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.

Understanding MEFA Loan Repayment Options
The repayment term on a MEFA Loan will affect the total loan cost and interest rate, and determine when repayment begins. The sooner the repayment begins, the lower the total cost of the loan.…
By Meredith Clement    |
How Much Will This MEFA Loan Cost Me?
Learn how to use the Student Loan Payment Calculator to find out your projected monthly payment and total loan cost based on the amount you plan to borrow, the interest rates for all five repayment options, and the length of repayment.…
By Meredith Clement    |
What You Need to Know About Borrowing a MEFA Loan
Find out how the application process works, who the borrower is, how the total cost differs, what the grace period is, and how borrowers can get help with financial hardships. …
By Stephanie Wells    |
The Simple Steps to Applying for a MEFA Loan
We walk you through the steps of applying for a MEFA Loan, including adding a co-borrower, retrieving an application, selecting repayment terms, and e-signing. …
By Meg Villavicencio    |
How Health Insurance Can Affect Your College Bill
Waive the college's health insurance charge if the child is already covered with a family plan and get in touch with your insurance provider if your child is going out of state to check coverage.…
By Jonathan Hughes    |
Payment plans are interest free and allow you to pay for college costs over the span of several months.…
By Jonathan Hughes    |
Why the Cost of College Isn't as High as You Think
Learn how financial aid can significantly lower a college's price tag.…
By Jonathan Hughes    |
What Are These Loans on My Financial Aid Offer?
You may see Subsidized or Unsubsidized Federal Direct Loans, a MA No Interest Loan, or a PLUS Loan.…
By Stephanie Wells    |
Pay attention to housing, the dining hall, transportation, safety, the social scene, and academics.…
By Shaun Connolly    |
What Can You Expect to See in a Financial Aid Offer?
Financial aid offers may include costs, grants and scholarships, work-study, college loans, private scholarships, and factors that determined your financial aid eligibility. …
By Julie Shields-Rutyna    |