Benefits of a Refinancing Loan

With a MEFA Education Refinancing Loan, you may be able to:

  • Reduce your monthly payments: You can reduce the amount of your monthly loan payment and potentially lower your interest rate.
  • Secure a competitive, fixed interest rate: A fixed interest rate has a payment amount that remains the same over the term of the loan.
  • Simplify your finances: If you refinance multiple private and/or federal college loans, you will have just one loan to monitor and one payment to make each month.

Things to Consider Before Refinancing a Federal Loan

A federal student loan offers unique benefits that will expire if the loan is refinanced through a MEFA Education Refinancing Loan. These benefits include:

To preserve these federal loan benefits, you may want to consider a Federal Direct Consolidation Loan as an alternative way to simplify your federal student loan debt.

Our Loan Disclosure Form below provides all of the important details about our education refinance loans.

MEFA's Education Refinance Loan Application and Solicitation Disclosure

*The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan and reflects the loan's interest rate, timing of payments, and fees. MEFA's lowest rates are only available to the most creditworthy applicants.

Learn more about MEFA REFI