Use this tool to estimate your monthly loan payment and total cost on a MEFA Graduate Loan. Simply select the graduate program you’ll be enrolled in, input the amount you plan to borrow, use the slider feature to estimate your interest rate, select the number of years before graduation, and choose your loan repayment type.
Once you’re ready to apply for a MEFA Graduate Loan, simply click the Apply Now button below.
All payment information provided by this calculator is an estimate only. All monthly payment figures, loan balances, and total cost figures are estimates based on data you provided on the data input screens and assume a single disbursement loan. Your actual loan payments and estimated total payment may vary based on the type of loan, interest rate, loan term, and your repayment habits. All loans have a minimum principal and interest monthly payment of $50. Deferment and interest-only periods are based on program of study elected at the time of loan origination. Review MEFA’s Graduate Loan Application and Solicitation Disclosure for more information.
*MEFA Graduate Loan interest rates range from 7.15% to 9.95% (6.60% – 9.93% APR*). 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 in-school and post-school period assumptions. The lowest rates are only available to the most creditworthy applicants.
All payment information provided by this calculator is an estimate only. All monthly payment figures, loan balances, and total cost figures are estimates based on data you provided on the data input screens and assume a single disbursement loan. Your actual loan payments and estimated total payment may vary based on the type of loan, interest rate, loan term, and your repayment habits. All loans have a minimum principal and interest monthly payment of $50. Deferment and interest-only periods are based on program of study elected at the time of loan origination. Review MEFA’s Graduate Loan Application and Solicitation Disclosure for more information.
*MEFA Graduate Loan interest rates range from 7.15% to 9.95% (6.60% – 9.93% APR*). 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 in-school and post-school period assumptions. The lowest rates are only available to the most creditworthy applicants.
