Borrowing Wisely Means Having a Plan

Before borrowing, take into consideration what you expect to make in your first job, what your loan payment will look like when you graduate, and what you estimate your other future expenses to be.  Read More

5 Facts About Federal Student Loans

Facts include you must complete a process called Entrance Counseling, The Master Promissory Note (MPN) is a legal document that must be signed by the loan borrower, only the student is the sole borrower, there are origination fees and both annual and lifetime amounts, and you have multiple repayment options.  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

Understanding Student Loan Refunds

We talk with an Assistant Director of Student Financial Services to discuss what a student loan refund is, what the process is like for requesting one, how long the process takes, and how the refund is credited.  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

Tips on Borrowing a College Loan

Understand loan terminology, borrow federal student loans first, minimize borrowing, assess affordability, and get trusted advice Read More

What’s the difference between my subsidized and unsubsidized student loans?

The differences between Subsidized and Unsubsidized Loans include the timing of when interest starts accruing, the eligibility for awarding based on financial need, and the maximum amount permitted. Read More

MEFA News

Big Changes Coming to the MEFA U.Plan

The U.Plan Prepaid Tuition Program has gotten even better in 2019 with new enhancements such as year-round savings capabilities and online account access.

Community Events

Start U.Reading with Buzz Lightyear

July 9, 2019

11:00am—12:00pm

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