Update 1/21/2021: President Biden has issued an executive order to extend the federal student loan payment suspension through Sept 30, 2021. We will continue to monitor these changes and post them as they occur.
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What is Student Loan Refinancing?

A Solution to Student Loan Debt Provided by Employers

A Day In The Life of The ELFI Contest Winner - Simon

ELFI in the News

January 09, 2020
Education Loan Finance Surpasses $1 Billion in Student Loan Refinancing
This funding has positively impacted over 14,500 graduates, parents and cosigners.

The ELFI program began offering student loan refinance products in December 2015. “From the beginning, we felt our student loan borrowers deserved transparent information, a smooth digital experience, and to work with a company that has been committed to higher education for decades.” continued Thomas.  “I’m proud that we’ve helped over 14,500 student loan borrowers with competitive products, rates and our unique Personal Loan Advisor (PLA) customer service program to guide them through the process.”

October 29, 2019
Education Loan Finance Announces Completion of $325 Million Securitization
The successful closing marks the company’s second securitization of refinanced student loans.

Education Loan Finance (ELFI), a division of SouthEast Bank, announces the successful closing of the ELFI Graduate Loan Program 2019-A Asset Backed Notes, which marks the company’s second securitization of refinanced student loans. ELFI’s $325 million fixed rate transaction was comprised of $294.288 million Class A Notes, $24.375 million Class B Notes, and $6.337 million Class C Notes. The Class A Notes are rated AAA by Standard & Poor’s and DBRS. The Class B and C Notes are rated AA and A by DBRS.

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