It's more important than ever to be choosy when it comes to student loans. Follow our
(PDF) to be sure you're getting the loan that's right for your needs.
MEFA offers a range of loan products, with some of the lowest rates in the industry. Not sure whether a parent or student loan is right for you? Compare the terms and decide.
Loans for Parents for the 2007-2008 academic year***
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Federal PLUS
7.25% ** (interest rate for 2007-2008 academic year)
Learn more | MEFA Undergraduate Loan
6.39% Fixed Interest Rate (interest rate for 2007-2008 academic year)
(APR 6.71%*)
Apply now Learn more |
Loans for Students for the 2007-2008 academic year***
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Federal Stafford Loan
4.55% ** (interest rate for 2007-2008 academic year)
Learn more | Federal Graduate PLUS
7.25% ** (interest rate for 2007-2008 academic year)
Learn more |
MEFA Student Alternative
Prime + 0 (interest rate for 2007-2008 academic year)
(5.25% as of 4/1/08)
(APR 5.36% - 5.95%*)
Apply now Learn more | MEFA Graduate Loan
6.89% Fixed Interest Rate (interest rate for 2007-2008 academic year)
(APR 6.56% - 7.25%*)
Apply now Learn more |
* The Annual Percentage Rate (APR) reflects both the accruing interest and the effect of borrowing the Origination fee and paying it over the term of the loan.
** Reduce your interest rate as low as 7.25% for Federal PLUS and 4.55% for Federal Stafford Loan by taking advantage of MEFA borrower benefits. Click
'learn more' for an explanation of MEFA borrower benefits.
***Current interest rates and terms for the 2007-2008 academic year.