On November 22, 2022, the student loan payment pause was extended until the U.S. Department of Education is permitted to implement the debt relief program or the litigation is resolved. Payments will restart 60 days later. If the debt relief program has not been implemented and the litigation has not been resolved by June 30, 2023 – payments will resume 60 days after that. Learn More

Thanks for visiting us from PayForED!

We believe education fuels empowerment, and because of that, we take the hassle out of obtaining a private student loan. With an ELFI private student loan, you won’t have an application, origination, or prepayment fee. Best of all, you can compare rates without affecting your credit score.

Ready to empower your future with an ELFI student loan?

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


Rates From


3.98% APR*


3.98% 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.

Why Choose Education Loan Finance?

Some of the Lowest
Rates Available

We believe in rewarding financially responsible borrowers by providing some of the lowest rates available.

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Expertise That’s Second
to None

Our ELFI management team has over 30 years of expertise in student loans.

Fast and
Easy Process

Secure your personalized loan options in just a few short minutes.

Personal Loan Advisors

Our award-winning customer service team will guide you every step of the way.

Service Coast to Coast

We lend across the entire U.S. and Puerto Rico.


Reach out via phone, email, or contact form.

1-844-601-ELFI (3534)


Monday – Thursday:
8:00 am – 8:00 pm

8:00 am – 5:00 pm

Saturday & Sunday:
10:00 am – 4:00 pm

Ready to Get Started?

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    Please describe your interest in financing your education with Education Loan Finance.