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    |
Woman fitting student loan payments into financial plans
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    |
father and son using computer to get answers to questions about student loans
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    |
Father and daughter using computer to learn about MEFA Loans
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    |
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    |