So Fi can complete the entire process from end to end in as little as a month. You’ve probably never heard of ELFI, and neither had we until recently.

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So Fi's minimum amount of student loan debt to refinance is $5,000.​So Fi aims to save you money and push you forward.

If you are planning to submit an application, block off at least 20 minutes of time to complete it.

Please note, from here on out, we consider "consolidation" and "refinancing" the same thing.

All of these companies have been vetted by The Student Loan Report team for product quality, security, and customer experience.

To date, So Fi has been able to help thousands of student loan borrowers lower their monthly payments and total loan cost.

Since a group of Stanford Business students founded the company in 2011, So Fi has refinanced over billion in outstanding debt, and on average its members save about ,000!

Entrepreneurial program benefits include delayed payments and mentorship from successful entrepreneurs.

In addition, So Fi charges no application, origination, or prepayment fees.

Going back to its roots, South East Bank decided that a refinancing and consolidation product that was available to a broader market could help many of its student loan borrowers payoff their debt. The company offers variable rates as low as 2.69% and fixed rates as low as 3.09%.

At this time, ELFI offers 5, 7, 10, 15, and 20-year term length options.

Finally, So Fi has a great customer support team ready to help you with any problems that may arise! So Fi only accepts people who have graduated, have good jobs, and have solid income.