Yield vs years-to-maturity · log-tenor x-axis · bubble = outstanding
Refi schedule
Maturity ladder
bar = outstanding · label = size · yield = avg
2026
—4
2027
—3
2028
—4
2029
—1
About
Massachusetts Educational Financing Authority
The Massachusetts Educational Financing Authority (MEFA) is a self-financing, not-for-profit state-charted student loan authority created by the Commonwealth of Massachusetts in 1982. The authority was created to provide fixed rate student loans and operate the Massachusetts 529 plan U.Fund, launched in 1999, and its prepaid tuition plan U.Plan, launched in 1995. MEFA previously participated in the Federal Family Education Loan Program and Stafford Loan program. In 2018 the Commonwealth announced that starting in 2020 every child born or adopted in Massachusetts would be eligible for a $50 deposit in a MEFA U.Fund 529 plan, in a program called "SeedMA Baby". The program was rebranded to BabySteps before launch following criticism of the name.
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