation Best region
Computer systems analyst Midwest
Information security analyst West
Computer programmer South
Software systems developer South
Web developer South
Database administrator Midwest
Computer network administrator South
Computer network architect Northeast

The top-ranking cities had some of the highest salaries for the jobs considered, relative to local prices and living expenses. In other words, college-educated tech professionals should consider living in these top cities if they want to earn the most and see their paycheck go the furthest.

Our study revealed that the South is a standout region for tech jobs. It’s home to 47 cities that were ranked among the top 100 on our list. Here’s the number of cities in each region that made it into the top 100:

  • South: 47
  • Midwest: 24
  • West: 18
  • Northeast: 11

As mentioned, the South is a clear standout for tech professionals. In fact, the top five cities in this region are also the best in the nation overall.

While the region tends to offer lower living costs to residents, tech workers can still expect incomes that are relatively high. Several cities in the Midwest offer a similarly favorable scenario to tech professionals.

Here’s a closer look at the best metropolitan areas for tech professionals in each U.S. region.

Top 5 cities for tech professionals in the South

1. Hinesville, Georgia

Georgia was ranked as one of the best states to live in if you have student debt. And one factor that works in favor of Hinesville residents is local costs, which are nearly 10% lower than the national average cost of living. Yet tech workers here earn some of the highest pay in the nation, relative to local prices.

Local computer systems analysts make $92,000 a year while software systems developers earn $107,430 on average. Both salaries are more than double the average annual wage in Hinesville of $42,660, as reported by the BLS.

2. Charlotte, North Carolina

Charlotte is one of the best cities in the nation to earn a living as a software systems developer or computer network architects. Annual wages for these jobs average $112,320 and $112,840, respectively, in Charlotte — well over double the local average wage of $50,150.

Even better, local prices are below the national average by 6.5%. So these high incomes will go further in Charlotte.

3. Hattiesburg, Mississippi

The main factor that put Hattiesburg at the top of this list is its low cost of living, which is around 18% below the national average.

Yet while local prices are low, tech professionals still earn a great income here. A typical worker makes $37,500 a year in Hattiesburg, but tech professionals make more than twice that amount.

In particular, computer systems analysts earn relatively high pay in this area, earning $78,780 on average. So do computer network administrators, with earnings that average $80,810 a year.

4. New Bern, North Carolina

Like the cities listed above, New Bern has a low cost of living, with expenses that are nearly 16% lower than the national average.

Still, New Bern continues the trend here of top cities where costs are low and some local tech professionals earn about double the local average income. While a typical worker here earns $42,490 a year, computer systems analysts average $83,430 and computer network administrators make $76,600.

5. California, Maryland

Unlike the other top cities in the South, California’s living costs are about on par with the national average. But the city has higher wages, with an average of $70,860, and offers similarly high salaries to local tech professionals.

Web developers are particularly well paid here, earning $90,610 a year on average. Computer systems analysts also come out ahead in this Maryland city, with the local average wage for this occupation at $98,580.

Top 5 cities for tech professionals in the Midwest

1. St. Louis

The cost of living in St. Louis is about 9% less than the national average, which can make it an affordable place for tech graduates to live and work.

This is especially true for the city’s top-paying tech jobs. Database administrators earn $95,320 a year here, on average. Computer systems analysts average $90,780. Such incomes are substantially higher than the average $49,180 annual wage for St. Louis workers.

2. Monroe, Michigan

Relative to local costs, Monroe offers one of the highest average salaries for local computer systems analysts in the nation. At $99,710, the occupation pays more than twice the local average pay of $43,900 a year.

Computer network administrators won’t command the same high pay, averaging $75,220 a year. But the cost of living in Monroe is 6% below the national average. So even those in this position can stretch their income.

3. Columbus, Ohio

Columbus residents pay 7% less to cover their basic costs than the national average, and locals earn a decent $50,020 on average. This sets most locals up for a decent living in this Ohio city.

The situation is better for tech workers. Columbus offers some of the best pay for database administrators ($97,280). And computer network architects also do well, averaging $105,560 in annual income.

4. Cedar Rapids, Iowa

Cedar Rapids is the best city in the nation to earn a living as a web developer. Local web developers earn $86,120 a year, on average. Considering that Cedar Rapids has a cost of living that’s 10.7% below the national average, web developers who live here may see their incomes go further.

Software systems developers can also earn a decent living here. They make $93,570 on average. That’s easily twice the average wage ($48,410 a year) in Cedar Rapids.

5. Jackson, Michigan

The cost of living in Jackson is 10.4% less than the national average. That helps tech professionals get the most out of their salaries.

Jackson’s average salary of $97,560 for computer systems analysts is the best in the nation for this occupation when adjusted for local living costs. Software systems developers also command high pay here, averaging $100,920. Both types of tech jobs pay close to double the local average salary of $49,890.

Top 5 cities for tech professionals in the West

1. Seattle

Unlike top cities in other regions, Seattle doesn’t offer low living costs. In fact, living here is 10.5% more expensive than the national average. But it might pay to live in a more expensive city.

The Seattle area is a major tech hub and home to Microsoft and Amazon headquarters. Professionals in this industry are paid well. Computer programmers average $129,470 a year, while web developers make $92,280 on average. By comparison, the average wage in this city is $63,120.

2. San Francisco

Next is San Francisco, another huge player in the tech industry thanks to its proximity to Silicon Valley. With local costs nearly 25% above the national average, it’s also one of the most expensive places to live in the U.S.

Despite that, tech professionals will have plenty of job opportunities and chances to earn high incomes here. Software systems developers earn $134,000 a year on average, and web developers make $104,400. Both are far above the average local wage of $69,700 for San Francisco.

3. Colorado Springs, Colorado

Another city that tech professionals could consider is Colorado Springs. The city’s cost of living is about on par with the national average, and the average local wage is $50,050 a year.

Here, a software systems developer earns more than twice that at an average $114,980 a year. Computer systems analysts in Colorado Springs earn $96,410 annually.

4. Kennewick, Washington

Technology majors can head to Kennewick to earn a great living, particularly if they’re interested in being an information security analyst or a computer systems analyst. For the former, the average salary is $109,500 in Kennewick, while local computer systems analysts average $91,810 a year.

These salaries far exceed the city’s average wage of $53,470. And thanks to slightly lower local costs, tech professionals will get a little more bang for their buck.

5. Sacramento, California

Sacramento locals face a cost of living just 2% above the national average. IT professionals in this city earn more than enough to make up for this.

Computer network architects earn $121,550 on average, and information security analysts make $113,750 a year. By comparison, the average wage for Sacramento is less than half that: $55,010.

Top 5 cities for tech professionals in the Northeast

1. Providence, Rhode Island

A typical worker in Providence earns $52,220 on average and pays prices on par with the national average.

Tech professionals earn even more here. Computer network architects and computer systems analysts, in particular, can earn a decent living in Providence, with typical salaries of $117,760 and $95,780, respectively.

2. Hartford, Connecticut

Tech graduates may want to consider finding their next job in Hartford. Computer network architects here typically earn $120,800 a year, and database administrators earn $99,970 a year.

These salaries are well above the local average wage of $60,040, while local costs of living are just 1.5% above the national average. Bottom line: Tech professionals can easily make ends meet while working and living in Hartford.

3. Bloomsburg, Pennsylvania

Next is Bloomsburg, where local workers earn, on average, $46,250 a year. Top tech jobs in this city pay more than twice this average.

Computer systems analysts make $97,990 a year, while computer programmers earn $103,080 annually. Additionally, Bloomsburg has living expenses that are 6.7% less than the national average.

4. Trenton, New Jersey

Trenton isn’t a cheap place to live — it’s 11.3% pricier than the national average. Despite this, it’s a top city for tech professionals who want to land a high-paying job.

A local database administrator earns $107,630 a year. A computer network architect earns even more, with annual earnings at $124,630. Compare that to the average salary in Trenton: $62,980.

5. Pittsfield, Massachusetts

Software systems developers can look to Pittsfield to find optimal pay and living conditions. Local prices are 3.8% below the national average, yet workers in this occupation earn $106,270 a year.

Computer systems analysts can also make a good living here, with an average annual pay of $79,190. By comparison, the average local wage is $49,650 a year.

Top 100 U.S. cities for tech jobs

Below is a list of every city that finished in the top 100 of our rankings. The table also lists: the top tech occupation for each city, its average salary, the cost of living for that city, and the occupation’s salary adjusted for cost of living (real income).

Rank City Top local tech job Top tech job salary Cost of living, compared to national average Real income (salary adjusted for cost of living)
1 Hinesville, Ga. Computer systems analyst $92,000 9.7% below $101,883
2 Charlotte, N.C. Software systems developer $112,320 6.5% below $120,128
3 Hattiesburg, Miss. Computer systems analyst $78,780 17.9% below $95,956
4 New Bern, N.C. Computer programmer $104,400 14.6% below $122,248
5 California, Md. Web developer $90,610 0.3% above $90,339
6 St. Louis Database administrator $95,320 9.2% below $104,978
7 Winston-Salem, N.C. Computer network architect $117,480 11.0% below $132,000
8 Raleigh, N.C. Database administrator $102,430 4.1% below $106,809
9 Rocky Mount, N.C. Database administrator $86,270 16.1% below $102,825
10 Staunton-Waynesboro, Va. Software systems developer $112,400 15.2% below $132,547
11 Huntsville, Ala. Computer systems analyst $89,470 10.6% below $100,078
12 Brunswick, Ga. Software systems developer $98,780 14.4% below $115,397
13 Monroe, Mich. Computer systems analyst $99,710 6.0% below $106,074
14 Birmingham, Ala. Database administrator $90,910 11.2% below $102,376
15 Atlanta Computer network architect $114,100 3.7% below $118,484
16 Dallas Computer network architect $117,800 0.2% above $117,565
17 Columbus, Ga. Database administrator $100,060 10.7% below $112,049
18 Durham, N.C. Computer network architect $110,070 4.8% below $115,620
19 Austin, Texas Computer network architect $122,530 0% (same as average) $122,530
20 Seattle Computer programmer $129,470 10.5% above $117,167
21 Decatur, Ala. Computer systems analyst $88,280 15.7% below $104,721
22 Columbus, Ohio Database administrator $97,280 7% below $104,602
23 Rome, Ga. Computer programmer $105,910 18.9% below $130,592
24 Providence, R.I. Computer network architect $117,760 0.3% below $118,114
25 Lynchburg, Va. Information security analyst $112,130 10.2% below $124,866
26 Cedar Rapids, Iowa Web developer $86,120 10.7% below $96,439
27 Houston Software systems developer $110,830 1.6% above $109,085
28 Hartford, Conn. Computer network architect $120,800 1.5% above $119,015
29 Greensboro, N.C. Computer network architect $111,540 10.2% below $124,209
30 Jackson, Mich. Computer systems analyst $97,560 10.4% below $108,884
31 Gainesville, Ga. Computer systems analyst $94,210 11.5% below $106,452
32 Burlington, N.C. Computer network administrator $101,840 10.6% below $113,915
33 San Antonio Computer network architect $118,510 5.6% below $125,540
34 Winchester, Va. Computer network architect $121,250 8.0% below $131,793
35 Bloomsburg, Pa. Computer systems analyst $97,990 6.7% below $105,027
36 Springfield, Ohio Database administrator $86,080 12.1% below $97,929
37 Richmond, Va. Computer systems analyst $94,540 3.9% below $98,377
38 San Francisco Web developer $104,400 24.7% above $83,721
39 Salisbury, Md. Software systems developer $113,190 10.7% below $126,753
40 Akron, Ohio Software systems developer $100,370 10.0% below $111,522
41 Peoria, Ill. Database administrator $92,240 9.2% below $101,586
42 Cincinnati Computer systems analyst $84,350 10.4% below $94,141
43 Colorado Springs, Colo. Software systems developer $114,980 0.4% below $115,442
44 Kennewick, Wash. Information security analyst $109,500 2.9% below $112,770
45 Trenton, N.J. Database administrator $107,630 11.3% above $96,703
46 Baltimore Information security analyst $115,170 7.2% above $107,435
47 Sacramento, Calif. Computer network architect $121,550 2.0% above $119,167
48 Texarkana, Texas Computer systems analyst $83,830 12.4% below $95,696
49 Portland, Ore. Computer network architect $118,790 1.7% above $116,804
50 Montgomery, Ala. Information security analyst $95,180 10.9% below $106,824
51 Brownsville, Texas Computer programmer $100,830 16.2% below $120,322
52 San Jose, Calif. Computer network architect $146,940 27.1% above $115,610
53 Detroit Computer network architect $111,050 4.1% below $115,798
54 Valdosta, Ga. Software systems developer $96,220 19.1% below $118,937
55 Dayton, Ohio Computer systems analyst $86,790 10.0% below $96,433
56 Springfield, Ill. Computer systems analyst $94,170 9.0% below $103,484
57 Minneapolis Software systems developer $114,820 2.3% above $112,239
58 Denver Software systems developer $115,130 6.0% above $108,613
59 Phoenix Computer systems analyst $90,650 2.9% below $93,357
60 Battle Creek, Mich. Computer programmer $107,620 9.4% below $118,786
61 Beaumont, Texas Software systems developer $102,310 10.2% below $113,931
62 Kingsport, Tenn. Computer systems analyst $86,700 14.9% below $101,880
63 Warner Robins, Ga. Software systems developer $103,800 11.5% below $117,288
64 Omaha, Neb. Database administrator $88,370 6.6% below $94,615
65 Auburn, Ala. Computer programmer $94,460 15.4% below $111,655
66 Chattanooga, Tenn. Database administrator $87,710 10.7% below $98,219
67 Chicago Computer network architect $113,950 3.8% above $109,778
68 Sierra Vista, Ariz. Computer systems analyst $89,450 10.4% below $99,833
69 Fresno, Calif. Computer network architect $123,380 3.7% below $128,120
70 Bloomington, Ill. Computer systems analyst $87,910 6.2% below $93,721
71 Salem, Ore. Database administrator $89,260 4.1% below $93,076
72 Las Vegas Computer network architect $108,170 2.2% below $110,603
73 Idaho Falls, Idaho Software systems developer $114,510 10.2% below $127,517
74 Pittsfield, Mass. Software systems developer $106,270 3.8% below $110,468
75 Boston Web developer $84,330 11.1% above $75,905
76 Reading, Pa. Computer systems analyst $89,990 3.8% below $93,545
77 Washington, D.C. Software systems developer $122,630 19.1% above $102,964
78 Macon, Ga. Software systems developer $99,960 13.8% below $115,963
79 Rochester, Minn. Database administrator $92,600 6.1% below $98,616
80 Kansas City, Mo. Software systems developer $98,560 6.3% below $105,187
81 Sioux City, Iowa Computer systems analyst $85,070 11.1% below $95,692
82 Nashville, Tenn. Database administrator $87,390 5.6% below $92,574
83 Springfield, Mass. Computer systems analyst $88,280 2.6% below $90,637
84 Salt Lake City Database administrator $97,330 0.6% below $97,918
85 Appleton, Wis. Information security analyst $113,640 8.1% below $123,656
86 Davenport, Iowa Computer network architect $113,840 9.8% below $126,208
87 Atlantic City, N.J. Computer network architect $116,310 3.5% above $112,377
88 Santa Barbara, Calif. Computer network architect $126,740 9.5% above $115,744
89 Charlottesville, Va. Computer systems analyst $94,250 2.1% below $96,272
90 Ogden, Utah Database administrator $95,290 4.9% below $100,200
91 Philadelphia Computer systems analyst $95,100 5.9% above $89,802
92 Albuquerque, N.M. Computer network architect $112,260 3.7% below $116,573
93 Cumberland, Md. Software systems developer $99,240 11.9% below $112,645
94 Midland, Texas Computer programmer $101,530 0.8% above $100,724
95 Bridgeport, Conn. Computer network architect $123,550 20.10% above $102,873
96 Memphis, Tenn. Computer network architect $108,530 9.0% below $119,264
97 Cape Girardeau, Mo. Computer network administrator $80,530 17.3% below $97,376
98 Blacksburg, Va. Database administrator $87,920 11.5% below $99,345
99 Longview, Texas Computer programmer $100,650 9.1% below $110,726
100 Lawrence, Kan. Computer programmer $120,810 7.3% below $130,324

Methodology: This study used annual median wages (calculated as hourly mean wage multiplied by 2,080 hours) in 350 U.S. metropolitan areas, per Occupational Employment Statistics reports from the Bureau of Labor Statistics, for eight different computer and IT occupations: computer network architects, computer programmers, computer systems analysts, database administrators, information security analysts, computer network administrators, software systems developers, and web developers. All wage data is for May 2017 and was released in March 2018.

The wages in a metropolitan area were normalized for the regional price parity (RPP), a measure of local costs of living reported by the Bureau of Economic Analysis, to compare real incomes between cities and occupations more accurately. RPPs were estimated for 2016 and released in May 2018.

We compared and scored RPP-adjusted incomes for each occupation, across all cities surveyed. Lastly, the city’s scores for each occupation were aggregated and averaged to generate the total rankings listed here.

Please note that U.S. cities were excluded from this list for which an RPP number was missing, or if they didn’t have median annual wages reported for at least two of the eight occupations considered here.

Interested in refinancing student loans?

Here are the top 9 lenders of 2021!
LenderVariable APREligible Degrees 
1.88% – 6.15%1Undergrad
& Graduate

Visit Splash

1.88% – 5.64%2Undergrad
& Graduate

Visit Earnest

2.50% – 6.85%3Undergrad
& Graduate

Visit CommonBond

1.89% – 5.90%4Undergrad
& Graduate

Visit Laurel Road

1.99% – 6.59%5Undergrad
& Graduate

Visit SoFi

1.88% – 5.64%6Undergrad
& Graduate

Visit NaviRefi

1.90% – 5.25%7Undergrad
& Graduate

Visit Lendkey

2.39% – 6.01%Undergrad
& Graduate

Visit Elfi

2.13% – 5.25%8Undergrad
& Graduate

Visit PenFed

Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Splash Financial.

Splash Financial Disclosures

Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount

The information you provide to us is an inquiry to determine whether we or our lenders can make a loan offer that meets your needs. If we or any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. We do not guarantee that you will receive any loan offers or that your loan application will be approved. Offers are subject to credit approval and are available only to U.S. citizens or permanent residents who meet applicable underwriting requirements. Not all borrowers will receive the lowest rates, which are available to the most qualified borrowers. Participating lenders, rates and terms are subject to change at any time without notice.

To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of June 1, 2021.


2 Rate range above includes optional 0.25% Auto Pay discount. Important Disclosures for Earnest.

Earnest Disclosures

Interest Rate Disclosure

Actual rate and available repayment terms will vary based on your income. Fixed rates range from 2.48% APR to 5.79% APR (excludes 0.25% Auto Pay discount). Variable rates range from 1.88% APR to 5.64% APR (excludes 0.25% Auto Pay discount). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 36% (the maximum allowable for these loans). Earnest variable interest rate student loan refinance loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 2.04% and 5.8% to the one month LIBOR. Earnest rate ranges are current as of 6/8/2021, and are subject to change based on market conditions.

Auto Pay Discount Disclosure

You can take advantage of the Auto Pay interest rate reduction by setting up and maintaining active and automatic ACH withdrawal of your loan payment. The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay. Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction. For multi-party loans, only one party may enroll in Auto Pay.

Student Loan Refinancing Loan Cost Examples

These examples provide estimates based on payments beginning immediately upon loan disbursement. Variable APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and a 5.89% APR would result in a total estimated payment amount of $17,042.39. For a variable loan, after your starting rate is set, your rate will then vary with the market. Fixed APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and a 6.04% APR would result in a total estimated payment amount of $17,249.77. Your actual repayment terms may vary.Terms and Conditions apply. Visit https://www.earnest. com/terms-of-service, e-mail us at [email protected], or call 888-601-2801 for more information on our student loan refinance product.

Earnest Loans are made by Earnest Operations LLC or One American Bank, Member FDIC. Earnest Operations LLC, NMLS #1204917. 535 Mission St., Suite 1663, San Francisco, CA 94105. California Financing Law License 6054788. Visit earnest.com/licenses for a full list of licensed states. For California residents (Student Loan Refinance Only): Loans will be arranged or made pursuant to a California Financing Law License.

One American Bank, 515 S. Minnesota Ave, Sioux Falls, SD 57104. Earnest loans are serviced by Earnest Operations LLC with support from Navient Solutions LLC (NMLS #212430). One American Bank and Earnest LLC and its subsidiaries are not sponsored by or agencies of the United States of America.

© 2021 Earnest LLC. All rights reserved.


3 Important Disclosures for CommonBond.

CommonBond Disclosures

Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. ‍All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.15% effective Jan 1, 2021 and may increase after consummation.


4 Important Disclosures for Laurel Road.

Laurel Road Disclosures

All credit products are subject to credit approval.

Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.

As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.

  1. Checking your rate with Laurel Road only requires a soft credit pull, which will not affect your credit score. To proceed with an application, a hard credit pull will be required, which may affect your credit score.
  2. Savings vary based on rate and term of your existing and refinanced loan(s). Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. Review your loan documentation for total cost of your refinanced loan.
  3. After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship. During any period of forbearance interest will continue to accrue. At the end of the forbearance period, any unpaid accrued interest will be capitalized and be added to the remaining principle amount of the loan.
  4. Automatic Payment (“AutoPay”) Discount: if the borrower chooses to make monthly payments automatically from a bank account, the interest rate will decrease by 0.25% and will increase back if the borrower stops making (or we stop accepting) monthly payments automatically from the borrower’s bank account. The 0.25% AutoPay discount will not reduce the monthly payment; instead, the discount is applied to the principal to help pay the loan down faster.

Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.

Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.

Interest Rate: A simple annual rate that is applied to an unpaid balance.

Variable Rates: The current index for variable rate loans is derived from the one-month London Interbank Offered Rate (“LIBOR”) and changes in the LIBOR index may cause your monthly payment to increase. Borrowers who take out a term of 5, 7, or 10 years will have a maximum interest rate of 9%, those who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.

KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

This information is current as of April 29, 2021. Information and rates are subject to change without notice.
 


5 Important Disclosures for SoFi.

SoFi Disclosures

Fixed rates from 2.49% APR to 6.94% APR (with autopay). Variable rates from 1.99% APR to 6.59% APR (with autopay). All variable rates are based on the 1-month LIBOR and may increase after consummation if LIBOR increases; see more at SoFi.com/legal/#1. If approved for a loan your rate will depend on a variety of factors such as your credit profile, your application and your selected loan terms. Your rate will be within the ranges of rates listed above. Lowest rates reserved for the most creditworthy borrowers. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi loans are originated by SoFi Lending Corp. or an affiliate (dba SoFi), a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law, license #6054612; NMLS #1121636 (www.nmlsconsumeraccess.org). Additional terms and conditions apply; see SoFi.com/eligibility for details. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.


6 Important Disclosures for Navient.

Navient Disclosures

1. NaviRefi loans are made by Earnest Operations LLC, a member of the Navient family of companies, subject to individual approval and underwriting criteria. California residents only: Loans made or arranged pursuant to a California Finance Lenders Law license. Additional terms and conditions apply.

– To qualify, you must be a U.S. citizen or non-citizen permanent resident of the United States, reside in a state we lend in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.navirefi.com/help-and-questions. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Loan terms are subject to eligibility. Approval and interest rate depend on the review of a complete application. Loan approval is subject to confirmation that your debt-to-income, free cash flow, credit history and application information meet the minimum requirements. You must have a minimum FICO score to be considered.

– You can choose between fixed and variable rates. Fixed interest rates are 2.75% – 6.04% APR (2.50% – 5.79% APR with Auto Pay discount). Starting variable interest rates are 2.13% – 5.89% APR (1.88% – 5.64% APR with Auto Pay discount). Variable rates are based on an index, the 30-day Average Secured Overnight Financing Rate (SOFR) plus a margin. Variable rates are reset monthly based on the fluctuation of the index. We do not currently offer variable rate loans in AK, CO, CT, HI, IL, KY, MA, MN, MS, NH, OH, OK, SC, TN, TX, and VA.

– You can take advantage of the 0.25% Auto Pay interest rate reduction by setting up and maintaining active and automatic ACH withdrawal of your loan payment. The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay. Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction. NaviRefi rate ranges are current as of June 1, 2021 and are subject to change based on market conditions and borrower eligibility.

– Loan cost examples: These examples provide estimates based on payments beginning immediately upon loan disbursement. Variable APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and a 5.89% APR would result in a total estimated payment amount of $17,042. For a variable loan, after your starting rate is set, your rate will then vary with the market. Fixed APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and a 6.04% APR would result in a total estimated payment amount of $17,250. Your actual repayment terms may vary.

– The information provided on this page is updated as of 06/1/2021. Earnest Operations LLC reserves the right to modify or discontinue (in whole or in part) this loan program and its associated services and benefits at any time without notice. Check www.navirefi.com for the most up-to-date information. Terms and Conditions apply. Call 855-284-4893 for more information on our student loan refinance product.

– Earnest Operations LLC – NMLS #1204917, CA CFL #6054788 – 535 Mission St., Suite 1663, San Francisco, CA 94105.
Navient Solutions, LLC – NMLS #212430 – 123 Justison St., Wilmington, DE 19801. Visit https://navirefi.com/lending-licenses for a full list of licensed states.


7 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it  endorse,  any educational institution.

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810.

As of 04/07/2021 student loan refinancing rates range from 1.90% APR – 5.25% Variable APR with AutoPay and 2.49% APR – 7.75% Fixed APR with AutoPay.


8 Important Disclosures for PenFed.

PenFed Disclosures

Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.89%-4.78% APR and Variable Rates range from 2.13%-5.25% APR. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be 2.00%. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.