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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.

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    |
Private Student Loans vs. Federal Student Loans: What's the Difference?
Federal loans can be subsidized or unsubsidized, have an interest rate of 2.74% for the 2020-21 academic year, and tend to be more lenient with repayment. Private loans are offered by various lenders, typically have interest rates tied to credit scores, and usually are stricter with repayment.…
By Shaun Connolly    |
Answering Your Questions About Student Loans
Questions include how do I get the Federal Direct Student Loan, how do lenders decide on the interest rate they offer each borrower, how do we pay a loan's origination fee, and how long does it usually take for a student loan application to process.…
By Meredith Barnhart    |
How to Apply for Private Student Loans
Learn what you need to know when comparing private loan options and the steps for applying once you have decided on a lender, including visiting the lender's website, completing the application, selecting your loan, and signing the Loan Agreement with your co-borrower. …
By Shaun Connolly    |
5 Key Terms to Know About Student Loans
Terms include Interest Rate, Annual Percentage Rate (APR), Repayment Term, Application and Solicitation Disclosure, and Co-Borrower. …
By Jonathan Sparling    |
Scholarships with May Deadlines
Scholarships include ACF Visionary Scholarship, Tiger Chef Culinary and Hospitality Program Scholarship, Mobile Application Development Scholarship, Philosophy Scholarship, Cottage Inn Pizza Scholarship, and The Hubertus W.V. Willems Scholarship. …
By Lauren Patten    |
Finding Scholarships with Fastweb
Learn what Fastweb is, how it got started, what sets it apart from other online scholarship platforms, how students can apply for scholarships, and examples of past success stories. …
By Lauren Patten    |
Scholarships with April Deadlines
Scholarships include Horatio Alger Career and Technical Scholarship, Pretty Lightroom Presets Scholarship, We The Students Essay Contest, Signet Essay Contest, Ortho Dermatologics ASPIRE HIGHER Scholarship, Kim Beneschott Creative Arts Scholarship, Crossword Hobbyist Crossword Scholarship, and RentHop's College and University Scholarship Program. …
By Meredith Barnhart    |
Finding Scholarships with Bold.org
Learn what bold.org is, what sets it apart from other online scholarship platforms, how it got started, how students can apply for scholarships, and how students have been successful in the past. …
By Lauren Patten    |
What We Learned About College Affordability: A Twitter Chat Recap
Read what we learned about creating a financial plan, financial aid options, financial planning, financial aid timelines, and staying on top of payments throughout college. …
By Ajea Stupart    |
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