Education Loan Finance, or ELFI, is a company that offers student loans for graduate and undergraduate students. Parents can also apply, and people with existing student debt can request refinancing as well. The company offers flexible loan terms as well as relatively low rates based on creditworthiness. You can choose between a fixed and variable APR and repay your loan in 15 years. Next you’ll see how the Education Loan Finance application works. 

You can borrow from $1,000 up until the total cost of attendance with or without a cosigner. The minimum credit score required for both parties is at least 680 with no cosigner release option available.

If you need help paying for college, Education Loan Finance can be a solid alternative. The institution offers all students a great customer service and career counselors to help them through school. Keep reading the content below and learn how to apply for an ELFI loan today!

Before applying for a loan, you can check your rates estimates by pre-qualifying on the company’s official website. The Education Loan Finance application process is simple and it will only take a few minutes of your time. First, you’ll need to click on “get started” and create an online profile. You can also connect with your PayPal account if you wish to do so.

Read and agree to ELFI’s Privacy Policy and click “next”. You’ll need to fill an online form with personal, contact and financial information. ELFI also requires information about your school, your degree and your cosigner. Be sure you meet all the eligibility requirements before proceeding with the application.

After checking the amount and rates available to you, you can either agree with or deny their proposition. If you choose to agree, you’ll have to provide your electronic signature and wait for ELFI to get in touch with your school in order to provide the funding. 

Sadly, there is no mobile app available for requesting or managing your Education Loan Finance student loan. Everything must go through their official website. 

If you need to compare your ELFI estimates with another option before deciding whether or not to hire their services, we can help. With the College Ave Student Loans, you’ll get personalized loans to fit your budget. The company offers flexible repayment terms and low rates for undergrad and graduate students as well as refinancing.

Check its main features below and follow the recommended link for the application process.