After nearly thirty years, MEFA is still doing exactly what it was created to do – helping to make higher education more accessible and affordable for Massachusetts students and families.

MEFA has updated our website and loan processing system be fully compliant with Title X regulations. Download our PDF to review the MEFA Loan process, including steps required under Title X.
The newly required Application and Soliciation Disclosures showcase why MEFA's fixed interest rate loan products are some of the lowest cost loans in the country. Although MEFA is required under the Higher Education Opportunity Act (HEOA) to provide copies of our Application and Solicitation Disclosures only to colleges with which MEFA has a preferred lender arrangement, MEFA has opted to provide this information to all of the colleges and universities with which we work.
View MEFA's Application and Solicitation Disclosures and Self-Certification Form
Undergrad, Immediate PDF 
Undergrad, Interest-Only PDF 
Undergrad, Deferred PDF 
Student Alternative Loan PDF 
Grad, Interest-Only PDF 
Grad, Deferred PDF 
Self-Certification Form PDF 
MEFA will post updated Application and Solicitation Disclosures on an annual basis.


While MEFA’s offerings have expanded over the years to include two college savings programs and extensive community outreach on saving and paying for college, the flagship fixed interest rate MEFA Loan remains one of the most affordable college financing options available for undergraduate and graduate students.
MEFA’s low-cost fixed interest rate loans benefit Massachusetts residents attending college in-state or out-of-state and for U.S. students pursuing higher education in Massachusetts.
Choice of repayment options — immediate, interest-only, or deferred.
Fixed interest rates on all MEFA loans provide stable and predictable monthly payments.
No tiered pricing: all qualified MEFA borrowers receive the same low fixed interest rates for the applicable loan program.
Step-up repayment strategy features a lower interest rate while the student is in school, keeping the monthly payment amount low during the college years.
MEFA Undergraduate Loan

Download a fact sheet or loan application for the Undergraduate MEFA Loan.
Student Alternative Loan

Download a fact sheet or loan application for the Student Alternative Loan.
Graduate Loan

Download a fact sheet or loan application for the Graduate MEFA Loan.


In Massachusetts, eighty public and private colleges and universities participate in the U.Plan Prepaid Tuition Program. Each of these participating colleges’ commitment to helping families lock-in tomorrow’s tuition at today’s rates has made the U.Plan a success since 1995.
Learn more about how the U.Plan works.
Important Annual U.Plan Dates
Enrollment Season: May 1 – June 30
Updated Tuition and Fees: May
MEFA sends a preliminary U.Plan roster: June
U.Plan disbursements from MEFA: August
If you have questions about the U.Plan or would like to request a refund form or make updates, please contact Angelina Mancini at 800.842.1531 ext. 4817 or email amancini@mefa.org.