MEFA anticipates announcing the offering of a fixed interest rate loan program for undergraduate and graduate students in late July. MEFA's anticipated education loan availability is the result of a series of financial transactions to raise education loan funds for the 2008-2009 academic year. Read the full statement from MEFA's Executive Director.

MEFA encourages you to review your loan options, including federal loans, on your school's financial aid website so that you can have your account settled prior to its due date. To be sure you're getting the loan that's right for your needs, shop around, and keep the following tips in mind:

1. Compare rates.
2. Pay attention to the terms.
3. Watch out for extra fees.
4. Examine the conditions of the loan.
5. Get the advice and support you need.