MEFA — the Massachusetts Educational Financing Authority — is committed to making college more accessible and affordable. We are a non-profit self-financing state authority, not reliant on state or federal appropriation, that serves students and families in Massachusetts, and out-of-state students and families pursuing higher education in Massachusetts.
We offer a number of resources to help make paying for college possible:
Straightforward information and advice on applying for and choosing college financing- Innovative college savings plans for parents of young children preparing for future education expenses
- Free financial aid seminars and helpful calculators and tools to help you understand your options and plan your college funding strategy
- Learn about education loan options.
MEFA is a non-profit self-financing state authority, not reliant on state or federal appropriation, that works to make higher education more accessible and affordable for students and families in Massachusetts. Nearly 30 years ago, MEFA was created by the state legislature at the request of Massachusetts colleges and universities. MEFA provides community education programs, college savings plans, and low-cost financing options. In its nearly thirty year history, MEFA has issued approximately $3.5 billion in bonds and has assisted hundreds of thousands of families in financing a college education.