Our Mission

Our mission of college affordability since our founding has been to help Massachusetts students and families access and afford higher education and reach financial goals through education programs, tax-advantaged savings plans, low-cost loans, and expert guidance. All of our work aligns with our ever-present goal to support the independence, growth, and success of Massachusetts residents.

A Tradition of Service

The Massachusetts state legislature created MEFA in 1982 at the request of colleges and universities across the state. From the start, our mandate has been to offer low-cost college financing to families of aspiring college students.

Expert Guidance

MEFA is the Massachusetts authority on planning, saving, and paying for college. Our dedicated professionals draw on vast experience and insight, and work collaboratively with community organizations, high schools, and colleges to bring an integrated college-planning program to students and families.

Versatile Products and Services

MEFA offers access to powerful and affordable financial products to help students pay for college expenses and a vast array of resources to assist with each step of the college planning process. Learn More →

Guiding Principles

As a not-for-profit, state-based, and self-funded state-chartered student loan organization who helps families cover educational expenses, we adhere to a set of guiding principles that promote borrower success. Learn more →


To request materials or information on this website in accessible formats for individuals with disabilities (braille, large print, electronic, or audio), please email Lauren Patten at lpatten@mefa.org or call 617-224-4856.

Privacy Policies

Our systems and processes are designed to protect our customer’s privacy and ensure that personal information is secure. Learn more →


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Massachusetts Educational Financing Authority (MEFA)

160 Federal Street
Fourth Floor
Boston, MA 02110