07.29.08 | MEFA is out, but you still have options!
More than 40,000 students recently discovered they are losing a major loan option. The Massachusetts Educational Financing Authority (MEFA) announced it won’t be giving out ANY loans this fall, ouch!
It had been previously reported that as of July 1 MEFA would not be giving out any Federal loans, but now they are not giving out any private loans either! This news has sent shockwaves through many Bay State households.
Last year MEFA made more than a half a billion dollars in loans available so the impact of this news is substantial. The state run lending authority is suffering from the same credit crunch that has affected the student loan market nationwide.
If you are in need of a federal or private loan the Student Loan Network can help.
For a Federal Stafford loan (click here).
For a Federal Parent Plus loan (click here).
For a Federal Graduate Plus loan (click here).
For a Private undergraduate loan (click here).
For a Private graduate loan (click here).
The Student Loan Help blog is sponsored in part by:
