Details include what counts as a loan payment, where employers can deposit matches, when this goes into effect, if all employers participate, and matching limits.…
By Meredith Clement    |
MEFA advises using college savings, taking advantage of an interest-free monthly payment plan, and working part time to minimize borrowing for college.…
By Lisa Rooney    |
Learn about the aspects of a loan agreement, including advances, promises to pay, default, change in contact information, limits on discharge of debt in bankruptcy, and co-borrower liability.…
By Lauren Danz    |
MEFA Loans are available nationwide, don't accrue interest until they are disbursed, are a family loan, have a small interest rate range, and include free guidance. …
By Meredith Clement    |
Your lender will provide you with a final disclosure once your education loan is finalized, which will include the amount you borrowed, your interest rate, any fees, and how much the loan will end up costing you in total. …
By Meredith Clement    |
Loan certification is a process in which the college you are attending reviews the amount you have requested to borrow in an education loan and ensures your eligibility to borrow.…
By Lauren Danz    |
Learn if Federal Direct Student Loans are related to the FAFSA, what the annual loan limit is, the difference between subsidized and unsubsidized loans, how to pay the interest while in school, if the loan can be deferred in graduate school, and more. …
By Meredith Clement    |
When talking to your child about college costs, discuss who will pay for what, who will borrow loans, what amount is feasible for a loan payment, what the four-year plan is, and what to do if you can't afford it. …
By Meredith Clement    |
Tips include knowing the total cost of the loan, having good credit, reading the fine print, understanding that all borrowers have equal responsibility, and choosing the option that is best for your family. …
By Stephanie Wells    |
Learn about interest capitalization, when it typically happens, how you can avoid it, and what the exceptions are. …
By Lauren Danz    |