Enter to Win $50,000 to Put Toward Student Loan Debt

Julissa Treviño Updated on June 28, 2018

** New entry deadline of July 29, 2018

It's something many of us have joked about: If we could win the lottery and wipe out all of our student loan debt at once...

Well now, one of our lender partners, Education Loan Finance (ELFI), is offering that chance — and you don't even have to buy a lottery ticket.

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Education Loan Finance (ELFI) is giving away $50,000 toward student loan debt. Want a shot at it? Here's what to do.

How to enter

For the contest, entrants must produce a video, between 20 seconds and two minutes. The topic: how student loan refinancing helped or would help you empower a brighter future — and how having no student loan debt, thanks to the prize money, would boost that empowerment. 

To be eligible for the contest, you must have at least $15,000 in student loan debt. 

Here are just a few ideas to get your juices flowing:

  • Is your debt holding you back from pursuing your dreams? What would you do if you weren't paying on your student loans every month?
  • Do you want to open your own business?
  • Would you travel the world?
  • Do you dream of buying a house for your family?
Tell ELFI how wiping away your student loan debt would help you pursue your goals. For those who have refinanced or have thought about refinancing, tell us how it helped or would help you get closer to meeting your goals. Don't forget about the key words: empowering a brighter future. What does a brighter future look like for you?

You'll need to upload your video to YouTube, then submit it at ELFI's contest website**. Imagine Life Without a Student Loan Payment... Start Saving Now!

Contest timeline

Videos will be accepted through Sunday, July 29th at ELFI's contest portal**.

Good luck! Click here to get started.


** Empowering a Brighter Future Video Contest. NO PURCHASE OR PAYMENT NECESSARY TO ENTER AND WIN. Open to U.S. citizens and permanent resident aliens over the age of majority in their state of residence. VOID WHERE PROHIBITED. Entries accepted from June 4, 2018, until July 29, 2018. Final winner selection August 27, 2018. Subject to Official Terms and Conditions at https://elfi.wishpondpages.com/empoweredbyelfi. Sponsor: SouthEast Bank. Promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook or YouTube.

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Published in: Your Financial Future

About the Author
Julissa Treviño

Julissa Treviño is a writer and journalist based in Texas. Her work has appeared in BBC Future, CityLab, Columbia Journalism Review, The Dallas Morning News, Racked, Teen Vogue and other publications. She enjoys traveling, playing with makeup, biking and trying new food. Follow her @JulissaTrevino. Read more by Julissa Treviño

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