MEFA Loan Application
Welcome to MEFA's online application.  It's easy and fast to apply.  Please note that MEFA uses the information you provide in conjunction with your credit report to make decisions about your loan approval.  It is very important that you check to make sure all information is accurate.  Once you have all the materials ready, the online application should take around 10 minutes to complete and you will receive an instant credit decision.  If you need assistance, call us at (800) 266-0243.
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  1. Gather Your Information

    To make your application process quick and easy, gather information for all borrowers on the loan.  If you've already borrowed with MEFA, we may pre-fill some of this information for you.  Here's what you need:

    • SSN
    • Date of Birth
    • Phone Number
    • Email Address
    • Current and Prior Address(es)
    • Monthly Income
    • Housing Costs
    • Employment Information

  2. Submit for Credit Review

    Your application will be submitted for credit review and you will receive an instant credit decision.  You will be contacted if MEFA requires additional information.

  3. Choose Your MEFA Loan

    If your application passes the credit review, you will have an opportunity to compare the cost and terms of qualifying loan products before selecting the MEFA loan that is right for you.

  4. Complete Your Loan Documents

    After you select a loan, your loan documents will be ready to review and sign.

    • Loan Approval Disclosure:  You must review this disclosure statement carefully and accept or decline the terms of the loan.
    • MEFA Loan Agreement:  Each borrower must sign the MEFA Loan Agreement.  You may sign electronically (if eligible) or you may download and print a paper copy.
    • Department of Education Self-Certification:  You must submit a signed self-certification form confirming the student's cost of attendance and estimated financial aid.
    • Electronic Delivery Options:  You must review and indicate if you would like to receive additional documents electronically.  These documents can include Privacy Notices, E-Bills, and Tax Documents.

  5. Receive Loan Funds

    Your MEFA Loan will be certified by your college or university, and then disbursed to them.

Apply by phone
(800) 266-0243