In other words, MEFA helps you finance graduate studies without locking you into an unmanageable, long-term debt. Fixed rate loans available with 15 year repayment term. Option to begin repayment immediately, or defer repayment for up to 5 years while in graduate school. Low monthly payments. Available to residents of all U.S. states and Canada .
Application is in student's name and can be backed by a co-applicant for a low overall cost.
No application fee. The MEFA Loan for Graduate Education, Non-Massachusetts Colleges helps Massachusetts residents finance a graduate education at schools outside of Massachusetts.