Education Loan Finance has somewhat high eligibility requirements for student – and parent – loan borrowers. This includes good credit and credit history and a minimum income. The student must also be currently enrolled at least half-time in a qualifying Bachelor’s, Master’s, or Doctoral degree program to qualify. Parent borrowers also have to meet certain requirements (ex. support the student financially for 6+ months of the year).
That said, ELFI’s student loans come at competitive rates and have flexible terms. Their refinancing option are also affordable and can save the borrower thousands of dollars over the life of their loan.