I don’t have direct experience with Elon, but my friend transferred out of Elon because of diversity and fit. Elon has relatively little minorities and people of color at the university when compared to other colleges. As a minority, she felt a bit uncomfortable and never really felt at home there, so she decided to transfer.
It is also one of the least socioeconomically diverse schools in the country. Elon has the third fewest number of students eligible for Pell Grants after Muhlenburg and WUSTL (families making less than $60,000 annually). It also has the third highest percentage of students that come from families making more than $110,000 a year out of all 2,395 universities in the United States – let that sink in for a moment.
I imagine the effect is more strongly felt by minorities and those that do not come from affluent backgrounds at Elon and I don’t say this to bash Elon in any way, I also have friends that attended that were happy there, but because you asked that is something to consider – especially if you are from that background. There is also a large percentages of females involved in Greek life – which can be a positive or negative depending on your opinion of Greek Life.