Business Details
44 Years
experience
Your Trusted Partner for College Financial Planning
MEFA has been dedicated to helping families navigate college affordability since 1982. Created at the request of Massachusetts colleges, we provide tax-advantaged savings plans, fixed-rate loans, and expert guidance to support students and families at every stage of their educational journey. Our mission focuses on student success through accessible financial solutions. We offer tools like the U.Plan Prepaid Tuition Program and U.Fund College Savings Plan to lock in future education costs. Our team delivers personalized support for financial aid applications, loan refinancing, and debt management strategies.With community partnerships and comprehensive resources, we empower informed decisions about college funding. Our guiding principles emphasize transparency, affordability, and long-term financial planning. We serve parents, students, and educators with tailored advice for Pre-K through graduate school planning. Our online tools and educational webinars simplify complex financial processes. MEFA remains committed to innovation while maintaining the trust of Massachusetts families for over four decades.
Services
College Loans
Financial Aid Guidance
U.Plan Prepaid Tuition
U.Fund Savings Plan
Refinancing Options
Details
- Year established: 1982
Highlights and features
- We have 40+ years of experience guiding Massachusetts families through college financing
- Our tax-advantaged savings plans help lock in future education costs
- We offer fixed-rate loans with competitive APRs from 3.29%-8.89%
- Our expert counselors provide personalized financial aid application guidance
- We maintain community partnerships to enhance educational access
What people say
Tremendous value
Best interest rates
So happy we learned
Helped my son
Expert guidance
Services
College Loans
MEFA offers fixed-rate undergraduate loans with APRs ranging from 3.29% to 8.89%. These loans feature multiple repayment options, no application fees, and instant decisions for qualified applicants. Our loan programs support students and families in managing college expenses with predictable monthly payments.
U.Plan Prepaid Tuition
This program allows families to prepay future college tuition at current rates. It provides protection against tuition inflation while maintaining flexibility for use at any eligible institution nationwide. The plan offers tax advantages and guaranteed savings growth tied to tuition increases.
Financial Aid Guidance
MEFA provides comprehensive support for financial aid applications and award interpretation. Our experts help families understand FAFSA requirements, merit aid opportunities, and state-specific programs. We offer calculators and tools to optimize financial aid eligibility and reduce college costs.
U.Fund College Savings
This 529 college savings plan offers tax-advantaged growth for education expenses. Funds can be used at any accredited institution nationwide with flexible investment options. The plan features professional management and age-based portfolios to match students' educational timelines.
Loan Refinancing
MEFA provides refinancing options for existing student loans with competitive fixed rates. Our program helps borrowers reduce monthly payments and total repayment costs. We offer personalized assessments of refinancing benefits versus federal loan protections.
Questions
What college savings options does MEFA offer?
MEFA provides U.Plan Prepaid Tuition to lock in future tuition rates and U.Fund College Savings Plan for flexible investment in education expenses.
Do MEFA loans require a co-signer?
Most undergraduate loans require a creditworthy co-borrower, though we offer options for co-borrower release after meeting specific criteria.
How can MEFA help with financial aid applications?
We provide FAFSA guidance, financial aid award interpretation, and information about Massachusetts state aid programs for undocumented students.
Are MEFA services limited to Massachusetts residents?
While created for MA families, our college savings plans can be used at institutions nationwide, though some state-specific benefits apply to MA residents.
What loan repayment options are available?
We offer immediate repayment, interest-only payments, and deferred repayment plans with terms up to 15 years for undergraduate loans.
Does MEFA offer resources for younger students?
Yes, we provide age-specific planning tools from Pre-K through high school, including the MEFA Pathway program for middle school students.
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