College Savings Accounts and Financial Aid

We answer frequently asked questions including does a student get ignored for financial aid if the family has a college savings account, how does a college savings account affect my eligibility for financial aid, will the financial aid amount change once the school learns of my college savings account, and what happens if my grandparents save for my college?  Read More

Satisfactory Academic Progress (SAP): What You Need to Know

Learn about SAP Criteria and Examples, what happens if you do not meet a college’s SAP standards, common myths about SAP, and how to stay on track.  Read More

Financial Aid for Undocumented Students or Parents

We provide tips on how you should file the FAFSA, who you should contact at the colleges you are applying to, which loans you can borrow, and what scholarships to apply for.  Read More

10 More Financial Aid FAQs

Question topics include work-study, other real estate, legal guardianship, savings bonds, loan interest rates, businesses, parent credit, and transgender students Read More

Common Mistakes Families Make on the FAFSA

Mistakes include missing a school’s deadline, putting parent info in the student section, using a nickname, forgetting to add schools, incorrectly reporting taxable grants and scholarships, leaving college-going siblings out of the household size, using the wrong Social Security number, and not using the IRS Data Retrieval Tool. Read More

Your School Could Win the FAFSA Challenge

A $750 college scholarship will be issued to each of the winning high schools for highest overall FAFSA completion percentage rate and most improved FAFSA completion percentage rate. Read More

Don’t Miss These 10 Financial Aid FAQs

Topics include completing financial aid applications, getting an FSA ID, who requires the CSS Profile, applying for financial aid without a Social Security number, who should complete the financial aid applications, the affect of 529 accounts on financial aid, the financial aid timeline, EFC Calculators, and helpful websites.  Read More

MEFA News

U.Fund 529 College Investing Plan named ‘best-in-class’

U.Fund 529 College Investing Plan named ‘best-in-class’ Morningstar Analyst Rating upgraded to Silver for 2019; new features improve experience for college savers BOSTON [October 31, 2019] – MEFA is proud…

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December 21, 2019

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