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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.

Applying for Financial Aid with International Parents
If parents are U.S. citizens living abroad, they can still create an FSA ID, but will need to convert income and assets into U.S. dollars. If parents are not U.S. citizens, they will not be able to create an FSA ID and will need to print out the signature page and mail it to the address indicated. …
By Jonathan Hughes    |
What You Need to Know About Merit-Based Financial Aid
Answers to merit-based aid questions include: What is it? Does every school offer it? Will I receive it every year? How do I apply for it? What else should I know about it?…
By Meredith Clement    |
Applying for Financial Aid When Parents Are Divorced
Learn how to file the FAFSA (where only the custodial parent will provide information), how to file the CSS Profile (where both custodial and noncustodial parents usually provide information), and what to do if the noncustodial parent is not available. …
By Julie Shields-Rutyna    |
Topics include financial aid applications, application deadlines, where to find information, merit-based aid, financial aid types, verification, and what happens after students apply…
By Ajea Stupart    |
Reporting Income on Financial Aid Applications
We speak with a Director of Student Financial Services to learn what income gets reported, what happens if income changes due to a job loss, how to report income if you're self-employed, and what happens if you withdraw funds from a retirement account. …
By Susan Beard    |
Defining Assets on Financial Aid Applications
Learn what assets you don't have to report on the FAFSA (primary home, retirement savings, life insurance, a small family business) as well as what assets you do have to report (savings and checking accounts, investments, other property owned), as well as details on what to report on the CSS Profile. …
By Jonathan Hughes    |
Do You Know These Financial Aid Acronyms?
Learn the meaning of FAFSA, EFC, COA, FWS, SAR, ED, CSS, FAA, PLUS, and MEFA. …
By Lauren Patten    |
Applying for Financial Aid Checklist
Research each school's financial aid requirements and deadlines, submit the FAFSA and other required applications, such as the CSS Profile or institutional form, and complete Verification if selected…
By Amy Staffier    |
Counselors can learn about the FAFSA Completion Tool, what it shows you, how to use and access it, and how this tool can help you take school-wide action when it comes to getting students to complete the FAFSA. …
By Meredith Clement    |
student using tablet to learn about subsidized and unsubsidized loans
The differences between Subsidized and Unsubsidized Loans include the timing of when interest starts accruing, the eligibility for awarding based on financial need, and the maximum amount permitted.…
By Meredith Clement    |
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