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Laurel Road Student Loans vs ELFI Student Loans

Laurel Road is a good option to maintain your federal loan grace period. How does it compare to ELFI? Read our comparison chart below.

Laurel Road offers some of the most competitive refinance rates. There is no cap on the amount you can refinance, so it's a good choice for professionals who got a MBA, medical, or law degree. Minimum $5,000 in loans to be eligible.

While ELFI offers some of the lowest fixed rates among all student loan refinance providers. There is no origination fee or prepayment penalty. However, eligibility requirements are high. You need a minimum $15,000 in loans to refinance, as well as credit score and income minimums.

Compare Laurel Road with ELFI, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Laurel Road Student LoansELFI Student Loans
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Laurel Road Student Loans

ELFI Student Loans

Refinance Student Loans - Learn More

Read ELFI Review


Benefits and Features

Variable APR
2.39% - 5.78%
Fixed APR
4.50% - 6.69%
Minimum Amount
Maximum Amount
No maximum
No maximum - depends on your eligibility
Loan Term
5 to 20 years
5, 7, 10, 15, and 20 years
State Residency
All states eligible
All 50 states plus Washington D.C. and Puerto Rico
Degree Requirements
Bachelor's or higher
Bachelor's or higher from an approved post-secondary institution and program of study
Income Requirements
Employment RequirementsMust be employed or have an offer
Must be employed
Interest Only Payments
Origination Fees
Prepayment Penalty
Can Use a Cosigner
Can Release a Cosigner
Varies case by case
Auto-Pay Interest Rate Reduction
Soft Credit Check
Unemployment Protection
Yes - up to 12 months forbearance

CreditDonkey® Reviews

 Laurel Road Student LoansELFI Student Loans
Customer Service
Loan Term
Ease of Use
Interest Rates
Payment Flexibility
Pros & ConsPros:
  • Low repayment options for medical residency
  • Keep federal grace period
  • Forgiveness is available due to disability
  • No mobile app
  • Forbearance options are on a case-by-case basis
  • Low fixed rates
  • Up to 12 months forbearance
  • Minimum $15,000 to refinance
  • No cosigner release
Bottom LineGood option to maintain your federal loan grace period... Read full reviewGood choice for low rates, but high eligibility requirements... Read full review
 Learn MoreLearn More

Refinance Student Loans

What Others View

    Laurel Road: Pricing information from published website as of 03/18/2018

    ELFI: Pricing information from published website as of 10/1/2019

    Which is Better: Laurel Road or ELFI?

    Still need help deciding which student loans is better? Read the in-depth reviews below. You may also be interested in comparing Laurel Road or CommonBond.

    Articles on Laurel Road Student Loans

    Articles on ELFI Student Loans

    Which Do You Think is Best?

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    About CreditDonkey®
    CreditDonkey is a student loan comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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