SoFi Student Loans vs ELFI Student Loans

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

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