MEFA Blog
Keep up to date with the latest news about planning and financing a college education and preparing for your financial future, from experts here at MEFA and across the industry. Browse through our blog and use it as your very own college planning guide.
Learn about the digital SAT, including why it's important to take, when it will be available, what's changing and what's staying the same, how to register, and how to practice. …
By
Jenny Caccavale
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The new FAFSA will be available in December 2023, will require each contributor to complete their own section, will require an FSA ID to be created ahead of time, will use new terminology, and more.…
By
Meredith Clement
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Scholarships include Sport Clips Help A Hero Scholarship, 280 Group Product Management Scholarship, Minority/Women in STEM Scholarship, Cooke College Scholarship Program, Education Matters Scholarship, and The Andrew Flusche Scholarship Contest. …
By
Lauren Danz
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Learn about the SAI, a calculated number based on the data that a family inputs into the FAFSA and a calculation set by Congress that is designed to represent the family's financial strength and their ability to pay for college. The SAI replaces the formerly used Expected Family Contribution (EFC).…
By
Meredith Clement
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Learn about the CSS Profile, a financial aid application used by roughly 200 colleges, universities, and scholarship agencies to determine eligibility for institutional financial aid funds, including what colleges require it, why colleges use it, how it differs from the FAFSA, and the cost. …
By
Meredith Clement
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Learn about MassReconnect, a new program that pays for tuition, fees, books, and supplies at any community college in Massachusetts for MA residents 25 and older who have not yet earned a college degree, including how to apply and the resources available at colleges to help students succeed. …
By
Shaun Connolly
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With compound interest, your accrued interest will also accrue interest, further increasing the savings in your 529 account. This is a powerful tool that grows more powerful the longer you are investing, meaning you do best when you start earliest.…
By
Jonathan Hughes
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Scholarships include the CJ Pony Parts Scholarship, Atlas Shrugged Scholarship, Cards Direct Scholarship, WebstaurantStore Foodservice and Hospitality Scholarship, and Brooklyn Injury Attorney's Scholarship.…
By
Lauren Danz
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The SAVE plan increases the amount of protected discretionary income, forgives any interest that accrues each month that is not covered by the calculated monthly payment amount, and starting in July 2024, will decrease the percentage of the discretionary income in the calculation.…
By
Shawn Morrissey
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Learn if 529 plans can be used for graduate school, what to do with funds remaining after graduation, if each beneficiary needs a separate account, the maximum you can contribute each year, how the account affects financial aid, how grandparent-owned accounts work, and more. …
By
Meredith Clement
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