Education Loan Finance in the News
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.