How much will this MEFA Loan cost me?

Learn how to use the Loan Payment Calculator to find out your projected monthly payment and total loan cost based on the amount you plan to borrow, the interest rates for all five repayment options, and the APR. Read More

The College Search: Researching Financial Fit

Our checklist includes checking the College Scorecard to learn about affordability and value, using a school’s Net Price Calculator to determine the financial aid you could receive, and reading through admissions and financial aid websites to learn about merit scholarship and different financing opportunities.  Read More

What to know about the John & Abigail Adams Scholarship

Learn what scores a student must receive on their MCAS in order to qualify, what the scholarship covers, how to apply the award, how to maintain the scholarship, and how much the scholarship is worth at each Massachusetts school.  Read More

MEFA Loan Rate Decreases Amid Rising Interest Rates

Contact: Lisa Rooney (617) 224-4838 lrooney@mefa.org BOSTON – The starting interest rate on the state’s college loan will decrease for the upcoming academic year in contrast to the increase in… Read More

Tips on Borrowing a College Loan

Understand loan terminology, borrow federal student loans first, minimize borrowing, assess affordability, and get trusted advice Read More

How does a recent grad handle student loan repayment?

A UMass Amherst graduate breaks down his plan – including tackling private loans first, consolidating federal loans, switching to an income-based repayment plan, and factoring loans into an overall monthly budget.  Read More

Google’s New College Search Feature

Find out the acceptance rate, graduation rate, total student enrollment, average cost after financial aid, typical annual alumnus/a income 10 years after enrollment, typical total student debt after graduation, and typical monthly loan payment all in one easily accessible place. Read More

MEFA News

MEFA Loan Rate Decreases Amid Rising Interest Rates

Contact: Lisa Rooney (617) 224-4838 lrooney@mefa.org BOSTON – The starting interest rate on the state’s college loan will decrease for the upcoming academic year in contrast to the increase in…