Use this tool to estimate your monthly student loan payment and total cost on an Undergraduate MEFA Loan. Simply input the amount you plan to borrow, the number of years before your child graduates (e.g. 4 years for incoming freshmen, 3 years for incoming sophomores, etc.), and the estimated strength of your credit profile.
Currently, MEFA Undergraduate Loan interest rates range from 4.95% to 8.90% (4.95% – 8.90% APR*). Once you’re ready to apply for a MEFA Loan, simply click the Apply Now button below.
*The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan and reflects the loan’s interest rate, timing of payments, and in-school and post-school period assumptions. The lowest rates are only available to the most creditworthy applicants.
