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

Want to win $3,000? Enter these scholarship contests

Scholarships include The Future of Banking Scholarship, Coupon Marathon Scholarship, ZipRecruiter Scholarship, John D. Unangst Memorial Scholarship, Courageous Persuaders Scholarship, and All About Education Scholarship.  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

How much will this MEFA Loan cost me?

Learn how to use the Loan Payment Calculator to find out your projected monthly payment and total loan cost based on the amount you plan to borrow, the interest rates for all five repayment options, and the length of repayment. Read More

The College Search: Researching Financial Fit

Our checklist includes checking the College Scorecard to learn about affordability and value, using a school’s Net Price Calculator to determine the financial aid you could receive, and reading through admissions and financial aid websites to learn about merit scholarship and different financing opportunities.  Read More

What to know about the John & Abigail Adams Scholarship

Learn what scores a student must receive on their MCAS in order to qualify, what the scholarship covers, how to apply the award, how to maintain the scholarship, and how much the scholarship is worth at each Massachusetts school.  Read More

MEFA Loan Rate Decreases Amid Rising Interest Rates

Contact: Lisa Rooney (617) 224-4838 lrooney@mefa.org BOSTON – The starting interest rate on the state’s college loan will decrease for the upcoming academic year in contrast to the increase in… Read More

MEFA News

MEFA’s U.Plan Locks In Future Tuition at Current Prices

Media Contact: Lisa Rooney (617) 224-4838 lrooney@mefa.org BOSTON – The annual window of opportunity to save in the Commonwealth’s prepaid tuition program has been extended to mid-July. Families now have…