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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.

Understanding Your EFC
Topics include defining the EFC, the EFC formula, EFC location, and multiple EFCs.…
By Meredith Clement    |
Applying for Financial Aid FAQs
Learn how the process works for twins, which 529 plans to report, who should be the custodial parent, how to include special circumstances, and more. …
By Meredith Clement    |
Ways to Minimize Student Loan Debt
Tips include finding scholarships, renting textbooks, participating in MassTransfer, taking advantage of employer loan repayment, and making your minimum loan payment. …
By Mary Rubenis    |
Scholarships with November Deadlines
Scholarships include The Andrew Flusche Scholarship Contest, Future Designer Scholarship, Ivey Engineering Inc. Scholarship, Prudential Spirit of Community Awards, Create Real Impact Contest, Education Matters Scholarship, and Global Therapy 2020 Academic Excellence Award. …
By Lauren Patten    |
What's the Difference Between the U.Fund and U.Plan?
The U.Fund offers flexibility, can be used for qualified education expenses, and is invested in the market. The U.Plan offers peace of mind, can be used for tuition and mandatory fees, and is invested in bonds. …
By Jonathan Hughes    |
College Admissions in a Year of Uncertainty
A Senior Associate Director of Admissions answers questions including how admissions offices handle missed or swapped classes, how students can be the best applicants, and how this year's deferrals may impact next year's admissions. …
By Andrew Carter    |
The U.Plan Prepaid Tuition Program and COVID-19
Learn what a tuition decease means for your lock-in, if it makes sense to invest if tuition has decreased, and how much your U.Plan earnings are worth if utilizing them when tuition has deceased. …
By Lisa Rooney    |
Key Details of the U.Plan Prepaid Tuition Program
With the U.Plan, you can save all year long, there's a minimum, it's a safe investment, it's for undergraduate study, you don't have to decide on a school now, there are age restrictions, and there are tax incentives. …
By Lisa Rooney    |
FAQs on Borrowing Student Loans During Uncertain Times
Topics include the amount to borrow, the timing of applying, reducing loan amounts, and increasing loan amounts …
By Stephanie Wells    |
Saving for College While Paying Off Student Loans
When deciding which to prioritize, use tools to determine the cost of delaying saving for college and the interest you will save by prepaying your loan. …
By Jonathan Hughes    |
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