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 Patten    |
Learn factors to consider when selecting a student loan, what loans to apply for, the difference between loans in a student's name and a parent's name, what interest is involved when paying back financial aid, and if Parent PLUS Loans can be put in the student's name after graduation. …
By Meredith Clement    |
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    |
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    |
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    |
Learn if MEFA Loans require means testing, if co-borrowers roll off after a certain point, if you can borrow MEFA Loans without borrowing Federal Direct Student Loans, if there' s maximum amount you can borrow, and what to do if you are not sure how much you need to borrow. …
By Jonathan Hughes    |
The MEFA Loan interest rates will start at 3.75% for the 2021-22 academic year, substantially lower than the 6.28% offered by the Federal Direct PLUS Loan, and will have no origination fee, no application fee, and no prepayment penalties. …
By Lisa Rooney    |
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    |
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    |