Free up money for other financial goals

Competitive, fixed interest rates

Disclosures

Our Application and Solicitation Disclosure provides all of the important details about our education refinancing loans. 

Rates and offers subject to change. This offer is not transferable. All loans are subject to individual approval. Applicant must meet other eligibility and underwriting criteria to receive final approval of the refinancing loan.

Frequently Asked Questions

What's the difference between refinancing and consolidation?

Refinancing allows you to combine multiple loans, both federal and private, into one new loan. Refinancing may result in a new, lower interest rate, which can equate to a lower monthly loan payment and extra cash per month.

Consolidation allows you to combine only federal loans into one new federal loan through the Direct Consolidation Loan program offered by the federal government. 

Want to learn more about refinancing vs. consolidation? Click here.

What documents and information will I need for the application?

Personal Documents: Proof of identity and Social Security number 
Contact Information: Current address, phone number, and email address

Financial Information: Monthly income, housing costs, employment information, two most recent pay stubs or proof of income, and current billing statements for loans to refinance

Private, federal, undergraduate, and graduate loans are eligible

Flexible 7-, 10-, and 15-year repayment terms

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With a MEFA REFI Loan, you can combine your existing student debt into one easy-to-manage loan.
Still have questions? Email us at refi@mefa.org
or call us at (855) 433-7334
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An Important Message: Due to the current landscape related to COVID-19, MEFA recommends you carefully review your current and potential future benefits on your federal loans before refinancing with a private education loan. When you refinance your federal student loan debt with MEFA, you will lose current and future benefits associated with your federal student loan. Currently, there are changes that temporarily waive interest and suspend your obligation to make payments on federally held loans. You can learn more about these benefits by contacting your federal student loan servicer.

Massachusetts Educational Financing Authority

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Refinance your student loans         

Join those who have lowered their interest rate and monthly payment.

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Why refinancing with MEFA might be right for you

At MEFA, we're on a mission to help you plan, save, and pay for college, before, while, and after you attend.

MEFA is a public entity working for you

Our goal is to help you save money on your student loan payments. Your education should propel you forward, not hold you back. Refinancing your student loans can allow you to take control of your finances and provide you greater financial freedom.

At MEFA, you are our top priority.