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.

MEFA is advising student loan borrowers of a recent wave of student loan debt relief scams using high-pressure sales tactics and promising repayment assistance in exchange for upfront fees.…
By Lisa Rooney    |
Woman fitting student loan payments into financial plans
Read one woman's story of how she fits student loan payments into her budget and learn how you can make repayment work with your larger financial goals. …
By Lisa Rooney    |
father and son using computer to get answers to questions about student loans
Get answers to questions on Federal Direct Student Loans, the PLUS Loan, co-borrowers, loan amount and timing, loans for multiple children, repayment, and credit. …
By Meredith Clement    |
Woman using computer to learn about student loan repayment
Learn if you can set up a monthly auto-pay, how early you can begin repayment, if there's a penalty for repaying early, how many servicers you may have, and how to consolidate. …
By Meredith Clement    |
woman using laptop
Learn about student loan deferment, if it could impact your credit score, what to consider when deferring, and how to request deferment. …
By Lisa Rooney    |
Man on train using his phone
Prepayments will now count as a qualifying payment, lump sum payments will now count for as many qualifying payments as they cover, and borrowers must now complete only one form to apply for loan forgiveness. …
By Shaun Connolly    |
College campus
Assistance to students includes help if a student withdraws from college due to COVID, suspension of payments and interest on Federal Direct Student Loans and FFELP Loans, and suspension of wage garnishment. …
By Meredith Clement    |
Man using laptop in cafe
Learn about common tactics scammers use, how to identify a scam, how to report a scam, and what to do if you've responded to a scammer. …
By Lisa Rooney    |
Woman using laptop in cafe
Tips include finding scholarships, renting textbooks, participating in MassTransfer, taking advantage of employer loan repayment, and making your minimum loan payment. …
By Mary Rubenis    |
Parents and young son using laptop together
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    |