Where to find help on student loans

July 29, 2008

MEFA is offering a toll-free hotline, 800-809-0571, for those with questions about financing. It is available from 8 a.m. to 10 p.m. Monday to Friday, and 9 a.m. to 3 p.m. Saturday.

Colleges are encouraging families to contact them directly for help. Their websites usually provide lists of preferred lenders.

American Student Assistance will provide help for MEFA federal loan clients and other families. Visit www.amsa.com or call 800-999-9080. It is also designated as the lender of last resort for the state and provides information for borrowers trying to get federal loans.

The website www.finaid.org provides helpful background information, advice, and lists of lenders.

The website www.bankrate.com provides search capabilities for loan rates and conditions, financial calculators, and listings of aid programs.