Skip Navigation
After navigation

ELFI Student Loan Refinance

ELFI refinance student loan

Education Loan Finance is a nationwide student loan debt consolidation and refinancing program offered by Tennessee based SouthEast Bank. Offering among the lowest rates in the industry coupled with award winning customer service, it is designed to assist borrowers through consolidating and refinancing education loans to lower your cost of education and/or makes repayment very simple.

Education Loan Finance – backed by the strength of SouthEast Bank – combines the benefits of traditional education loan financing with the superior products, service, and support found in the private market.


  • Customers are saving an average of $309 every month and an average of $20,936 in total savings after refinancing their student loans with Education Loan Finance.1
  • Variable and fixed rates starting from 2.39% APR and 2.58% APR2
  • Fixed and variable rate loans with 5 – 20 year terms available. Terms up to 10 years for Parent Loans.
  • Award winning customer service from your dedicated Personal Loan Advisor who is matched to you from the moment you sign up
  • No application or origination fees, and no prepayment penalties


  • Must have a minimum loan amount of $15,000.
  • Must have a minimum credit score of 680.
  • Must have a minimum income of $35,000 annually. Income does not include annual bonuses or commission.
  • Must have a minimum credit history of 36 months
  • Must be a U.S. citizen or permanent resident alien without conditions and with proper evidence of eligibility.
  • Must be at the age of majority or older at the time of loan application.
  • Must have earned a bachelor’s degree or higher from an approved post-secondary institution and program of study.


1Average savings calculations are based on information provided by SouthEast Bank/ Education Loan Finance customers who refinanced their student loans between 8/16/2016 and 10/25/2018. While these amounts represent reported average amounts saved, actual amounts saved will vary depending upon a number of factors.

2Rates accurate as of 4/28/21. 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.

What are my private student loan options?