5 Things to Know About Public Service Loan Forgiveness Program

Make 120 eligible payments while working for an eligible employer, it doesn’t matter what you do for a living, don’t consolidate unless you are required to, submit your proof of employment annually, and don’t pay more than you have to. Read More

Answering Your Top Questions about Financial Aid Awards

We discuss work study, the John and Abigail Adams Scholarship, how scholarships affect financial aid, subsidized vs unsubsidized loans, Federal Direct Loan limits and interest rates, MA state aid, and how to use your college savings funds.  Read More

Preparing for Life After College: Student Loan Repayment

Tips include talking to your loan servicer, talking to friends, creating a budget, setting a goal, and making a plan.  Read More

Our Top 20 Blogs of 2018

Top blogs include “Want to Win $3,000? Enter These Scholarship Contests,” “What to Know About the John & Abigail Adams Scholarship,” “Scholarships for Younger Ages,” and “The College Search Process: College Fairs” Read More

Repaying Your Federal Student Loans: 5 Facts You Should Know

Facts include that payment application is dictated by federal regulation, paying extra results in a “paid ahead” status, paying extra can save you money over time, sometimes accrued interest can capitalize, and sometimes it’s okay if your payment amount is less than your accrued interest.  Read More

You’ve been approved for a MEFA Loan. Now what?

Next steps include signing the MEFA Loan Agreement (MLA) and Self-Certification Form, having the college certify the loan, setting up an account with our servicer American Education Services (AES), returning excess funds, and making voluntary payments if you wish to do so.  Read More

A New Tool Helping Families Finance a College Education

MEFA is excited to be a part of ForYouNotForProfit.org, which includes information on financial aid and scholarships, guidance on establishing a college savings account, and a streamlined search engine to help students and parents find education loans through non-profit and state-chartered organizations. Read More

MEFA News

Accepted to College. What's Next?

MEFA to provide annual After the College Acceptance program for 10th year Boston – National College Decision Day is May 1st, which means that high school seniors have just under…

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