The Massachusetts Educational Financing Authority (MEFA) — is committed to making college more accessible and affordable. We are a not-for-profit self-financing state authority, not reliant on state or federal appropriation, that serves students and families in Massachusetts, and out-of-state students pursuing higher education in Massachusetts.
MEFA helps families plan and pay for college along every step of the way. Our programs and services are designed especially for Massachusetts residents and students. Anyone can save in the U.Plan or the U.Fund, whether or not you live in Massachusetts. MEFA Loans are available to Massachusetts residents attending college in-state or out-of-state, as well as students from across the U.S. pursuing higher education in Massachusetts.