KNOXVILLE, Tenn.--(BUSINESS WIRE)--Aug 30, 2018--Education Loan Finance (ELFI), a division of SouthEast Bank, awarded Simon Rivera of Richmond, Virginia, with the $50,000 prize money. Rivera won the #EmpoweredByELFI video contest by submitting a video about empowering a brighter future with the prize earnings in which he could pay off his student loan debt.

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Winner of the Education Loan Finance $50,000 Video Contest, Simon Rivera and family, along with Barbara Thomas, Executive Vice President of SouthEast Bank and Education Loan Finance. (Photo: Business Wire)

Rivera works as a physician assistant at a community urgent care facility. “I wanted to make a positive impact in my community and healthcare is one of the most important and impactful ways to do so. I take a great deal of pride and satisfaction in caring for each of my patients as though they were my own family.” Simon’s video was one of hundreds submitted to earn the $50,000 prize to eliminate student loan debt. Simon’s winning video can be found here – https://www.elfi.com/empowering-a-brighter-future-video-contest-winner/

Video of the check presentation and surprise: https://youtu.be/hG-mUNKZ7LE Follow us on our social platforms: Facebook: https://www.facebook.com/educationloanfinance/ Instagram: https://www.instagram.com/educationloanfinance/ and Twitter: https://twitter.com/elfi Social Media Hashtag: #EmpoweredByELFI

“We are excited to be able to award this prize to Simon. His video was a great representation of how refinancing student loan debt can help individuals in moving forward with their dreams for themselves and their family. We know that student loan debt can be challenging and our $50,000 cash prize is proof of how committed we are to helping someone take the next step in their future,” said Barbara Thomas, SouthEast Bank’s Executive Vice President and Head of the Education Loan Finance Division.

According to the Brookings Institute, more than 44 million Americans have student loans that total nearly $1.4 trillion. Student loan debt is now the second-largest source of household debt in the U.S. after home mortgages.

Simon was in the U.S. Air Force Reserves for six years before receiving multiple degrees. He is father to two young sons, and the prize money is enough to eliminate his student loan debt. He and his wife hope to put the remaining amount towards their goal of allowing his wife the ability to re-enroll in school to complete her education.

“We truly believe in Empowering A Brighter Future through refinancing student loans and have helped more than 4,800 borrowers throughout the U.S. and Puerto Rico to date. We save our customers, on average, $282-a-month and $26,216 over the life of the loan. So many graduates are overwhelmed with student loan debt, and this contest was an exciting way to get folks thinking about what they could accomplish without student loan debt. We very proud to be able to offer student loan borrowers a chance to empower a brighter future,” said Thomas.

About Education Loan Finance

Education Loan Finance, a division of SouthEast Bank, is a leading online lender designed to assist borrowers by consolidating and refinancing private and federal student loans into one simple, low-cost loan. Education Loan Finance believes that providing consumers comprehensive refinancing and consolidation options empowers the consumers on their financial journey. To learn more, visit www.elfi.com or follow us on Facebook at www.Facebook.com/EducationLoanFinance.

About SouthEast Bank

Headquartered in Farragut, Tennessee, SouthEast Bank operates branches throughout East and Middle Tennessee, blending modern amenities with hometown service and decision-making. Our customers enjoy free access to convenient electronic and mobile platforms such as online banking, remote deposit, automatic fraud monitoring, and a worldwide ATM network. In the last decade, SouthEast Bank, along with its holding company, has donated over $20 million to support secondary and post-secondary education in our local communities and universities throughout the state of Tennessee. To learn more about SouthEast Bank, please visit or follow us on Facebook at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180830005638/en/

CONTACT: Education Loan Finance

Heather B. Price, 865-824-3350

hprice@southeastbank.com

KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE

INDUSTRY KEYWORD: EDUCATION UNIVERSITY CONTINUING PROFESSIONAL SERVICES BANKING

SOURCE: Education Loan Finance

Copyright Business Wire 2018.

PUB: 08/30/2018 12:14 PM/DISC: 08/30/2018 12:14 PM

http://www.businesswire.com/news/home/20180830005638/en