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Financial aid can be a big help in paying for college. In the 2012-2013 academic year, over $238.5 Billion of financial aid was awarded to students in the United States. There are many different sources and types of financial aid, and the way each college awards financial aid is different. Read through the following sections to get the information your family needs to help make the right college decision. 

 

 

 

Overview 

 

Learn about the different types of financial aid, the differences between need- and merit-based aid and see a list of MEFA’s suggested questions to ask each college’s financial aid office.  

Go to Financial Aid Overview  

 

  

Eligibility 

 

Understand financial aid eligibility requirements. 

See Eligibility Requirements   

 

  

Financial Aid Applications 

 

Find critical information on the FAFSA and CSS/Financial Aid PROFILE®, as well as tips for successfully filling out these applications. 

Learn About Financial Aid Applications  

 

  

After You Apply 

 

Learn about Expected Family Contribution (EFC), Cost of Attendance (COA) and how financial aid packages are determined and awarded. 

See What Happens After You Apply  

 

  

Make a Plan to Pay 

 

Learn more about the college bill and find steps and tips to help you navigate the payment process.   

Learn About Making a Plan to Pay  

 

  

How to Be a Wise Borrower 

 

Find smart tips on how to approach borrowing and learn the important basics of financing. 

Become a Wise Borrower  

 

  

Resources 

 

Learn about resources to help families, including information on FAFSA Day, scholarship searches, calculators and links to other important sites like YourPlanForTheFuture.org, the Commonwealth’s free education and career portal. 

See the Free Resources  

 
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Find a MEFA financial aid seminar near you 

 


 

 

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Download MEFA’s After the Acceptance Presentation 

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Ask a MEFA Expert 

 

email  Email
Ask an expert about financial aid or college admissions
 
phone Phone
Call 1.800.449.6332
Mon-Fri, 9am-5pm EST
 

 

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In the News 

 

September 11, 2013 - MEFA Kicks Off College Savings Month with Lower Fees. Read more   

 

August 21, 2013 - The Massachusetts Educational Financing Authority (MEFA) and Fidelity Investments® today announced the results of its 7th annual College Savings Indicator study. Read more   

 

July 23, 2013 - MEFA Urges Families to be Wise Borrowers, Seek Free Expert Help.  Read more   

 

 

 

 

 

 

     
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