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MEFA Blog

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.

10 More Financial Aid FAQs
Question topics include work-study, other real estate, legal guardianship, savings bonds, loan interest rates, businesses, parent credit, and transgender students…
By Meredith Clement    |
Student Filing the FAFSA
Mistakes include missing a school's deadline, putting parent info in the student section, using a nickname, forgetting to add schools, incorrectly reporting taxable grants and scholarships, leaving college-going siblings out of the household size, using the wrong Social Security number, and not using the IRS Data Retrieval Tool.…
By Meredith Clement    |
Don't Miss These 10 Financial Aid FAQs
Topics include completing financial aid applications, getting an FSA ID, who requires the CSS Profile, applying for financial aid without a Social Security number, who should complete the financial aid applications, the affect of 529 accounts on financial aid, the financial aid timeline, EFC Calculators, and helpful websites. …
By Meredith Clement    |
What You Need to Complete Your Financial Aid Applications
Items needed include an FSA ID, a College Board username and password, a student's driver's license, a list of colleges where the student is applying, Social Security numbers, W-2 form(s), and untaxed income records. …
By Meredith Clement    |
5 Facts About Federal Student Loans
Facts include you must complete a process called Entrance Counseling, The Master Promissory Note (MPN) is a legal document that must be signed by the loan borrower, only the student is the sole borrower, there are origination fees and both annual and lifetime amounts, and you have multiple repayment options. …
By Jonathan Sparling    |
Student using laptop
To use this calculator, enter the cost of up to four schools, the gift aid you received from each school, the amount you received in Federal Direct Loans, and any other resources that will help you pay for college to see how much you will owe at each school. …
By Meredith Clement    |
Father and daughter using laptop in living room
We discuss work study, the John and Abigail Adams Scholarship, how scholarships affect financial aid, subsidized vs unsubsidized loans, Federal Direct Loan limits and interest rates, MA state aid, and how to use your college savings funds. …
By Meredith Clement    |
Financial Aid for International Students
We explain how international students can complete the FAFSA and CSS Profile, where they can search for scholarships, which loan options are available to them, and what type of schools can provide the most financial aid for them. …
By Lauren Patten    |
Can I Ask a Financial Aid Office for More Money?
We asked financial aid administrators at three different Massachusetts colleges how they would respond if a perspective student appealed for more financial aid. Answers ranged from not matching another school's offer to potentially granting more moderate requests. …
By Jonathan Hughes    |
Understanding Student Loan Refunds
We talk with an Assistant Director of Student Financial Services to discuss what a student loan refund is, what the process is like for requesting one, how long the process takes, and how the refund is credited. …
By Michelle LaBonte    |
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