Please note: Education Loan Finance is rebranding to our commonly known name, ELFI. Our look and name have changed, but our commitment to providing our customers with great products and service remains the same. Please note that this will not affect any existing loans or applications in any way.

Fixed Repayment Example

Fixed Repayment Example: For example, if your loan was disbursed on 8/15/2024 and you graduated on 5/15/26, you would make 27 monthly payments of $25 beginning 9/15/24 (which includes your 6-month grace period for full payments), followed by 120 full monthly payments beginning 12/15/26 of $67.67 for every $5,000 borrowed at a 9% APR.