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Your family’s complete guide: from 529s and college admissions to FAFSA help and smart student loans
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Start PlanningThis information from MEFA will help me so much to guide my son in his college path. Thank you!
Start SavingLocking in rates with MEFA’s U.Plan when tuition costs continue to steadily rise is a tremendous value.
Start PayingMEFA has the best interest rates by far of all the places we looked. I’m so happy we learned about MEFA.
Providing you tools and resources to plan for your child’s future
Trực tiếp bóng đá hôm nay trên NLive365 TV. Khám phá các trận đấu đáng chú ý, thông tin đội bóng, lịch thi đấu và những giải bóng đá hấp dẫn.
- Pre-K & Elementary
- Middle School
- High School
- College
Announcements
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FAFSA® 2027-2028 is now live!
Complete the FAFSA today at studentaid.gov - open in new window or watch our step-by-step FAFSA walkthrough first.
View Step-by-Step Walkthrough -
Financial Aid 101 Webinars
Sign up for one of our upcoming webinars to ask your questions and learn more about the entire financial aid application process.
Register Today -
Apply Today and Pay Your College Bill for 2026-27
Complete your college financing plan with a MEFA Loan.
Learn More -
Find Your Rate Without Impacting Your Credit
Check your interest rate on a MEFA Loan before submitting an application.
Find My Rate - open in new window -
Receive a $50 U.Fund Account Match
Through NextSteps, MEFA will match $50 in contributions into a new U.Fund account for children 1-3 years old.
See If You Qualify -
Gift of College & Gift of Independence Gift Cards
Purchase an e-gift card to help a loved one save for college or disability-related expenses or pay down college loan debt.
Give the Gift of Savings Today

REFI Loans 3.95% – 8.95% APR*
Find your rate in minutes without affecting your credit score. Refinance with fixed interest rates, multiple repayment options, and more.
MEFA | LOANS
REFI
*The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan and reflects MEFA’s current underwriting criteria and loan rates. MEFA’s lowest rates are only available to the most creditworthy applicants.
Student Loan Refinancing Calculator
Loan Details
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To view the savings breakdown, input the following into the calculator’s fields:
- Your current student loan details:
- Total amount to be refinanced
- Total current monthly payment
- Your preferred refinance repayment term
- The borrower or co-borrower’s estimated strength of credit
The Student Loan Refinancing Calculator will determine an estimate of your savings with a MEFA REFI Loan using the information you provide.
Savings Breakdown*
Based on your input, it does not appear that a MEFA REFI Loan would provide any savings at this time.
However, you may still benefit from refinancing. Please call us at (855) 433-REFI (7334) to discuss the opportunity to benefit from refinancing your student loans.
Savings Breakdown*
All payment information provided by this calculator is an estimate only. All monthly payment and total loan cost figures are estimates based on data provided. Actual loan payments and estimated total payment may vary based on the interest rate, loan term, and borrower repayment habits. Review the MEFA Loan Agreement and MEFA’s Refinance Loan Application and Solicitation Disclosure for more information.
Refinancing may result in a longer repayment term and may increase the total interest paid and overall cost of the loan.
*Based on {{term}}-year repayment term
**All loans have a minimum principal and interest monthly payment of $50.
***MEFA REFI Loan interest rates range from 3.95% – 8.95% APR. The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan and reflects MEFA’s current underwriting criteria and loan rates. MEFA’s lowest rates are only available to the most creditworthy applicants.
Advertised MEFA REFI Loan interest rates are effective as of 10/5/2026 and subject to change without notice. Once you receive an offered rate on an approved application, that rate will not change. MEFA reserves the right to change rates on incomplete applications.
Undergraduate Loans
4.95% – 8.90% APR*
Fixed interest rates, multiple repayment options, no application or origination fees, and an instant decision on complete applications.
MEFA | LOANS
Undergraduate
*The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan and reflects MEFA’s current underwriting criteria, loan rates, and in-school and post-school period assumptions. MEFA’s lowest rates are only available to the most creditworthy applicants.
MEFA Undergraduate Loan Payment Calculator
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Immediate Repayment: 10 Years | Immediate Repayment: 15 Years | Interest-Only Repayment: 15 Years | Deferred Repayment: 15 Years* | Student Deferred with Co-Borrower Release: 15 Years* |
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| In-School Monthly Payment** | |||||
| Post-School Monthly Payment** | |||||
| Total Cost of Loan | |||||
| Interest Rate | |||||
| APR*** | 4.95% – 8.10% | 5.35% – 8.20% | 7.05% – 8.85% | 6.76% – 8.80% | 6.94% – 8.90% |
All payment information provided by this calculator is an estimate only. All monthly payment and total loan cost figures are estimates based on data provided. Actual loan payments and estimated total payment may vary based on the type of loan, interest rate, loan term, and borrower repayment habits. Review the MEFA Loan Agreement and MEFA’s Undergraduate Loan Application and Solicitation Disclosure for more information.
*Maximum deferment is 5 years.
**All loans have a minimum principal and interest monthly payment of $50.
***MEFA Undergraduate Loan interest rates range from 4.95% – 8.90% APR. The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan and reflects MEFA’s current underwriting criteria, loan rates, and in-school and post-school period assumptions. MEFA’s lowest rates are only available to the most creditworthy applicants.
Advertised MEFA Undergraduate Loan interest rates are effective as of 6/1/2026 and subject to change without notice. Once you receive an offered rate on an approved application, that rate will not change. MEFA reserves the right to change rates on incomplete applications.
Start saving for their future today
Our savings products allow you to set aside funds to pay for college and disability-related expenses in tax-advantaged accounts
Lock in tomorrow’s tuition at today’s prices by saving in our prepaid tuition program
You can use your savings in the Massachusetts 529 college savings plan at any eligible institution in the country
Save for the health and personal expenses of individuals with disabilities without affecting federal benefits
You have options when it comes to paying for college
Our guidance on financial aid can help you navigate the process, and our fixed-rate loans offer financing solutions. We also have information on programs to save on the cost of college for MA residents.
- MEFA Loans
- Financial Aid
- Refinancing
- MA Programs
Borrow for College
Take advantage of competitive, fixed interest rates with no application or origination fees and multiple repayment options
Explore MEFA Loans
Borrow for College
Take advantage of competitive, fixed interest rates with no application or origination fees and multiple repayment options
Explore MEFA Loans
Money for College
Learn about the applications you’ll need to submit, how the process works, and what you might find on a financial aid offer
Explore Financial Aid
Money for College
Learn about the applications you’ll need to submit, how the process works, and what you might find on a financial aid offer
Explore Financial Aid
Lower Your Education Debt
Refinancing your existing college loans could lower your interest rate and monthly payment
Learn About Refinancing
Lower Your Education Debt
Refinancing your existing college loans could lower your interest rate and monthly payment
Learn About Refinancing
Saving on MA College Costs
If you’re a MA resident, there are opportunities available to help you save on the cost of your college degree
Learn About MA Programs
Saving on MA College Costs
If you’re a MA resident, there are opportunities available to help you save on the cost of your college degree
Learn About MA Programs
Our Goal: College Affordability
- Helping Families Since 1982
- Created at the Request of MA Colleges
- Focused on Student Success
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