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Interested in Lower Interest Rates?

Several factors can determine your interest rate, and you may qualify for a decreased interest rate when you refinance your student loans. Lower interest rates may reduce your monthly payments, saving you money over the life of your loan.

You may also wish to change the interest type of the loan. For example, if you had a variable rate loan before, you could select a fixed interest rate when you refinance.

One Payment, Plain and Simple

Keeping up with student loans from multiple lenders can be complicated, but you’ll have the opportunity to consolidate them when you refinance. If you have both private and federal loans, you’ll be able to refinance just the loans you choose.

Select which loans you want to refinance and which you don’t – it’s up to you. If you choose to refinance all your loans, you’ll only make one payment per month.

Choosing Terms on Your Terms

With refinancing, you can choose a new repayment term length. Changes to your loan terms will impact the monthly payment. For example, shorter loan terms often generate lower interest rates, which can save you more throughout repayment. If you qualify for the refinanced loan on your own, you can also remove your cosigner from the original loan when you refinance.


Lower Monthly Payments

Looking to lower the monthly payment? Refinancing could be the solution. Make an impact on your monthly payment by refinancing and selecting new terms for repayment.

*The calculated monthly payments and savings are estimated based on the loan information you entered and the loan term you selected. Your actual payments will depend on the exact amount of your loan balance, and specific rates are subject to approval. Variable rate loans are based on the three-month LIBOR index and may change monthly. Changes in the LIBOR index may cause your monthly payment to increase. Although the interest rate will vary after you are approved, the interest rate will never exceed 9.95% APR.

Service That's Second to None

Let’s face it, navigating student loans can be tricky. That’s why we offer Personal Loan Advisors, our team of experts who are ready to answer any question you can think of. Best of all, you won’t be transferred from agent-to-agent. The same PLA who is with you at the start of the application is the same PLA who’s with you until your funds are dispersed. They’re just a call, text or email away.

The ELFI Difference

Some of the Lowest
Rates Available

We believe in rewarding financially responsible borrowers by providing some of the lowest 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.

Fast and
Easy Process

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

Personal Loan Advisors

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

Service Coast to Coast

We lend across the entire U.S. and Puerto Rico.

What Our Customers Say

Amy S.

“Loved the personal loan advisor experience … When she called me and left me a voicemail, she sounded like a friend, not a scary loan robot, and it really put me at ease through the process.”

Amy S.

“The process was quick, but thorough to the point where I felt secure with all the checks Elfi was doing. Along with automatic emails, I had an employee reach out to me who was fully available during the process.”

Andrew B.

“I compared payment options to several other companies, and Education Loan Finance by far had the best options. I was able to reduce my monthly payments and now I will be paying off my loans in 7 years, rather than 10. Five stars!”

Andrew B.
Ashley A.

“I wish I’d done this sooner! The refinance process was fairly straightforward and easy to manage, and having the added benefit of a loan advisor was super helpful. The rates are competitive and they have plenty of options for every person.”

Ashley A.
Christopher M.

“My loan advisor was very helpful and prompt in getting all of my documents together and assisting when I had questions … The customer service is top notch compared to similar companies I inquired with.”

Christopher M.

“Their review process was SO much easier and more organized than another company I contacted about refinancing my student loan, and they offered the best interest rate compared to several others! I liked that I was personally assigned a loan coordinator who responded quickly to my emails and helped answer any questions I had.”

Hannah M.

“Education Loan Finance’s Personal Loan Advisors helped ease the refinancing process significantly. They see you as an actual person with real-life situations, rather than just another number in the student loan refinancing process. I’m now saving over $18,000 on my student loan, and plan to use this money to save for graduate school and to pursue my dream job as an archaeologist.”

Hannah M.
Jessica D.

“After reviewing multiple companies I found that Education Loan Finance offered the best rate and monthly payment. I’m saving approximately $20,000 over the life of my loan and am planning on using those savings to pay off my loan faster! My personal loan advisor was responsive & urgent with his answers and the entire process (including approval) took about 24 hours.”

Jessica D.
Katrina K.

“Andrea was incredibly helpful! It was nice to have someone take the time to answer all of my questions, provide explanations and keep me apprised of next steps. Refinancing was a breeze…thanks ELFI and Andrea!”

Katrina K.
Testimonials above given by Education Loan Finance customers. Results may vary.

What Our Customers Are Saying

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