ELFI Student Loans vs SoFi Student Loans

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	ELFI Student Loans	SoFi Student Loans
	SPECIAL OFFER Refinance Student Loans - Learn More	SPECIAL OFFER Refinance Student Loans - Learn More
	Benefits and Features
Variable APR	5.28% - 8.99%	5.74% - 9.99% APR (with AutoPay)
Fixed APR	5.48% - 8.69%	4.99% - 9.99% APR (with AutoPay)
Minimum Amount	$10,000	$5,000 (may be higher depending on state)
Maximum Amount	No maximum - depends on your eligibility	No maximum
Loan Term	5, 7, 10, 15, and 20 years	5 to 20 years
State Residency	All 50 states plus Washington D.C. and Puerto Rico	All states eligible
Degree Requirements	Bachelor's or higher from an approved post-secondary institution and program of study	Associates or higher
Income Requirements	$35,000	None
Employment Requirements	Must be employed	Must be employed or have an offer to start within 90 days
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	Yes
Soft Credit Check	Yes	Yes
Unemployment Protection	Yes - up to 12 months forbearance	Yes
	Learn More	Learn More
	Refinance Student Loans	Refinance Student Loans
		Terms Apply. SoFi Disclaimers
ELFI: Pricing information from published website as of 3/11/2024 SoFi: Pricing information from published website as of 5/9/2023

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