Customer Review of Refinancing Student Loans With ELFIOctober 9, 2019
Meet Daniel, a college graduate with an entrepreneurial spirit. He started his own tutoring business five years ago, and with the burden of student debt weighing him down, he decided to refinance his student loans this past year.
After applying for student loan refinancing with about 10 different companies, Daniel decided to go with ELFI. Here’s why.
He wanted to make sure that he could get the best terms that he could. His new terms with ELFI saved him $162/month, and he’s paying his loans for 5 fewer years. His loans were also consolidated into one monthly payment.
He wanted a company that matches you with one representative that assists you through the entire process. Amanda Scott, an ELFI Personal Loan Advisor, helped Daniel through the entire process of refinancing his student loans. As he says, “she was the very first phone call and the very last call I had with Education Loan Finance.”
By refinancing his student loans with ELFI, Daniel freed up additional money every month that he can now use to provide for his growing family, fund the construction of his new home, save for retirement, and support his tutoring business.
“It’s a relief knowing that I have refinanced these loans – and that I can now go on with the rest of my life.”
Interested in seeing how much you could save by refinancing your student loans? Consult our student loan refinancing calculator.*
*This is a paid testimonial. Education Loan Finance is a nationwide student loan debt consolidation program offered by SouthEast Bank, which is based in Tennessee. ELFI is designed to assist borrowers through consolidating outstanding loans into one single loan that effectively lowers your cost of education debt and/or makes repayment very simple. Subject to credit approval. See Terms & Conditions at www.elfi.com/terms. The interest rate and monthly payment for a variable rate loan may increase after closing. Interest rates will be based on the term of your loan, your financial history, and other factors, including your cosigner’s (if any) financial history. For example, a 10-year loan with a fixed rate of 6% would have 120 payments of $11.10 per $1,000 borrowed. Rates are subject to change.