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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.

Ways to Minimize Student Loan Debt
Tips include finding scholarships, renting textbooks, participating in MassTransfer, taking advantage of employer loan repayment, and making your minimum loan payment. …
By Mary Rubenis    |
Saving for College While Paying Off Student Loans
When deciding which to prioritize, use tools to determine the cost of delaying saving for college and the interest you will save by prepaying your loan. …
By Jonathan Hughes    |
How to Refinance Student Loans
Tips include researching the benefits, understanding your loans, deciding on a fixed or variable interest rate, comparing lenders, and preparing your documents. …
By Lauren Patten    |
Tips include knowing your student loan servicer, knowing how you will pay, creating a budget, saving, and considering future goals. …
By Ajea Stupart    |
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 to Know About Student Loan Debt Relief Scams
We interview the Assistant General Counsel at the Missouri Higher Education Loan Authority about how debt relief scams work, what the end goal of the scammers is, and how borrowers can protect themselves from scams. …
By Jonathan Sparling    |
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    |
5 Things to Know About Public Service Loan Forgiveness (PSLF)
Make 120 eligible payments while working for an eligible employer, it doesn't matter what you do for a living, don't consolidate unless you are required to, submit your proof of employment annually, and don't pay more than you have to.…
By Betsy Mayotte    |
Tips include talking to your loan servicer, talking to friends, creating a budget, setting a goal, and making a plan. …
By Ajea Stupart    |
Repaying Your Federal Student Loans: 5 Facts You Should Know
Facts include that payment application is dictated by federal regulation, paying extra results in a "paid ahead" status, paying extra can save you money over time, sometimes accrued interest can capitalize, and sometimes it's okay if your payment amount is less than your accrued interest. …
By  , Betsy Mayotte    |
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