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 aspects of a loan agreement, including advances, promises to pay, default, change in contact information, limits on discharge of debt in bankruptcy, and co-borrower liability.…
By
Lauren Danz
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MEFA Loans are available nationwide, don't accrue interest until they are disbursed, are a family loan, have a small interest rate range, and include free guidance. …
By
Meredith Clement
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Scholarships include Women in STEM Scholarship, El Café Del Futuro Scholarship, Financial Empowerment Scholarship, Minecraft Scholarship, Platt Family Essay Contest, Flavor of the Month Scholarship, Avonte Oquendo Memorial Scholarship, Gen and Kelly Tanabe Scholarship, and more.…
By
Lauren Danz
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Tips include having a thorough college list, checking the portal, communicating as a family, checking in weekly, staying calm, expecting the unexpected, preparing for rejections, and trusting in a happy ending. …
By
Meredith Clement
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Whether a parent is working or retired, the college calculates the parent(s)' total income and uses that figure in the standard financial aid formula to determine how much they believe the family can contribute toward college costs.…
By
Meredith Clement
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Learn the steps an aunt took to help open a U.Fund 529 account for her nephews so they could receive a $50 seed deposit from the BabySteps Savings Plan. …
By
Lisa Rooney
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Your lender will provide you with a final disclosure once your education loan is finalized, which will include the amount you borrowed, your interest rate, any fees, and how much the loan will end up costing you in total. …
By
Meredith Clement
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Scholarships include the HVAC Hero Scholarship, Women in HVACR Scholarship, Koehler Family Trades and Engineering Scholarship, SkillPointe Foundation Scholarship, Home Depot Foundation's Path to Pro Scholarship, and NAWIC Construction Trades Scholarship. …
By
Lauren Danz
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529 plans offer tax benefits, have minimal impact on financial aid, and can be used for expanded qualified expenses. Saving in a 529 plan, no matter how close your child is to starting college, can help you take advantage of these benefits and prepare you to utilize a monthly college payment plan.…
By
Jonathan Hughes
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Learn what other names Tuition Break has gone by, how the program works with the Common App, when participating schools are announced, how eligibility is determined, how the program works for undecided students, how it affects financial aid, and what happens if students change their major. …
By
Jonathan Gowin , Julie Shields-Rutyna
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