Private Student Loans
We can help you pay for college. 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.
Your Student Loan, Your Way.
We believe education fuels empowerment, and because of that, we take the hassle out of obtaining a private student loan. Want freedom? You can check your rate in minutes without it affecting your credit score. Want savings? You won’t pay an application, origination or prepayment fee. Looking for support? Your Student Loan Advisor will make sure there are no hiccups when receiving your funds. How’s that for feeling empowered?
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
$1,000
Rates From
Variable
3.98% APR*
Fixed
3.98% APR*
Terms From
Student Loans
5 – 15 years
Parent Loans
5 – 10 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.
Private Student Loan Repayment Options
Immediate
Interest Only
Fixed
Deferred
- 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.
- Make interest payments on the loan while attending school.
- Continue interest 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.
- 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
- Student loans while in school require no payments 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.