Undergraduate Loans

For more than 30 years, MEFA has been offering low-cost fixed interest rate loans to help families pay for a college education. Our undergraduate loans feature interest rates starting as low as 4.99% (APR* 6.13% – 6.51%) and multiple repayment options. It’s easy to apply online, with no application fee and an instant credit decision.

Learn More >

Apply Now >

Graduate Loans

MEFA has low-cost loans available to help graduate students pay for continuing education. Our graduate loans offer fixed interest rates starting as low as 6.39% (APR* 7.44% – 7.67%) and two different options for repayment. The online application process is quick and easy, with no application fee and an instant credit decisions.

Learn More >

Apply Now >

Education Refinancing Loans

If you’re currently repaying an undergraduate or graduate loan – either federal or private — a MEFA Education Refinancing Loan can help you reduce your monthly payment, combine multiple student loans, and potentially lower your interest rate. Our refinancing loans offer fixed interest rates as low as 4.95% and variable interest rates as low as 3.23%**. All loans have a 15-year repayment term.

Learn More >

Apply Now >

*The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan. The APR reflects the interest rate, timing of payments, and any other costs paid during the life of a loan.
**The interest rate and monthly payment on a MEFA variable rate Education Refinancing Loan may increase or decrease as its index, the 1-Month London Interbank Offered Rate (LIBOR), fluctuates. Rate listed is as of 5/1/16. Learn about LIBOR.