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ELFI Undergraduate Student Loan Review
Undergraduate Student Loans
Rewards: None
Yearly Loan Limits: Covers up to 100% of your Cost of Attendance
Overall Loan Limits: $1,000 (minimum)
Cosigner Terms: Cosigner optional, does not offer Cosigner Release
Rewards: None
Yearly Loan Limits: Covers up to 100% of your Cost of Attendance
Overall Loan Limits: $1,000 (minimum)
Cosigner Terms: Cosigner optional, does not offer Cosigner Release
The bottom line
Education Loan Finance (ELFI) is known for its dynamic customer service team and giving you the option to borrow all of the money you need for school. On the other hand, they do not offer rewards like other lenders, and do not allow for cosigners to be released.
Pros- No application, origination or guarantee fees
- Has evening and weekend call center hours
- Can borrow up to the full cost of attendance
Cons- Does not offer auto-debit discount (or any other reward, for that matter), as all borrowers are required to make automatic payments
- Does not offer cosigner release
Loan comparison
Full review
ELFI shares some things in common with top lenders, including its fee policy and customer service. You won’t be paying application, origination or guarantee fees, nor will you be paying a prepayment penalty if you want to pay off your loan in full before the end of your repayment term. When it comes to customer service, they take calls on weekends and evenings.
Though ELFI offers an incredibly short repayment term of 5 years (among others), they also don’t allow your cosigner to be released (if you have one).
Education Loan Finance (ELFI) - Undergraduate Student Loans
Other loans that Education Loan Finance (ELFI) offers:
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