Boston, MA (PRWEB) April 01, 2012
As high school seniors weigh which college acceptance offer to select, MEFA advises families to begin their financial planning for college as part of the decision-making process. Understanding the full range of college funding solutions and developing a plan to pay for tuition and expenses will help families and students make the right choice.
According to MEFA, the state’s not-for-profit authority dedicated to providing families with college funding solutions, students and parents need to take three important steps when making this critical decision:
1. Understand and analyze the financial aid award letters provided by colleges.
2. Determine how to pay the balance of the college bill – what’s left over after grants, scholarships and federal student loans are factored in.
3. Choose the right financing options for your family as part of the overall college financial planning strategy.
To help families navigate this process and better understand financial planning for college, MEFA is offering a series of over 30 free “After the Acceptance” seminars around the state through April. More information on the seminars is located at http://www.mefacounselor.org, including seminar dates and times, RSVP information, and a free e-book designed to help families through this next important step.
MEFA continues to offer a free call-in number, 1(800) 449.MEFA (6332), where customer service representatives are standing by to help families during this time. MEFA can also be found on the web at http://www.mefa.org, Twitter @mefatweets and Facebook at mefaMA.
MEFA is a not-for-profit self-financing state authority, not reliant on state or federal appropriation that has been working for 30 years to make higher education more accessible and affordable for students and families in Massachusetts. MEFA was created by the state legislature at the request of Massachusetts colleges and universities and provides community education programs, college savings plans, and low-cost financing options. In its 30 year history, MEFA has assisted hundreds of thousands of families in financing a college education.