During these challenging economic times, it’s more important than ever to shop around for an education loan that’s right for your needs. Though disruptions in the capital markets continue to delay lenders nationwide—including MEFA—in announcing 2008-2009 education loan programs, families still have options to finance higher education in 2008-2009.

Start by understanding the basics of education loans, including federal and private loans.

When you’re ready to compare loans, keep in mind MEFA’s tips for comparing education loans. MEFA encourages you to work with your college or university to understand all available financing options.

Explore the potential tax-saving benefits of education loans. For existing MEFA Loans, gain the tax advantages of a home equity loan and benefit of MEFA's low interest rate with MEFA's Home Equity Option.

MEFA continues to pursue every possible option to raise funds for MEFA’s private fixed interest rate education loan, despite increasingly difficult capital markets conditions. We regret that at this time we have been unable to secure funding for 2008-2009 MEFA Loans and we will continue to provide loan updates  as the process evolves.