ELFI for Business | Our Employer Student Loan Repayment Program
Our ELFI for Business Program is designed to help employers to be a leader in cutting-edge HR benefits, attract and retain top talent, and offer incentives through employee contributions.
Simple & Seamless Solution
Connect to our ELFI for Business site right from your HR portal. We have multiple ways to empower employees to pay down student loan debt. ELFI also provides educational resources like newsletters, new hire onboarding booklets, webinars, onsite consultations, and Personal Loan Advisors to help your employees refinance their debt.
Student Loan Debt
A Growing Concern for Young Professionals
86% of workers would commit to a company for 5 years if they helped to pay off student loans 1
3 in 5 Say Paying Off Student Loans is a Priority Over Saving for Retirement1
93% Would Take a Sign On Bonus for Student Loan Debt Specifically1
4 in 10 Adults (Under 30) Have Student Loan Debt2
On Average a College Graduate Borrows
College Graduate3
total borrowed
$25,000
per month on average
$265
Grad School Graduate3
total borrowed
$45,000
per month on average
$522
Medical Graduate3
total borrowed
$200,000
per month on average
$1,600
Law School Graduate4
total borrowed
$140,616
per month on average
$522
Student Loan Employer Contribution Impact
Calculate the estimated impact a monthly employer contribution can have on your employees.
†All calculations are estimates based upon the employee loan details and employer contribution information provided and assume a fixed interest rate and corresponding APR. Monthly payments for loans with a variable interest rate are subject to change. Calculations also assume that the borrower makes full, on-time payments throughout the life of the loan. In addition, to any employer contribution. Actual savings will vary based upon a number of factors.
Let’s Start Discussing These Benefits
The ELFI Difference
Some of the Lowest
Rates Available
Because we’re backed by SouthEast Bank – not some online start-up company
Expertise That’s Second
to None
Our team has 30 years of experience in student lending
Fast and
Easy Process
In just two minutes online, you'll see what options are available to you. It's that easy
Personal Loan Advisors
Personal service to guide you every step of the way
Service Coast to Coast
We lend across the entire US and Puerto Rico
References
¹https://www.asa.org/wp-content/uploads/2017/06/asa_young_worker_and_student_debt_survey_report.pdf
²https://www.pewresearch.org/fact-tank/2017/08/24/5-facts-about-student-loans/
3https://www.hrdive.com/news/can-employers-help-solve-the-student-debt-problem/507960/
4https://www.cometfi.com/blog/6-things-i-wish-i-had-known-about-student-loans-before-law-school