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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Student Loan Refinancing
![Mother and daughter looking over refinancing student loan with cosigner.](https://www.elfi.com/wp-content/uploads/2022/12/Untitled-design-2022-12-13T171627.158-360x206.png)
2022-12-14
Student Loan Refinancing with a Cosigner
It seems like quite the conundrum: you’re struggling to pay off your debt and know that refinancing your student loans […]
![Medical residents sitting around a table talking and smiling.](https://www.elfi.com/wp-content/uploads/2022/12/Untitled-design-2022-12-13T150656.371-360x206.png)
2022-12-13
Do Doctors Get Paid During Medical Residency?
If you are working towards a career in medicine, you may wonder, “do doctors get paid during residency?” The answer […]
![Young woman sitting at a table in her house on her laptop.](https://www.elfi.com/wp-content/uploads/2022/12/Untitled-design-2022-12-13T135609.927-360x206.png)
2022-12-13
How to Pay Off Six-Figures of Student Loan Debt
While the average student loan balance is just under $40,000, a small percentage of borrowers owe substantially more. According to […]
![Male medical resident standing in front of other medical residents at the hospital.](https://www.elfi.com/wp-content/uploads/2022/12/Untitled-design-2022-12-13T133430.737-360x206.png)
2022-12-13
Medical Residency Requirements & How to Apply in the USA
Learning how to be a physician doesn’t stop once you graduate from medical school. Before practicing medicine in the U.S., […]
![ROTC student standing on campus.](https://www.elfi.com/wp-content/uploads/2022/12/Untitled-design-2022-12-09T170024.504-360x206.png)
2022-12-12
What is the ROTC, and How Can It Help You Avoid Student Debt?
According to a recent report by the Education Data Initiative, the average student loan debt per borrower has climbed to […]
![Young female student looking over tax paperwork.](https://www.elfi.com/wp-content/uploads/2022/12/Untitled-design-2022-12-09T164721.443-360x206.png)
2022-12-12
Tax Breaks for College Students
When you’re in college and covering tuition and living expenses, it’s important to watch every penny. That’s why many people […]
![College student sitting in common area on computer.](https://www.elfi.com/wp-content/uploads/2022/12/Untitled-design-2022-12-09T163041.542-360x206.png)
2022-12-09
How to Pay for College Without Financial Aid if You Lost Eligibility
Federal financial aid is a common way to pay for school at colleges nationwide. According to the National Center for […]
![Can You Pay Student Loans With a 529 Plan?](https://www.elfi.com/wp-content/uploads/2021/03/iStock-1094254386-360x206.jpg)
2022-12-09
Can You Use a 529 Plan to Pay Student Loan Debt?
A 529 college savings plan is a tax-advantaged tool to save for a child’s education. However, there are some circumstances […]
![Woman calcluating how to pay for college](https://www.elfi.com/wp-content/uploads/2021/03/iStock-1217866603-360x206.jpg)
2022-11-18
What to Do When You Can’t Pay For College
Last Updated on December 6, 2023 It’s no secret that going to college is expensive. With tuition on the rise, […]
![parent and child looking at status of student loans](https://www.elfi.com/wp-content/uploads/2020/02/parent-helping-with-student-loans-360x206.jpg)
2022-11-18
Best Ways For Parents to Pay Off Student Loans
$233,610. This is the total today’s average American family can expect to spend raising one child. If this seems like […]
![Female college student in the library looking at her phone.](https://www.elfi.com/wp-content/uploads/2022/11/Untitled-design-2022-11-14T112911.548-360x206.png)
2022-11-14
How to Take Out Student Loans for College
As you start the college application process, you’ve thought a lot about what you’re looking for. Your preferred living arrangement, […]
![Young black male sitting in coffee shop on laptop.](https://www.elfi.com/wp-content/uploads/2022/11/Untitled-design-2022-11-14T105806.444-360x206.png)
2022-11-14
Refinance Your Student Loans in 6 Steps
If you’re sick of so much of your student loan payments going toward the interest rather than the principal, student […]