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It is family's choice of how to pay. Combination of savings, current income and/or borrowing will be unique to each family. #mefachat


If there is a merit grant/scholarship on award, make sure you know if you need to keep certain GPA to keep award in the future. #mefachat


Thanks to everyone for sharing your thoughts and questions, for liking and retweeting and keeping the great info coming! #mefachat


Once a student accepts admission at a college, the college will let families know of the PLUS loan option and process. #mefachat


a9: Have a convo as a family early to understand the #costofcollege. Parents & students should be on the same page from the start #mefachat


With subsidized loan the government is paying the interest while you are enrolled, with unsubsidized loan the interest accrues. #mefachat


a9: If you have questions or need help with planning, We at MEFA are here to help. Give us a call at (800) 449-MEFA(6332) #mefachat


#mefachat I enjoy helping students choose a college that is a good fit academically, socially, and financially!


#mefachat Make sure you understand the same information from award to award so you are comparing apples to apples.


a8: Remember that lenders and loans are not "one-size-fits-all" #mefachat


a8: Read all the fine print, and if you don't understand something, ASK for an explanation! #mefachat


Don't forget student savings can help too, even if a little. This is a whole family commitment:) #mefachat


Know what you'll borrow over 4 years and be sure that fits into your (loose) future plans. Do you plan to go to grad school? #mefachat


And we're nearing the end of the hour - that went by quick! One more question, up next... #mefachat


a8: Look for a lender that is transparent & will help you select a loan product for your situation #mefachat


a9: Consider all opportunities available to help you save money on college costs. #mefachat


a8: Find out if there are hardship or forbearance options if you do encounter financial difficulties during repayment #mefachat


Q9: Please share any additional advice you have for families preparing to pay the college bill: #mefachat


#mefachat Noticed last night at that some colleges do not list total cost on the award letter. Need to know that number!


PLUS loans do have different terms than the Federal Direct loans, so be sure to do your research #MEFAChat (2/2)


The max is the cost of attendance less any aid received: bit.ly/2nPSoUo... #MEFAChat (1/2)


@cfl33s So, if the family has a $10,000 bill after #finaid, they'd still need to finance $4,500 from another source (2/2) #MEFAChat


Excellent advice, the earlier the better! And thank you for sharing the planning for college knowledge today #mefachat


Thank you @MEFAtweets for sharing such important information on #collegeplanning #MEFAChat @EFCTweets @MassDHE

Thanks to everyone for sharing your thoughts and questions, for liking and retweeting and keeping the great info coming! #mefachat



Thank you for organizing this #MEFAChat! Such an important topic that families are struggling with.


Thanks to everyone for sharing your thoughts and questions, for liking and retweeting and keeping the great info coming! #mefachat


And that about wraps up today's #MEFAChat on Understanding #AwardLetters and Ways to #BorrowWisely.


If you're planning on grad school, your undergrad loans may not be deferred. Know ahead of time. Have a family plan. #mefachat


a9: If you have questions or need help with planning, We at MEFA are here to help. Give us a call at (800) 449-MEFA(6332) #mefachat


a9: The MassTransfer program helps students attend community college & transfer seamlessly. Learn more: bit.ly/2nPmJm7 #mefachat


a9: In MA, there are additional opportunities to reduce costs as you earn your degree. Check them out: bit.ly/2lEqlaC #mefachat


"kitchen table conversations" help all family members understand paying for college #MEFAChat


a9: Consider all opportunities available to help you save money on college costs. #mefachat


This is a hard one--talking about $ with kids especially if they don't understand #collegecosts #MEFAChat

a9: Have a convo as a family early to understand the #costofcollege. Parents & students should be on the same page from the start #mefachat



Make a plan before selecting a college to make sure it's affordable #mefachat


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We're hosting our 1st #TwitterChat! Join us using #MEFAChat on 3/30 at 12pm for info on Understanding #AwardLetters + the #collegebill

MEFAtweets's tweet image. We're hosting our 1st #TwitterChat! Join us using #MEFAChat on 3/30 at 12pm for info on Understanding #AwardLetters + the #collegebill

Join us TOMORROW for our #MEFAChat! Starts at 12pm ET and we're answerinng YOUR questions about #awardletters and #paying for college.

MEFAtweets's tweet image. Join us TOMORROW for our #MEFAChat! Starts at 12pm ET and we're answerinng YOUR questions about #awardletters and #paying for college.

A1:Use this #CollegeCost Calculator to help you compare your #AwardLetters: bit.ly/2nPkDT6 #MEFAChat

MEFAtweets's tweet image. A1:Use this #CollegeCost Calculator to help you compare your #AwardLetters: bit.ly/2nPkDT6 #MEFAChat

Don't miss our #MEFAChat on Thursday - answering your questions about the #finaid #awardletter and paying the college bill #collegesuccess

MEFAtweets's tweet image. Don't miss our #MEFAChat on Thursday - answering your questions about the #finaid #awardletter and paying the college bill #collegesuccess

a7: What will the total #monthlypayment look like after college graduation? Our calculator can help: bit.ly/2nPpZxO #MEFAChat

MEFAtweets's tweet image. a7: What will the total #monthlypayment look like after college graduation? Our calculator can help: bit.ly/2nPpZxO #MEFAChat

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