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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.

What is the Effect of Retirement Savings on Financial Aid?
Retirement savings are not reported on the FAFSA, but they are reported on the CSS Profile, meaning they could potentially affect your financial aid award at certain schools. …
By Lauren Patten    |
Highlights include the launch of a chat bot to answer questions from student borrowers, the consolidation of several Federal Student Aid websites, a new Informed Borrower Tool, an offering of income-share agreements, and a new Loan Simulator. …
By Meredith Barnhart    |
Tips include knowing your student loan servicer, knowing how you will pay, creating a budget, saving, and considering future goals. …
By Ajea Stupart    |
84% of parents say they would welcome a contribution towards their child's college education over a traditional gift. However, only 33% of parents have actually mentioned this idea to their family and friends.…
By Lisa Rooney    |
Learn what we mean by "extenuating circumstances", what qualifies as an extenuating circumstance, what you need to submit to your college, and when to submit it. …
By Jonathan Sparling    |
Tips from our partners include creative ideas that can help your child earn money, gardening tips, ideas on how to save during back-to-school season, tips on encouraging college gifting from family and friends, and inexpensive ways to spend time with family. …
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    |
We interview the ScholarJet CEO & Co-Founder about what ScholarJet is, how it got started, how students and recent graduates can apply, and student success stories. …
By Lauren Patten    |
College Savings Accounts and Financial Aid
We answer frequently asked questions including does a student get ignored for financial aid if the family has a college savings account, how does a college savings account affect my eligibility for financial aid, will the financial aid amount change once the school learns of my college savings account, and what happens if my grandparents save for my college? …
By Meredith Barnhart    |
Satisfactory Academic Progress (SAP): What You Need to Know
Learn about SAP Criteria and Examples, what happens if you do not meet a college's SAP standards, common myths about SAP, and how to stay on track. …
By Lauren Patten    |
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