Paying for College
When it comes time to pay for college, you have options.
Ways to Pay
The college price tag can be high, but there are resources and methods to help your family manage the expense when the college bill comes due.
College Savings
The U.Plan Prepaid Tuition Program and the U.Fund 529 Plan offer tax advantages and other benefits
Learn MoreMassachusetts Programs
The Commonwealth of MA has programs to reduce or eliminate tuition charges, waive fees, and pay for books
Learn MorePrivate Scholarships
There are many different sources of private scholarships, all dedicated to helping you cut college costs
Learn MorePrivate Loans
Several lenders, like MEFA, offer financing options for college with a range of interest rates and repayment terms
Learn More
College Loans 3.29%-8.89% APR*
Fixed interest rates, multiple repayment options, no application or origination fees, and an instant decision on complete applications
*The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan and reflects MEFA’s current underwriting criteria, loan rates, and deferment period assumption. MEFA’s lowest rates are only available to the most creditworthy applicants.
College Communications
Financial Aid Offers
Colleges will share the financial aid you’re receiving from the federal government, the state government, and their own sources on the financial aid offer
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The College Bill
You’ll likely receive your college bill electronically, with just one semester’s charges
Learn MoreCalculators for MEFA Loans and College Cost
- Undergraduate Loan Payment Calculator
- College Cost Calculator
Financial Aid Offers & the College Bill
This webinar provides valuable guidance for high school seniors on understanding financial aid offers and different methods to pay for college costs. Topics include an overview of different types of financial aid, an explanation of how to calculate the balance due at each college, ways to pay the college bill, and how to make the college decision.
Related Resources
Related Resources
