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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.

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    |
Student in library studying
Questions include how private loans for undergraduate students work, how much undergraduates can borrow, if you need a co-borrower for undergraduate loans, and if you can get an undergraduate student loan with bad credit. …
By Meredith Clement    |
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    |
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    |
man using laptop
Topics include the amount to borrow, the timing of applying, reducing loan amounts, and increasing loan amounts …
By Stephanie Wells    |
man using laptop
Questions include how do I get the Federal Direct Student Loan, how do lenders decide on the interest rate they offer each borrower, how do we pay a loan's origination fee, and how long does it usually take for a student loan application to process.…
By Meredith Clement    |
Family reviewing papers
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    |
People using laptop
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    |
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