What to Know About Student Loan Debt Relief Scams

We interview the Assistant General Counsel at the Missouri Higher Education Loan Authority about how debt relief scams work, what the end goal of the scammers is, and how borrowers can protect themselves from scams.  Read More

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

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

MEFA Education Loan Offers Interest Rates Among Nation’s Lowest

MEFA Education Loan Offers Interest Rates Among Nation’s Lowest Starting Rate Drops to 3.95%* MEFA’s low-cost college loan for the 2019-2020 academic year delivers interest rates among the lowest offered…

Community Events

Dreams Tour at Riverfest in Gloucester

August 24, 2019

12:00pm—6:00pm

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