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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’ll Never Pay:

• Application fees
• Origination fees
• Prepayment penalties

*For example, a 10 year loan with a fixed rate of 6% would have 120 payments of $11.00 per $1,000 borrowed. Rates are subject to change.

1

PREQUALIFICATION

See personalized savings in minutes.

2

APPLY

Explore options and choose which plan has the best rates, terms and payments for your needs.

3

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

3.14% APR

Terms for 5, 7, or 10 years

See What You Could Save

View our Parent Loan Refinancing Calculator to find your estimated savings.

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.*

Variable Rate Loans for Parents
5 Year

$442.47

TO

$469.04

MONTHLY PAYMENTS

2.39% - 4.76% APR
60 Payments
Total Payments
$26,548 - $28,142
7 Year

$335.65

TO

$352.29

MONTHLY PAYMENTS

3.47% - 4.91% APR
84 Payments
Total Payments
$28,195 - $29,592
10 Year

$252.88

TO

$267.12

MONTHLY PAYMENTS

3.98% - 5.16% APR
120 Payments
Total Payments
$30,346 - $32,054
Fixed Rate Loans for Parents
5 Year

$450.77

TO

$483.20

MONTHLY PAYMENTS

3.14% - 5.99% APR
60 Payments
Total Payments
$27,046 - $28,992
7 Year

$338.51

TO

$370.99

MONTHLY PAYMENTS

3.72% - 6.48% APR
84 Payments
Total Payments
$28,435 - $31,163
10 Year

$252.99

TO

$286.29

MONTHLY PAYMENTS

3.99% - 6.69% APR
120 Payments
Total Payments
$30,359 - $34,355

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 

What Our Customers Are Saying

*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.