According to MEFA’s Tom Graf, “There are still some students looking for a loan, looking for a good loan — and we [routinely] make loans right through September” for the upcoming semester.
So for students who haven’t yet locked in a higher-interest loan, there may be a light at the end of the tunnel for as early as this fall. Graf says MEFA will work with students who already secured higher-interest loans to resolve things. Those students would, however, have to negotiate with their current lender to satisfy their debt.
Stay tuned.
Kara Baskin, who may or may not loan money to needy students out of trunk of a Toyota parked somewhere in Southie, can be reached atkbaskin@phx.com.
Related:
Manhandled no more, Schoolyard bully, Public colleges get the shaft, More 
- Manhandled no more
A few years ago, if you googled student-loan giant Sallie Mae and the word “lawsuit,” a live-journal blog called Southern Girl Babbling would turn up.
- Schoolyard bully
Can you imagine the uproar if homeowners were suddenly unable to refinance their home with a different lender? Or worse, if they could not refinance at all?
- Public colleges get the shaft
When it came time to pick a college, Thomas Ahrens just couldn't pass up the relative affordability of a University of Rhode Island education.
- School for scandal
Lending institutions have been buying the favor of sticky-fingered college administrators for some time now.
- Federal anti-drug provision hits RI students hard
Rhode Island has been hit hard by an anti-drug law that bars college students with drug convictions from receiving federal grants and loans, according to US Department of Education statistics.
- The Loan Groan
Each month, with miserable certitude, the snail-mailboxes of middle-class twenty- and thirtysomethings are stuffed with student-loan bills, from both federal and private lenders. The balance seems to remain stagnant, even as we mail in check after check.
- Second time around
If you are thinking of going back to school, you will want to do four things before making that commitment.
- No money, mo problems
There are more than 4000 degree-granting higher-education institutions in the United States.
- Student loan scandal
Are students getting screwed, and will anybody stop it?
- Loan Groan
Each month, with miserable certitude, the snail-mailboxes of middle-class twenty- and thirtysomethings are stuffed with student-loan bills, from both federal and private lenders. The balance seems to remain stagnant, even as we mail in check after check.
- Budgeting your time
There are two possible reasons Friday is the best day of the week for a college student.
- Less
Topics:
Lifestyle Features
, Deval Patrick, Business, Education, More
, Deval Patrick, Business, Education, Tufts University, Higher Education, Colleges and Universities, Personal Finance, Financial Planning, Personal Budgeting, Consumer Credit and Debt, Less
