1. Minimize Borrowing by Considering All Resources
Use your savings
If you have saved in a college savings plan, we have the details on how to use your savings to pay for college costs.
Get the Details
Sign up for the college's payment plan
Payment plans are an interest-free way to pay your college balance over several months.
Learn More
2. Borrow Wisely
Borrow federal student loans first
If you haven't yet, submit the FAFSA to qualify for your Federal Direct Student Loan, which you should borrow before any private loan.
File the FAFSA
Learn key terms and borrowing tips
We highlight important loan terminology and how to make wise borrowing decisions
See the List
3. Learn about Other Types of Loans
Understand loan types
There are significant differences between federal and private student loans.
Learn More
Use MEFA's Student Loan Payment Calculator
Before you borrow, find out your potential interest rate, monthly payment, and total loan cost on a MEFA Loan.
Calculate Now
Comparing College Loan Options Webinar
Register for a live Comparing College Loan Options webinar or watch our recorded webinar to learn key loan terms, find out how to differentiate between loan options, and get the steps to follow to make the best loan decision for your family.
Apply for a MEFA Loan
MEFA Loans have low, fixed interest rates, no fees, and multiple repayment options. Our application takes just a few minutes and provides an instant decision.
The MEFA Podcast: How Do Private Student Loans Work?
90 Seconds with MEFA: Wise Borrowing
Contact Us
Reach out to our College Planning Team with your questions at (800) 449-6332 or collegeplanning@mefa.org.
Request an Appointment
Complete our online form to request a one-on-one appointment with a MEFA College Planning Team member.
Sign Up for Emails
Sign up for relevant, helpful college planning emails.