Our Mission

Our mission of college affordability since our founding has been to help students and families access and afford higher education and reach financial goals through education programs, tax-advantaged savings plans, fixed-rate loans, and expert guidance. All of our work aligns with our ever-present goal to support the independence, growth, and success of students and families.

A Tradition of Service

The Massachusetts state legislature created MEFA in 1982 at the request of colleges and universities across the Commonwealth. From the start, our mandate has been to offer fixed-rate college financing to families of aspiring college students.

Expert Guidance

MEFA is an authority on planning, saving, and paying for college. Our dedicated professionals draw on vast experience and insight, and work collaboratively with community organizations, high schools, and colleges to bring an integrated college-planning program to students and families.

Versatile Products and Services

MEFA offers access to powerful and affordable financial products to help students pay for college expenses and a vast array of resources to assist with each step of the college planning process. Learn More →

Guiding Principles

As a state authority established by the Commonwealth of Massachusetts to perform an essential public function, helping families cover education expenses, we adhere to a set of guiding principles that promote borrower success. Learn more →


To request materials or information on this website in accessible formats for individuals with disabilities (braille, large print, electronic, or audio), please email Lisa Rooney at lrooney@mefa.org or call 617-224-4838.


We frequently receive feedback from customers who have experienced MEFA's products and services. Reviews help us understand customer needs and deliver the best resources we can to students, families, and partners. Read Reviews →

Privacy Policies

Our systems and processes are designed to protect our customer's privacy and ensure that personal information is secure. Learn more →