Pay off student loans faster and
use the savings to invest in your dreams.

ELFI can save you money with variable rates starting
at 2.10% APR and fixed rates starting at 3.35% APR.

Find My RateRate check does not affect credit score

Make the right financial choice.

There are many options when it comes to consolidating or refinancing your student loans. Fortunately, ELFI – the education loan finance program offered by SouthEast Bank – is completely focused on optimizing the best repayment strategy for your specific situation and goals.

You could save hundreds each month and thousands over time.





















*Subject to credit approval. Terms and conditions apply.

– it pays to choose ELFI –


With rates as low as 2.10% APR, our flexible student loan refinancing terms could help you save money. We offer plans that can meet a variety of budgets.

For every step of the refinancing process, we’ve got your back. Our customer care specialists help find the right plan for YOU.


Our application process is fast and simple. Apply online in just minutes. If you have questions, our student loan refinance experts are here to help.


It pays to refinance with ELFI. If your loan is approved and you accept our offer within 30 days of your initial application date, you’ll receive $100 through our Fast Track Bonus!


Refer a friend and earn even more. When a friend uses your referral link and refinances a loan, you’ll get $400 and your friend will get $100.


We’re here to help you. If you have questions about refinancing your student loan, call, email or text one of our qualified loan specialists.

Refinancing Your Student Loans is Easy

Step 1

introduce yourself

Simply create a profile to let us know a little bit about you and get the ball rolling.

Step 2

get prequalified

Use our easy pre-approval process to see if you qualify before completing the full application.

Step 3

upload documents

It’s easy. Send us your documents electronically. We will verify and if approved, you’ll receive a firm interest rate offer.

Step 4

sign & set-up

Sign your new loan agreement electronically and set up auto-debit payments.

Refinancing with ELFI can save you thousands over time. Want to know how much? Get an estimate with our repayment calculator.


  • I was able to shorten my repayment term by five years, while still making the same payment. And, it is a simple interest loan that allows me to easily pay ahead on the principal. With my savings, I will be able to pay off my student loans faster and this gives me peace of mind! It was very convenient - everything was done online. Fast, simple, easy, great service, and great rates. It doesn't get any better than this. Each month I see the reduction in principal on my loan and it makes me feel good.
    Julia Shortened Her Term (Julia S., Indian Harbour Beach, Florida)
  • I had been making on time payments [on my student loans] for eight years and found myself deeper in debt than the original loan because of variable interest rates. Before refinancing to a fixed rate loan, I was 26 years away from being debt free. ELFI just gave my family a light at the end of the tunnel. Now, my monthly payment is basically the same as before, but I'll be debt free in 10 years.
    Nikki cut 16 years off her loan and is making the same payment (Nikki F., Wapakoneta, OH)
  • I went from a 30-year loan at 6-8% to a 5-year loan at 3.49%. I'll save close to $200,000, which I'll use to pay off my house and save for retirement. The first bank I went to seemed indifferent to helping me, but ELFI was always going above and beyond to help me get my loan approved. I've recommended ELFI to several of my friends.
    Andrea will save close to $200,000 (Andrea C., Knoxville, TN)
  • I chose ELFI because they gave me the lowest interest rate. I am now saving $500 each month, which I am going to use to contribute to my 401(k) and my ROTH IRA. I have told all of my friends with loans about ELFI. One thing that was special about my service with ELFI is that there is no pre-payment fee.
    Shelly is saving $500 each month (Shelly L., Atlanta, GA)
  • The average interest rate I was paying on the government funded loans decreased approximately 4%. This will be approximately $37,000 in interest savings. My experience with the customer service personnel at ELFI was great - they made sure I understood each and every step of the process and kept me informed of the status of my loan.
    Lauren will save $37,000 in interest (Lauren P., Knoxville, TN)
  • I found the website looking online for loan consolidation. I'm now saving $274 per month and I plan on spending it for rent in a new house. The customer service was excellent throughout the entire process.
    Andrew is saving $274 per month (Andrew C., Wilmot, OH)

Frequently Asked Questions

  • What is student loan refinancing?

    Student loan refinancing is the process of combining one or more federal and private student loans into a single loan with new terms, including a new (hopefully lower!) interest rate, monthly payment amount, and/or repayment length. The Federal Student Loan Consolidation program similarly combines only your federal loans into one payment, but it uses a weighted average of all of your interest rates, and it does not offer consolidation of any student loan debt obtained from a private lender.

  • Which loans can be refinanced?

    Any student loan debt that was used for financing your education from an approved post-secondary institution, such as SouthEast Bank private loans, private student loans from other lenders, or your federal student loans, i.e. Stafford loans, Grad PLUS, Parent PLUS, etc., can be consolidated into one loan through ELFI. No other consumer debt, such as credit card, auto, or mortgage, can be included even if it was used to pay education expenses. Keep in mind that if you consolidate federal student loans, you may lose some alternative repayment plans associated with the federal government loan program.

  • Do I need a co-signer?

    ELFI may require a co-signer if you do not qualify based on your own credit, income, or debt-to-income ratio. We also offer co-signer release, which releases any co-signers from your existing student loans if you qualify for an ELFI loan based on your own credit history.

  • Is refinancing ever a bad idea?

    If you only have a couple more years or a few thousand more dollars to go until you pay off your student loans, refinancing may be more hassle than it’s worth. Switching to a new lending institution may eliminate any benefits you’ve earned over the years, so thoroughly investigate how consolidating or refinancing your student loans will change the terms of your existing student loans. To learn more about refinancing and consolidating your loans, check out this blog post with information on topics that might require a second look during the process.