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This document is an application form for undergraduate education loans provided by MEFA, detailing repayment options, borrower information, and certifications required for loan processing.
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How to fill out mefa undergraduate loan application
How to fill out MEFA UNDERGRADUATE LOAN APPLICATION
01
Gather personal information including Social Security number, income details, and college information.
02
Visit the MEFA website and locate the Undergraduate Loan Application section.
03
Create an account or log in if you already have one.
04
Fill out the application form with the required personal and financial information.
05
Review the information entered for accuracy.
06
Submit the application electronically.
07
Follow any additional steps if requested, such as providing documentation or verifying information.
Who needs MEFA UNDERGRADUATE LOAN APPLICATION?
01
Students who need financial assistance to pay for their undergraduate education.
02
Families looking for options to finance college expenses.
03
Individuals who have exhausted other forms of financial aid or loans.
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People Also Ask about
How do I pay my MEFA loan?
Call (800) 233-0557 to make a MEFA Loan payment over the phone. AES's 24/7 self-service phone feature allows you to schedule a one-time electronic payment from your checking or savings account.
Is there a grace period for MEFA loans?
MEFA Refinance Loan does not have a grace period. Monthly payments of principal and interest begin one month after disbursement. If you file for bankruptcy, you may still be required to pay back this loan.
Who is eligible for the MEFA loan?
To be eligible for a MEFA Loan, the student must be enrolled at least half time in an accredited degree-granting undergraduate or graduate program at an eligible non-profit college or university in the United States.
Can MEFA loans be refinanced?
MEFA offers an education refinancing loan and can give you an instant rate quote without impacting your credit score. Use our Loan Refinancing Calculator to estimate how your monthly payment will change.
How to pay off a MEFA loan?
Call (800) 233-0557 to make a MEFA Loan payment over the phone. AES's 24/7 self-service phone feature allows you to schedule a one-time electronic payment from your checking or savings account.
Is MEFA a federal student loan?
The Massachusetts Educational Financing Authority (MEFA) is a self-financing, not-for-profit state-charted student loan authority created by the Commonwealth of Massachusetts in 1982. The authority was created to provide fixed rate student loans and operate the Massachusetts 529 plan U.
What credit score do you need for a MEFA loan?
MEFA Student Loan Refinance Review Loan Limits$10,000+ Fixed Rates 6.20% – 8.99% Variable Rates None Terms 7, 10 or 15 years Min. Credit Score 670 (soft minimum)1 more row • Mar 1, 2025
Can MEFA loans be forgiven?
Once a borrower has made payments under the SAVE plan for 20 years (for undergraduate loans) or 25 years (for graduate loans), any remaining balance is forgiven. For borrowers who begin repayment with a balance of under $12,000, that payment threshold for loan forgiveness is reduced to 10 years.
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What is MEFA UNDERGRADUATE LOAN APPLICATION?
The MEFA Undergraduate Loan Application is a financial aid application for students seeking loans to help cover the cost of their undergraduate education.
Who is required to file MEFA UNDERGRADUATE LOAN APPLICATION?
Students who are enrolled or planning to enroll in an undergraduate program and need to borrow funds for their education expenses are required to file the MEFA Undergraduate Loan Application.
How to fill out MEFA UNDERGRADUATE LOAN APPLICATION?
To fill out the MEFA Undergraduate Loan Application, applicants need to provide personal information, details about their education, information on the school they will attend, and financial information as required by the application.
What is the purpose of MEFA UNDERGRADUATE LOAN APPLICATION?
The purpose of the MEFA Undergraduate Loan Application is to assess the financial needs of students and to determine their eligibility for loans to fund their undergraduate education.
What information must be reported on MEFA UNDERGRADUATE LOAN APPLICATION?
Applicants must report personal identification details, school information, financial information including income, and any additional relevant data that impacts their loan eligibility.
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