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.

Three MEFA employees who have helped their own children through the college planning process provide advice on looking at schools, staying organized, keeping calm and staying balanced, applying, and paying. …
By Lauren Patten    |
6 Ways to Make College Less Expensive
Tips include start saving, look for scholarships early, earn college credits in high school, consider community college, attend college online, and apply for financial aid. …
By Meredith Clement    |
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    |
Here's How Colleges Calculate Your EFC
We break down the EFC formula, including how to determine your Available Income, Contribution from Assets, and Student Contribution. …
By Meredith Clement    |
A recent survey asked Generation Z how they plan to pay for college, including topics such as considering cost, career plans, family conversations, saving for college, and borrowing wisely. …
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    |
How Much Will I Need for Non-Billed College Expenses?
We break down the most common examples, including books, laptop, travel, dorm needs, parking fees, and food and beverage. …
By Lauren Patten    |
Determine each school's total cost including billed and unbilled expenses, determine each school's net cost including grants and scholarships, and determine any future year net cost changes by speaking to the financial aid office. …
By Lauren Patten    |
Father and daughter using laptop in living room
We discuss work study, the John and Abigail Adams Scholarship, how scholarships affect financial aid, subsidized vs unsubsidized loans, Federal Direct Loan limits and interest rates, MA state aid, and how to use your college savings funds. …
By Meredith Clement    |
Catherine's Story: Community College to 4-Year Degree
The Director of Financial Aid at Brandeis University discusses her journey to Boston College, adjustments she faced after transferring, the benefits of the Commonwealth Commitment, and potential challenges for community college students. …
By Julie Shields-Rutyna, Catherine Nelson    |