The ELFI Blog
Explore the ELFI blog for tips and strategies for paying off student debt faster, saving money, and achieving financial freedom.
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2024-09-09
Should You Prequalify With Multiple Student Loan Refinancing Lenders?
Depending on when you took out your student loans and their type, you could be stuck with sky-high rates. […]
2024-09-03
Are Student Loans Considered Secured or Unsecured Debt?
When you apply for a loan, your lender will assess your financial situation and review your credit before determining if […]
2024-08-26
Types of Student Loans
While a college degree can be invaluable, that degree comes at a cost. And often, that cost is more than […]
2024-08-19
What’s the Difference Between Principal and Interest Payments?
College has become the norm; according to the U.S. Bureau of Labor Statistics, the majority of high school graduates in […]
2024-08-15
How Much Should I Contribute to My Child’s College Student Monthly Allowance?
If your child is heading to college soon, you may be worried about how they’ll manage money. As a college […]
2024-08-12
Is Refinancing Federal Student Loans a Good Idea?
Federal student loans make up 92% of the nation’s $1.75 trillion in student loan debt, making the U.S. Department of Education […]
2024-08-08
A Quick Guide to College Mini Terms
If you’re behind on your course schedule, or on the other hand are looking to get ahead, or you’re just […]
2024-08-05
Can You Transfer Parent PLUS Loans to Your Child or Student?
With rising college costs, some parents are turning to Parent PLUS loans to help their students pay for school. These […]
2024-08-01
How Cosigning a Student Loan Refinance Works — And How Much You Could Save
Student loan refinancing involves consolidating your existing student loans into a new loan from a private lender. Many borrowers choose […]
2024-07-29
Is It Really Possible to Get a Credit Score Over 800?
Your credit score is one of the most important indicators of your financial health, and it plays a major role […]
2024-07-25
Can You Pay Off Student Loan Debt with a HELOC?
If you’re struggling with student loan debt, you may be wondering how to pay off your loans as quickly […]
2024-07-22
Can You Really Go to Jail for Not Paying Student Loans?
In 2016, the internet was abuzz; a man was reportedly arrested for not paying $1,500 in student loans. The story […]