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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.

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    |
We interview the ScholarJet CEO & Co-Founder about what ScholarJet is, how it got started, how students and recent graduates can apply, and student success stories. …
By Lauren Patten    |
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    |
How Much Will This MEFA Loan Cost Me?
Learn how to use the Student Loan Payment Calculator to find out your projected monthly payment and total loan cost based on the amount you plan to borrow, the interest rates for all five repayment options, and the length of repayment.…
By Meredith Barnhart    |
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