Skip to main content
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 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    |
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    |
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 Facts About Federal Student Loans
Facts include you must complete a process called Entrance Counseling, The Master Promissory Note (MPN) is a legal document that must be signed by the loan borrower, only the student is the sole borrower, there are origination fees and both annual and lifetime amounts, and you have multiple repayment options. …
By Jonathan Sparling    |
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 Barnhart    |
Understanding Student Loan Refunds
We talk with an Assistant Director of Student Financial Services to discuss what a student loan refund is, what the process is like for requesting one, how long the process takes, and how the refund is credited. …
By Michelle LaBonte    |
Next steps include signing the MEFA Loan Agreement (MLA) and Self-Certification Form, having the college certify the loan, setting up an account with our servicer American Education Services (AES), returning excess funds, and making voluntary payments if you wish to do so. …
By Stephanie Wells    |
The differences between Subsidized and Unsubsidized Loans include the timing of when interest starts accruing, the eligibility for awarding based on financial need, and the maximum amount permitted.…
By Meredith Barnhart    |
Share FacebookTwitterLinkedinEmail