ELFI Student Loans
Highlights
Variable APR
5.28% - 8.99%
5.28% - 8.99%
Fixed APR
5.48% - 8.69%
5.48% - 8.69%
Maximum Amount
No maximum - depends on your eligibility
No maximum - depends on your eligibility
Minimum Amount
$10,000
$10,000
Loan Term
5, 7, 10, 15, and 20 years
5, 7, 10, 15, and 20 years
State Residency
All 50 states plus Washington D.C. and Puerto Rico
All 50 states plus Washington D.C. and Puerto Rico
Degree Requirements
Bachelor's or higher from an approved post-secondary institution and program of study
Bachelor's or higher from an approved post-secondary institution and program of study
Income Requirements
$35,000
$35,000
Employment Requirements
Must be employed
Must be employed
Interest Only Payments
No
No
Origination Fees
None
None
Prepayment Penalty
None
None
Can Use a Cosigner
Yes
Yes
Can Release a Cosigner
No
No
Auto-Pay Interest Rate Reduction
No
No
Soft Credit Check
Yes
Yes
Unemployment Protection
Yes - up to 12 months forbearance
Yes - up to 12 months forbearance
- Pricing information from published website as of 3/11/2024
- For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
More Information
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| Learn More | Learn More | |
ELFI Student Loans | Earnest Student Loans | |
|---|---|---|
Benefits and Features | ||
| Variable APR | 5.88% - 9.99% (includes 0.25% autopay discount) | |
| Fixed APR | 4.35% - 9.99% (includes 0.25% autopay discount) | |
| Maximum Amount | No maximum - depends on your eligibility | |
| Minimum Amount | ||
| Loan Term | Custom term from 5 to 20 years (180 term options) | |
| State Residency | All 50 states plus Washington D.C. and Puerto Rico | Most states with the exception of: DE, KY, and NV and no variable rate loans to residents of: AK, IL, MN, NH, OH, TN and TX |
| Degree Requirements | Bachelor's or higher from an approved post-secondary institution and program of study | |
| Income Requirements | ||
| Employment Requirements | Must be employed or have an offer for a position to start within 6 months | |
| Interest Only Payments | ||
| Origination Fees | ||
| Prepayment Penalty | ||
| Can Use a Cosigner | ||
| Can Release a Cosigner | ||
| Auto-Pay Interest Rate Reduction | ||
| Soft Credit Check | ||
| Unemployment Protection | Yes - up to 12 months forbearance | |
| Learn More | Learn More | |
ELFI: Pricing information from published website as of 3/11/2024 Earnest: Pricing information from published website as of 8/22/2025 | ||
