Graduate Student Loans

Pursuing an advanced degree should come with advantages, not burdens. Our postgraduate student loans are designed to help you take the next step in your educational and professional journey with confidence.

What are you waiting for? Personalized support and a painless application process are waiting for you.

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Discussing Graduate Student Loans from ELFI

Take Your Next Step on Your Terms

FIXED RATES FROM

3.69% APR⁽¹⁾

VARIABLE RATES FROM

5.00% APR⁽¹⁾

LOAN TERMS FROM

5-15 Years⁽¹⁾

^{Parent Loans: 5-10 Years (1)}

MINIMUM LOANS OF

$1,000⁽¹⁾

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GRADUATE LOANS DESIGNED FOR YOU

Your Specialty Is Our Specialty

Our Student Loan Advisors are equipped to provide guidance on even the most specialized degree programs.

Healthcare Programs

If you’re studying to become a registered nurse, doctor, dentist, or another healthcare professional, a rewarding career is attainable – and affordable – with ELFI.

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Law School

From attaining your law degree to passing the bar exam and launching your new career, your time is valuable. That’s why we make the process of financing your education simple and straightforward.

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Masters Degrees & More

Ready to take the next step in your career? Whether you’re ready to become a school leader, crush the competition with your MBA, or continue developing your STEM skills, we’re standing by to help.

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How to Apply for an ELFI Graduate Student Loan

Your passion inspires us. That’s why we want to help bring the next chapter of your future into focus by providing affordable rates, flexible terms, and easy payment options.

We’ve made the graduate student loan process as convenient as pre-ordering coffee for your commute, because you can start right now on your phone. It’s as easy as:

1. Prequalifying
See your estimated rates within minutes without impacting your credit score.

2. Applying
Select a plan with the rates and terms that fit your needs.

3. Uploading & Signing
Simply upload screenshots or photos of your required documents, then sign your paperwork electronically.

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Eligibility Requirements

Repayment Options Tailored to You

Immediate

Best for borrowers who want to start repaying their loan right away, with principal and interest payments beginning while still in school.

More Details

The loan term starts upon disbursement of funds to the school.
Make principal and interest payments while attending school.
Full payment of interest and principal will begin 30 to 60 days following disbursement.

Interest-Only

Repayment plan for borrowers who prefer to pay only the interest while in school and during the six-month grace period, with full payments starting after this period.

More Details

Make interest payments on the loan while attending school.
Continue interest payments during the six month grace period.
Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.

Fixed

Ideal for borrowers who want to make small, manageable payments of $25 while in school and during the grace period, with full payments starting after this period.⁽²⁾

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Make $25 payments while attending school.
Continue $25 payments during the six-month grace period.
Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.

Deferred

Best for borrowers who prefer to delay all payments until after graduation and the six-month grace period, with full payments starting then.

More Details

No payments required while in school of during the six month grace period.
Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.

GRADUATE LOANS CAN FEEL COMPLICATED.

Having a Student Loan Advisor Makes Everything Easy.

When you apply for a student loan with ELFI, you’ll be paired one-on-one with a Student Loan Advisor. They’ll guide you through the entire process from start to finish and are available by phone, text, or email and answer any questions you might have along the way.

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The ELFI Difference

Competitive Rates & Flexible Terms

We believe in rewarding financially responsible borrowers by providing competitive rates with flexible terms that make repayment more manageable.

Award-Winning Customer Service

Each customer is paired one-on-one with their own Student Loan Advisor who guides them through their application from start to finish.

No Fees or Painful Waiting

Enjoy an easy online application process without application fees, origination fees, or prepayment penalties for paying off your loan early.

See Your Estimated Rate Risk-Free in Minutes

Before you commit, you can see your estimated rates and repayment options in minutes, without impacting your credit score.

Excellent Customer Experiences

When you combine personalized service, an easy application with no fees, and flexible loan options, you get 5-star customer experiences.

Graduate Student Loan FAQs

Can I refinance only some of my student loans with ELFI?

Yes, you may choose whether you’d like to refinance some or all of your student loan debt when going through the application process.

What’s the difference between student loan refinancing and student loan consolidation?

Student loan consolidation is the process of combining multiple loans into one loan. The federal government offers the Federal Loan Consolidation program to borrowers of federal student loans, and only federal loans are eligible for the program (private student loans are not). Through the federal student loan consolidation, your loans are combined and the interest rate is the average of your loans rounded up to the nearest 1/8th of a percent.

Similar to consolidation, refinancing student loans involves combining multiple student loans into one loan with one monthly payment. However, unlike Direct Loan Consolidation, this option is only offered by private lenders and includes the consolidation of both federal and private student loans. Student loan refinancing can reward borrowers who demonstrate responsible financial habits with rates and payment options not offered through the federal consolidation program. New interest rates are calculated based on the borrower’s credit history and overall financial health, as well as current financial market conditions, rather than the weighted average of the included loans.

What do I need to qualify for student loan refinancing with ELFI?

In order to qualify for student loan refinancing with ELFI, you must meet the following criteria, among other factors:

Must be a U.S. citizen or permanent resident alien without conditions and with proper evidence of eligibility.
Must be at the age of majority or older at the time of loan application.
Must have a minimum loan amount of $10,000.
Must have earned a Bachelor’s degree or higher.
Must have a minimum income of $35,000.
Must have a minimum credit score of 680.
Must have a minimum credit history of 36 months.
Must have received a bachelor’s degree from a Title IV U.S. domiciled non-profit college or university.

Can I refinance to remove a cosigner?

If you’d like to remove a cosigner from your student loan, one way to do so is by refinancing, as you will be paying off the old loan. By refinancing, you will release your cosigner from sharing responsibility for your loan.

Is it free to refinance student loans with ELFI?

ELFI does not charge any application fees, origination fees, or prepayment penalties for paying off your loan early.

With many lenders, there is no cost to refinance student loans. Before you sign on the dotted line, ask the lender you’d like to refinance with about their fee structure to ensure it meets your financial needs. Keep in mind that if you extend your repayment term to lower your monthly payment, you will pay more in interest over the life of the loan.

Choosing a reputable lender like ELFI is a great way to ensure you’re getting the most out of your refinancing experience.

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