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Empowering You to Make a Difference.

We offer MBA student loans with competitive interest rates, flexible loan options, and award-winning customer service. Our management team has a strong foundation in student lending, with over 30 years of experience. Ready to take the next step in your education journey? Let ELFI help make it possible.

Estimate Your Student Loan Payment

Enter the desired loan amount and months remaining until graduation, and we’ll calculate an estimated monthly payment based on your preferred terms. What are you waiting for? Pick the MBA student loan that works best for you!

Eligibility

  • The student must be enrolled at least half-time in an MBA degree program at an eligible school.
  • Borrowers and cosigners must be U.S. citizens or permanent resident aliens without conditions and with proper evidence of eligibility.
  • Borrower (or cosigner) must have a minimum credit score of 680.

Borrowing Details

The minimum amount required per loan is $10,000. The maximum loan size will be the amount approved by the school for qualified education expenses for the requested academic period. Loans cannot fund more than one academic year of school-certified costs. You must be attending an eligible school to qualify for an ELFI Private Student Loan. Additional terms and conditions apply.

Get More Eligibility Details Here

 

Affordable Rates & Flexible Terms for Student Loans*

We have no application fees, no loan origination fees and no penalty for paying off your loan early.

Loan Amounts From

$10,000

Rates From

Variable

2.80% APR

Fixed

3.29% APR

Terms From

5 – 15 years

* The interest rate and monthly payment for variable rate loans may increase after closing. Your actual interest rate may be different from the rates shown above and 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 $11.00 per $1,000 borrowed. Education Loan Finance Parent Loans are limited to a maximum of the 10-year term.

Applying Is Simple

Our MBA student loan process is quick, transparent and straightforward. Best of all, every applicant receives a Personal Loan Advisor who is available via call, text or email. What are you waiting for? See your potential savings with a no-risk prequalification.

With ELFI, You’ll Never Pay:

• Application fees
• Origination fees
• Prepayment penalties

Prequalification does not affect your credit score.

1

PREQUALIFICATION

See personalized rates in minutes.

2

APPLY

Explore options and select a plan with the best rates and terms to fit your needs.

3

UPLOAD & SIGN

Upload screenshots or smartphone photos of your documents. Then sign your paperwork electronically!

FAQs

Do ELFI Private Student Loans have any fees?

There are no application, origination, or prepayment fees.

What discounts do you offer?

ELFI does not require you to do anything extra to get the best rate we can offer. All borrowers are required to make payments with an electronic or digital transfer. Therefore the auto pay discount is already reflected in your approved interest rate.

How long does the application process take? How quickly can I get my loan?

Our entire application process is online, so completing your application can be done in a matter of minutes. Once you have submitted your application, you’re assigned a Personal Loan Advisor who will be available to answer any questions.

Once we have your application and your documentation, we send the loan application information to the school for certification. Your school will verify your enrollment status, academic progress, and your financial aid package to confirm the amount of the loan. Once the school has certified the amount, you must complete your application by accepting your loan terms, and then we will send the funds directly to your school on your behalf.

Do I need to be a full-time student to obtain an ELFI Private Student Loan?

You do not need to be a full-time student, but you must be enrolled in a Master’s or Doctoral degree program at an eligible school and be attending classes at least half-time. Check out our full eligibility requirements to learn more.

What repayment options are available for student loans?

Immediate

  • Loan term starts upon disbursement of funds to the school.
  • Make principal and interest payments while attending school.
  • Full payment of interest and principal will begin 30 to 60 days following disbursement.

Interest Only

  • Make interest-only payments on the loan while attending school.
  • Continue interest-only payments during the six month grace period.
  • Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.

Fixed

  • Make $25 payments while attending school.
  • Continue $25 payments during the six month grace period.
  • Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.

Deferred

  • While attending school, no payments are required on the loan.
  • No payments are required during the six month grace period.
  • Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.

What Our Customers Are Saying