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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.

How to Apply for Private Student Loans
Learn what you need to know when comparing private loan options and the steps for applying once you have decided on a lender, including visiting the lender's website, completing the application, selecting your loan, and signing the Loan Agreement with your co-borrower. …
By Shaun Connolly    |
5 Key Terms to Know About Student Loans
Terms include Interest Rate, Annual Percentage Rate (APR), Repayment Term, Application and Solicitation Disclosure, and Co-Borrower. …
By Jonathan Sparling    |
What to Do With COVID-19 Room and Board Refunds
If you used funds from a 529 account to pay for these expenses, the deadline to deposit these funds back into a 529 account without paying income taxes on the funds has been extended.…
By Jonathan Hughes    |
Tax Forms Related to Higher Education
We offer guidance on the 1098-T, 1098-E, 1099-DIV for U.Plan, and 1099-Q. …
By Meredith Barnhart    |
Options include MassTransfer/Commonwealth Commitment, Tuition Break, University of Maine Flagship Match Scholarship Program, UMass Lowell Accelerated Degrees, and Clark University Accelerated BA/Master’s.…
By Julie Shields-Rutyna    |
Reduce costs by taking Advanced Placement (AP) or International Baccalaureate (IB) courses, utilizing the College-Level Examination Program (CLEP) or Prometric’s DSST exams, registering for classes as soon as possible, and thinking carefully before changing your major. …
By Lauren Patten    |
Tips include start saving, look for scholarships early, earn college credits in high school, consider community college, attend college online, and apply for financial aid. …
By Meredith Barnhart    |
What You Need to Know About MEFA Loans
Get the facts including interest rates, no fees, instant application decision, multiple repayment options, set monthly payments, and expert guidance. …
By Meredith Barnhart    |
The manager the Commonwealth Commitment program explains her role at the Department of Higher Education, how Reverse Transfer Pathway help students, the benefits of the Commonwealth Commitment program, how it compares to programs in other states, and how students learn about the program. …
By Julie Shields-Rutyna    |
Here's How Colleges Calculate Your EFC
We break down the EFC formula, including how to determine your Available Income, Contribution from Assets, and Student Contribution. …
By Meredith Barnhart    |
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