Massachusetts Higher Education Assistance Corporation (MEFA) is a not-for-profit organization that provides financing options and guidance to Massachusetts residents seeking to finance higher education. MEFA was established in 1982 in response to the growing need for affordable financing options for college education. MEFA offers a range of college savings plans, loans, and financial education resources to help students and families navigate the complex landscape of funding higher education. MEFA also helps students plan for future education expenses by offering college savings plans such as the U.Plan Prepaid Tuition Program and the U.Fund College Investing Plan. MEFA’s lending program, also known as the MEFA Loan, offers fixed and variable interest rate loans to undergraduate and graduate students and their families. This program provides low-interest loans with flexible repayment terms, no application or origination fees, and the ability to defer payments until after graduation. MEFA is committed to providing a high level of customer service and guidance to ensure that Massachusetts residents can access the best financing options for their higher education needs. As a not-for-profit organization, MEFA focuses on providing affordable financing solutions that benefit students and their families.