Skip to main content
We remain dedicated to serving you during these challenging times of COVID-19.
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.

How I'm Paying off My Student Loans, FAST!
Strategies include make a plan, think about the payoff order, prioritize, spend less, and make more. …
By Lauren Patten    |
What You Need to Know About MEFA Loans
Get the facts including interest rates, no fees, instant application decision, multiple repayment options, set monthly payments, and expert guidance. …
By Meredith Clement    |
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    |
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    |
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    |
You may see Subsidized or Unsubsidized Federal Direct Loans, a MA No Interest Loan, or a PLUS Loan.…
By Stephanie Wells    |
4 Commonly Asked Questions About Spring Semester College Loans
Within a college's spring semester, questions on education loans often arise from parent and student borrowers. Many inquiries stem from students transferring schools and wondering how the change will affect their loan funds.…
By Meredith Clement    |
Why You Should Visit These Federal Financial Aid Websites
Websites include StudentAid.gov, fafsa.gov, FSAID.ed.gov, and MyEDDebt.ed.gov.…
By Meredith Clement    |
With a fixed interest rate starting at 4.69% (APR* 5.81–6.18%), the MEFA Loan has among the lowest rates offered by a state-sponsored college loan lender.…
By Martha Savery    |
Share FacebookTwitterLinkedinEmail