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Repayment

A Solution for Student Loan Repayment

Our mission here at MEFA has always been to help make college accessible and affordable for students and families. As a not-for-profit state authority, we provide valuable information, expert guidance, and financial resources to help students pursue a college degree. To that end, we’re excited to introduce a new product, the MEFA Education Refinancing (REFI) Loan, to provide additional assistance to individuals repaying education loans.

The MEFA REFI Loan allows education loan borrowers to combine all of their loan debt into one refinanced loan designed to provide a lower monthly payment. With this new loan product, borrowers can:

  • Refinance any eligible federal or private college loan

  • Stay better organized with just one simple loan payment

  • Select a fixed or variable interest rate

  • Free up additional cash each month


Simply put, the MEFA REFI Loan provides a solution for education loan borrowers seeking a better way to manage and afford their monthly loan payments. And, of course, the MEFA REFI Loan comes with the service and commitment that defines who we are. Everything about our loan is transparent, so potential borrowers will know the costs and conditions upfront. And we’re available through phone and email to answer your questions and provide any additional information needed.

To learn more about the new MEFA REFI Loan, visited our dedicated webpage here, call us at (855) 433-REFI (7334), or email us at refi@mefa.org.

Jim Leighton joined MEFA in 1997 and currently serves as Chief Financial Officer. His management portfolio includes responsibility for the capital markets activities, loan originations and loan servicing, risk management and regulatory compliance, financial planning and budgeting, accounting policies, and financial reporting. Prior to joining MEFA, he was a Portfolio Administrator for Mercantile Bank & Trust Company and a Financial Analyst for U.S. Trust and Fleet Management & Recovery Corporation.





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