ELFI primarily focuses on refinancing student loans for undergraduate and graduate borrowers. The borrower and cosigner must be U.S. citizens or permanent resident clients without conditions and with proper evidence of eligibility. Additionally, the borrower must have a minimum loan amount of $15,000, earned a Bachelor's degree or higher, have a minimum income of $35,000 and a minimum credit score of 680. There are no application fees, origination fees or prepayment penalties when refinancing student loans with Education Loan Finance. The refinancing program has received generally favorable reviews from companies and borrowers.