Pay off student loans faster and
use the savings to invest in your dreams.

Education Loan Finance can save you money with variable rates starting at 2.69% APR* and fixed rates starting at 3.09% APR*.

Find My RateRate check does not affect credit score

Make the right financial choice.

There are many options when it comes to consolidating or refinancing your student loans. Fortunately, Education Loan Finance – the education loan finance program offered by SouthEast Bank – is completely focused on optimizing the best repayment strategy for your specific situation and goals.

You could save hundreds each month and thousands over time.

Education Loan Finance Executive Vice President Barbara Thomas breaks down the Public Student Loan Forgiveness program and who it affects.














No Maximum*






*Subject to credit approval. Terms and conditions apply.

– it pays to choose Education Loan Finance –


With rates as low as 2.69% APR*, our flexible student loan refinancing terms could help you save money. We offer plans that can meet a variety of budgets.

For every step of the refinancing process, we’ve got your back. Our customer care specialists help find the right plan for YOU.


Our application process is fast and simple. Apply online in just minutes. If you have questions, our student loan refinance experts are here to help.


It pays to refinance with Education Loan Finance. If your loan is approved and you accept our offer within 30 days of your initial application date, you’ll receive $200 through our Fast Track Bonus!


Refer a friend and earn even more. When a friend uses your referral link and refinances a loan, you’ll get $400 and your friend will get $100.


We’re here to help you. If you have questions about refinancing your student loan, call, email or text one of our qualified loan specialists.

Refinancing Your Student Loans is Easy

Step 1

introduce yourself

Simply create a profile to let us know a little bit about you and get the ball rolling.

Step 2

get prequalified

Use our easy pre-approval process to see if you qualify before completing the full application.

Step 3

upload documents

It’s easy. Send us your documents electronically. We will verify and if approved, you’ll receive a firm interest rate offer.

Step 4

sign & set-up

Sign your new loan agreement electronically and set up auto-debit payments.

Refinancing with Education Loan Finance can save you thousands over time. Want to know how much? Get an estimate with our repayment calculator.


  • Kerrie Byrd (Kerrie Byrd)
  • Ben Youree (Ben Youree)
  • Alan B. Testimonial
    With Education Loan Finance I was able to lower my student loans to around 4%. I plan on using those savings to pay off my loans faster.
    Alan B: Lowered to 4% (Alan B.)
  • ELFI was a breeze to deal with. All I had to do was complete some simple forms and upload a few documents. Anytime I had a question or issue they went above and beyond to either answer or even take care of the issue for me. I will now save around $24,000 over the life of my loan and I plan to use the savings to pay off my house faster. The best thing is, it cost us nothing. I wish I had refinanced with ELFI years ago.
    ELFI was a breeze to deal with (Lance S., Virginia Tech)
  • AMAZING experience with ELFI! Not only did they offer the best rate, but I had a friendly and knowledgeable personal loan advisor throughout the entire process.
    AMAZING experience with ELFI (Nicole D., Indianapolis, Indiana)
  • Brian G Testimonial Photo
    ELFI’s interest rate, payment and loan term was the most competitive in the student loan refinance industry. Their interest rate and monthly payment were significantly lower than my current loan provider, as well as Sofi and other refinance lenders. Customer service was impeccable. My questions were answered fully and incredibly quickly. Couldn’t be happier!
    Brian G: Most competitive rates in the industry (Brian G., Penn State University)
  • Calder O Photo
    I chose ELFI because they had lower interest rates than the federal program and was the lowest among other private services. My monthly payments will be more, but my interest rate is 1.8% better and over the ten year life of the loan, this will save nearly $10,000 in interest. 
    Calder O: Lowest Rates Among Private Services (Calder O., Columbia University)
  • Education Loan Finance’s Personal Loan Advisors helped ease the refinancing process significantly. They see you as an actual person with real-life situations, rather than just another number in the student loan refinancing process. I’m now saving over $18,000 on my student loan, and plan to use this money to save for graduate school and to pursue my dream job as an archaeologist.
    Hannah M. (Hannah M.)
  • Cody Testimonial Headshot
    I chose Education Loan Finance because of their customer service and willingness to earn my business. They were the only company where an actual person reached out to me after applying. They beat out their competitors and got me the best rate. I’m not saving a couple hundred dollars a month, which I putting back towards the principal on my loan.
    Cody H (Cody H.)
  • Jessica's Testimonial Headshot
    After reviewing multiple companies I found that Education Loan Finance offered the best rate and monthly payment. I’m saving approximately $20,000 over the life of my loan and am planning on using those savings to pay off my loan faster! My personal loan advisor was responsive & urgent with his answers and the entire process (including approval) took about 24 hours.
    Jessica D. (Jessica D.)
  • I chose ELFI because they gave me the lowest interest rate. I am now saving $500 each month, which I am going to use to contribute to my 401(k) and my ROTH IRA. I have told all of my friends with loans about ELFI. One thing that was special about my service with ELFI is that there is no pre-payment fee.
    Shelly is saving $500 each month (Shelly L., Atlanta, GA)
  • The average interest rate I was paying on the government funded loans decreased approximately 4%. This will be approximately $37,000 in interest savings. My experience with the customer service personnel at ELFI was great - they made sure I understood each and every step of the process and kept me informed of the status of my loan.
    Lauren will save $37,000 in interest (Lauren P., Knoxville, TN)
  • I am saving $222 a month now on my 10-year loan. I'm using my savings towards a down payment for a house. I loved how easy this was and I felt like they genuinely cared about me.
    Jennifer is saving for a down payment on a house (Jennifer D., Murfreesboro, TN)
  • I had a list of non-negotiables I was looking for with a refinancing company. (no repayment penalties, fixed rates guaranteed, simple interest accrual, flexibility in choosing monthly draft dates) ELFI fit all my requirements.
    Jacklyn B, Canandaigua, NY (Jacklyn B, Canandaigua, NY)

Frequently Asked Questions

  • What is student loan refinancing?

    Student loan refinancing is the process of combining one or more federal and private student loans into a single loan with new terms, including a new (hopefully lower!) interest rate, monthly payment amount, and/or repayment length. The Federal Student Loan Consolidation program similarly combines only your federal loans into one payment, but it uses a weighted average of all of your interest rates, and it does not offer consolidation of any student loan debt obtained from a private lender.

  • Which loans can be refinanced?

    Any student loan debt that was used for financing your education from an approved post-secondary institution, such as SouthEast Bank private loans, private student loans from other lenders, or your federal student loans, i.e. Stafford loans, Grad PLUS, Parent PLUS, etc., can be consolidated into one loan through Education Loan Finance. No other consumer debt, such as credit card, auto, or mortgage, can be included even if it was used to pay education expenses. Keep in mind that if you consolidate federal student loans, you may lose some alternative repayment plans associated with the federal government loan program.

  • Do I need a co-signer?

    Education Loan Finance may require a co-signer if you do not qualify based on your own credit, income, or debt-to-income ratio. We also offer co-signer release, which releases any co-signers from your existing student loans if you qualify for an Education Loan Finance loan based on your own credit history.

  • Is refinancing ever a bad idea?

    If you only have a couple more years or a few thousand more dollars to go until you pay off your student loans, refinancing may be more hassle than it’s worth. Switching to a new lending institution may eliminate any benefits you’ve earned over the years, so thoroughly investigate how consolidating or refinancing your student loans will change the terms of your existing student loans. To learn more about refinancing and consolidating your loans, check out this blog post with information on topics that might require a second look during the process.

Terms and conditions apply. All loans are subject to credit approval. Borrowers must be U.S. citizens or permanent resident aliens without conditions and with proper evidence of eligibility, must be of the age of majority or older at the time of loan application, must have earned a bachelor’s degree or higher from an Education Loan Finance approved post-secondary institution and program of study, and must reside in a state in which Education Loan Finance is authorized to lend. Borrower’s interest rate will be determined after application, and will be based on credit history, term selected and other factors. If approved, the borrower will be notified of the qualified rate.  SouthEast Bank reserves the right to modify or discontinue products and benefits at any time without notice.  Additional information about terms and conditions is available at

ELFI for Business