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.

Borrowing Wisely Means Having a Plan
Before borrowing, take into consideration what you expect to make in your first job, what your loan payment will look like when you graduate, and what you estimate your other future expenses to be. …
By Lisa Rooney    |
Man using tablet to learn about credit score
Tips for a healthy credit score include pulling your free annual credit report, identifying the credit score you have and the credit score you need, knowing how your credit score is calculated, and raising your score if necessary. …
By Jonathan Hughes    |
How Much Will I Need for Non-Billed College Expenses?
We break down the most common examples, including books, laptop, travel, dorm needs, parking fees, and food and beverage. …
By Lauren Patten    |
Determine each school's total cost including billed and unbilled expenses, determine each school's net cost including grants and scholarships, and determine any future year net cost changes by speaking to the financial aid office. …
By Lauren Patten    |
Catherine's Story: Community College to 4-Year Degree
The Director of Financial Aid at Brandeis University discusses her journey to Boston College, adjustments she faced after transferring, the benefits of the Commonwealth Commitment, and potential challenges for community college students. …
By Julie Shields-Rutyna, Catherine Nelson    |
Person using MEFA's EFC Calculator
Calculate your EFC by entering your state of residence, the number of people in your household, the number of children you anticipate to be in college, information about the finances of the student's parents, and financial information for the student.…
By Meredith Clement    |
You've Been Approved for a MEFA Loan. Now What?
Next steps include signing the MEFA Loan Agreement (MLA) and Self-Certification Form, having the college certify the loan, setting up an account with our servicer American Education Services (AES), returning excess funds, and making voluntary payments if you wish to do so. …
By Stephanie Wells    |
MEFA is excited to be a part of ForYouNotForProfit.org, which includes information on financial aid and scholarships, guidance on establishing a college savings account, and a streamlined search engine to help students and parents find education loans through non-profit and state-chartered organizations.…
By Lauren Patten    |
Still Have a College Bill Balance?
Your student may need to: complete federal loan requirements, ensure private scholarships and payment plans have credited the account, submit documentation to the financial aid office, or follow up with your private loan lender.…
By Meredith Clement    |
Senior Year College Planning Checklist
Take your standardized tests, write your essay, get your letters of recommendation, complete your applications, apply for financial aid, and select your college.…
By Marlene Sabeh    |