As seen on:

You deserve great rates and flexible terms.

Student loan terms range from 5-15 years*, with student loan refinancing terms ranging from 5-20 years*. Our parent loans offer flexible terms from 5-10 years*. All student loans have the option of low fixed or variable rates, and best of all, you can prequalify in minutes. Go ahead, empower your future.

Simple. Smart. Secure.

There’s a smarter way to manage your student loans. At ELFI, we offer a simple online application process paired with guidance from a Student Loan Advisor who’s here to help every step of the way. Best of all, you can prequalify in minutes, without it impacting your credit score.

With ELFI, You Won’t Pay:

• Application fees
• Origination fees
• Prepayment penalties

Pre-qualification does not affect your credit score



See personalized loan rates in minutes, without affecting your credit score.



Explore options and choose which plan has the best rates, terms and payments for your student loan needs.



Upload screenshots or smartphone photos of your documents. Then sign your paperwork electronically!

The ELFI Difference

Some of the Lowest
Rates Available

We believe in rewarding financially responsible borrowers by providing some of the lowest student loan rates available.

First place ribbon icon
Expertise That’s Second
to None

Our ELFI management team has over 30 years of expertise in student loans and student loan refinancing.

Fast and
Easy Process

Secure your personalized student loan or refinancing options in just a few short minutes.

Student Loan Advisors

Our award-winning customer service team will guide you every step of the way.

Service Coast to Coast

ELFI private student loans and student loan refinancing are available across the entire U.S. and Puerto Rico.

Easier Student Loan Repayment

Refinancing with ELFI can help you save on interest, lower your monthly payment, or consolidate loans to make repayment easier.

Created with Sketch.

Our customers have reported that they are saving an average of $278 every month or will see an average of $20,774 in total savings after refinancing their student loans with Education Loan Finance.1

1Average savings calculations are based on information provided by SouthEast Bank/ Education Loan Finance customers who refinanced their student loans between 01/03/23 and 03/01/23. While these amounts represent reported average amounts saved, actual amounts saved will vary depending upon a number of factors.

ELFI in the Press

Student Loan Refinancing & Private Student Loan Resources

Learn the basics of student loan repayment, student loan refinancing, and other strategies for achieving financial freedom.

Frequently Asked Questions

How does ELFI help me manage my education costs?

We offer competitive student loan financing options to help you manage education costs effectively. Our tailored education loans meet your individual needs, ensuring you can focus on your studies without financial stress.

Can I consolidate my student loans with ELFI?

Yes, you can! ELFI provides student loan consolidation options for federal and private student loans. Consolidation can simplify your loan payments by combining multiple student loans into one, potentially lowering your monthly payments and saving you money on interest over time.

How does refinancing with ELFI improve my student loan financial situation? 

Refinancing your student or college loans with ELFI can lead to lower interest rates, reduced monthly payments, and a shortened loan term. This improves your student loan debt by potentially saving you thousands of dollars over the life of your loan, freeing up more money for your other financial goals.

What makes ELFI different from other student loan services?

ELFI stands out from other student loan services with our personalized customer support, competitive interest rates, and transparent terms. Our dedicated loan advisors work with you one-on-one to create a customized repayment plan that fits your budget and financial goals.

Are there any fees associated with ELFI education loans?

At ELFI, we believe in transparent pricing. No application fees, origination fees, or prepayment penalties are associated with our student education loans. This means you can save more and avoid unexpected costs.

How do I qualify for student loan refinancing with ELFI?

Qualifying for student loan refinancing with ELFI typically requires a good credit score, a stable income, and a history of on-time loan payments. We assess your financial situation to offer the best rates and terms for your student loan refinancing needs.

What types of student loans can I refinance with ELFI?

You can refinance federal and private student loans, including undergraduate, graduate, MBA, medical, and dental. We provide flexible options to cater to various types of borrowers and their unique student loan financial needs.

How quickly can I get approved for student loan financing with ELFI?

The approval process for student loan financing with ELFI is quick and straightforward. After submitting your application, you can typically receive a decision within a few business days. We strive to make the process as fast and easy as possible so you can start saving sooner.

Can I apply for student loan services with ELFI if I'm still in school?

Yes, ELFI offers student loan services for current students. You can apply for a private student loan to cover your education costs while you’re still in school.

*The interest rate and monthly payment for variable rate loans may increase after closing. For example, a 10-year loan with a fixed rate of 6% would have 120 payments of $11.10 per $1,000 borrowed. To qualify for refinancing or student loan consolidation through Education Loan Finance, you must have at least $10,000 in qualified student loan debt and must have earned a bachelor’s degree or higher from an approved post-secondary Education Loan Finance institution. Education Loan Finance Parent Loans are limited to a maximum of the 10-year term.