Update: Congress recently passed a law preventing further extensions of the federal student loan payment pause. Student loan interest will resume starting on Sept. 1, 2023, and payments will be due starting in October.

ELFI News Coverage & Press Releases

October 29, 2019
Education Loan Finance Announces Completion of $325 Million Securitization
The successful closing marks the company’s second securitization of refinanced student loans.

Education Loan Finance (ELFI), a division of SouthEast Bank, announces the successful closing of the ELFI Graduate Loan Program 2019-A Asset Backed Notes, which marks the company’s second securitization of refinanced student loans. ELFI’s $325 million fixed rate transaction was comprised of $294.288 million Class A Notes, $24.375 million Class B Notes, and $6.337 million Class C Notes. The Class A Notes are rated AAA by Standard & Poor’s and DBRS. The Class B and C Notes are rated AA and A by DBRS.

October 25, 2018
Best Student Loan Consolidation Lenders 2019
ELFI Ranked by U.S. News & World Report

Borrowers are assigned a dedicated personal loan advisor who is a single point of contact from application to pay off. Personal Loan Advisors are four-year college graduates trained and tested in student loan programs and refinancing.

October 25, 2018
ELFI Video Contest Winner Named
Student Loan Video Earns Virginia Man $50,000

Simon Rivera, one of 44 million people with student loan debt until a video he made about raising a family and paying down student loan debt won him first place. Rivera won the top spot in the Education Loan Finance video contest giveaway earning him $50,000.

June 08, 2018
Employers and Student Loans
Lowering Student Loans Could Be the New Perk

Barbara Thomas talks with Farragut Press about the launch of ELFI for Business. How supporting employee’s student loan debt could end up helping your business. Business benefits could include recruiting top talent and more.

September 12, 2016
SouthEast Bank Launches ELFI
Refinance Student Loans with Education Loan Finance

Education Loan Finance, a division of SouthEast Bank focusing on student loan debt refinancing and consolidation, has lowered the rates on its student loan refinancing program. ELFI rewards hard-working, financially-responsible college graduates.

August 22, 2019
Education Loan Finance Launches Private Student Loan Platform
Education Loan Finance Launches Private Student Loan Platform

Education Loan Finance (ELFI) announced today the expansion of its private student loan product offerings for undergraduates, graduates, and parents of students to finance post-secondary education. ELFI continues to invest in state-of-the-art technology to provide a simple online experience for its customers.

October 25, 2018
Best Practices for Student Loan Lenders
An Interview with Barbara Thomas, of ELFI

Lenders and servicers can learn from conflicts and employ best practices going forward to avoid trouble. We spoke with an industry professional, Barbara Thomas, Executive Vice President of Education Loan Finance (ELFI), to get her views on these and other issues.

September 20, 2018
Trusted Financial Source Reviews ELFI
LendEdu Lends ELFI 4.2 Rating

LendEdu reviews the benefits of refinancing with Education Loan Finance on their trusted website. Providing such detail as to what the company does, the benefits of using them, and how they differ from other student loan refinance lenders.

May 16, 2018
ELFI Talks Student Loans
Executive Meets with WVLT

College graduates are finishing school, and with that comes the real world and student loans. ELFI discusses the options available to student loan borrowers and how they can make the best decision based upon their financial situation.

January 09, 2020
Education Loan Finance Surpasses $1 Billion in Student Loan Refinancing
This funding has positively impacted over 14,500 graduates, parents and cosigners.

The ELFI program began offering student loan refinance products in December 2015. “From the beginning, we felt our student loan borrowers deserved transparent information, a smooth digital experience, and to work with a company that has been committed to higher education for decades.” continued Thomas.  “I’m proud that we’ve helped over 14,500 student loan borrowers with competitive products, rates and our unique Personal Loan Advisor (PLA) customer service program to guide them through the process.”

February 27, 2019
ELFI Talks Budgeting with WVLT
Financial Wellness Tips to Keep Finances Under Control

"Don't make it a daunting task," said Brandon Poore, a sales manager at Education Loan Finance, a branch of SouthEast Bank. He said budgeting doesn't have to be intimidating. Keeping your finances fresh may be the best way to stay motivated.

October 25, 2018
Is Cosigner Release Possible?
ELFI Expert, Barbara Thomas Citied in Forbes

Barbara Thomas, and other student loan experts weigh-in on the topic of cosigner release for student loans. Thomas offers a detailed explanation for the difference of using cosigners for in-school loans compared to the refinancing of student loans.

June 27, 2018
Head of ELFI Talks Deferment
When is Deferment Right?

Student loan borrowers may have the option to defer their payments while they’re enrolled at least half-time and during a grace period after leaving school. Barbara Thomas of ELFI talks about the caution borrowers should take before proceeding with deferment.

October 27, 2016
ELFI Launches Refinancing Program
Parents Can Now Refinance Student Loans

ELFI has officially launched its student loan refinancing and consolidation loan for parents – the Parent Loan – which will allow parents to refinance both their Parent Plus loans and private student loans in addition to student loan refinancing.

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