Parent Loan Refinancing
Parent loan refinancing with ELFI allows you to combine both private and Parent PLUS loans. Within minutes, you can compare rates and pick a term that fits you. Saving is that simple.
Refinancing is Simple
No hassle, no hidden fees. By refinancing with ELFI, you can pick repayment terms that work for you – choose from 5, 7 or 10 years* with a rate that could be lower than your current loans. Your Personal Loan Advisors will walk you through the entire process making sure you receive the service and support you need, from start to finish.
With ELFI, You Won’t Pay:
• Application fees
• Origination fees
• Prepayment penalties
*For example, a 10 year loan with a fixed rate of 6% would have 120 payments of $11.10 per $1,000 borrowed. Rates are subject to change.
PREQUALIFICATION
See personalized savings in minutes.
APPLY
Explore options and choose which plan has the best rates, terms and payments for your needs.
UPLOAD & SIGN
Upload screenshots or smartphone photos of your documents, then sign your paperwork electronically!
You Deserve Simple, Straightforward Savings.*
Loan Amounts From
$15,000
Rates From
Variable*
2.39% APR
Fixed
3.19% APR
Terms for 5, 7, or 10 years
Loans to Fit your Budget
Below are sample payments for a $25,000 loan using each of Education Loan Finance’s parent loan refinance options.*
$442.47
TO
$471.67
MONTHLY PAYMENTS
$26,548 - $28,300
$341.03
TO
$354.99
MONTHLY PAYMENTS
$28,647 - $29,819
$253.71
TO
$269.96
MONTHLY PAYMENTS
$30,445 - $32,395
$451.33
TO
$483.20
MONTHLY PAYMENTS
$27,080 - $28,992
$340.57
TO
$365.09
MONTHLY PAYMENTS
$28,608 - $30,668
$250.27
TO
$277.43
MONTHLY PAYMENTS
$30,032 - $33,292
Parent PLUS Loan Program
Program Eligibility:
Minimum Loan Amount $15,000
No Maximum Loan Amount for exceptionally well-qualified borrowers.
Loan Terms offered in 60, 84, and 120 month maturities with fixed and variable interest rate structures.
Loan Eligibility:
All loans to be included in a SouthEast Bank Refi Loan must be “Qualified Student Loans” as defined by the U.S. Internal Revenue Service.
Ineligible Loans:
Employer-sponsored education financing and payment plans, school-sponsored tuition payment plans.
Term Limits:
Parent loans are limited to a maximum term of 120 months. The applicant must still meet the graduation and school eligibility criteria.
Click Here for Additional Requirements
*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. To qualify for refinancing or student loan consolidation through Education Loan Finance, you must have at least $15,000 in qualified student loan debt and must have earned a bachelor’s degree or higher from an approved post-secondary Education Loan Finance institution. Education Loan Finance Parent Loans are limited to a maximum of the 10-year term.