What You Need to Know About MEFA Loans

Get the facts including interest rates, no fees, instant application decision, multiple repayment options, set monthly payments, and expert guidance.  Read More

The Inside Scoop on the Commonwealth Commitment

The manager the Commonwealth Commitment program explains her role at the Department of Higher Education, how Reverse Transfer Pathway help students, the benefits of the Commonwealth Commitment program, how it compares to programs in other states, and how students learn about the program.  Read More

Who Knew I Was Rich? Calculating Your EFC

We break down the EFC formula, including how to determine your Available Income, Contribution from Assets, and Student Contribution.  Read More

Paying for College: Today’s Stats and Tips

A recent survey asked Generation Z how they plan to pay for college, including topics such as considering cost, career plans, family conversations, saving for college, and borrowing wisely.  Read More

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.  Read More

Credit Scores: The Most Important Part of College Financing That Nobody is Talking About

Tips for a healthy credit score include pulling your free annual credit report, identifying the credit score you have and the credit score you need, knowing how your credit score is calculated, and raising your score if necessary.  Read More

How Much Will I Need for Non-Billed College Expenses?

We break down the most common examples, including books, laptop, travel, dorm needs, parking fees, and food and beverage.  Read More

MEFA News

MEFA Education Loan Offers Interest Rates Among Nation’s Lowest

MEFA Education Loan Offers Interest Rates Among Nation’s Lowest Starting Rate Drops to 3.95%* MEFA’s low-cost college loan for the 2019-2020 academic year delivers interest rates among the lowest offered…

Community Events

Dreams Tour at Riverfest in Gloucester

August 24, 2019

12:00pm—6:00pm

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