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.

People using laptop
Terms include Interest Rate, Annual Percentage Rate (APR), Repayment Term, Application and Solicitation Disclosure, and Co-Borrower. …
By Jonathan Sparling    |
Student in dorm room
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    |
Woman using calculator
We offer guidance on the 1098-T, 1098-E, 1099-DIV for U.Plan, and 1099-Q. …
By Meredith Clement    |
5 Ways to Save on New England College Costs
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    |
Ways to Reduce College Costs
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 Mark Bilotta    |
6 Ways to Make College Less Expensive
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 Clement    |
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 Clement    |
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 Clement    |
A recent survey asked Generation Z how they plan to pay for college, including topics such as considering cost, career plans, family conversations, saving for college, and borrowing wisely. …
By Meredith Clement    |