This office awards state scholarships to needy Massachusetts residents who are undergraduates attending post-secondary schools in the Commonwealth. It also awards scholarships to children of police officers, firefighters, and corrections officers who died in the line of duty, and to war orphans of Massachusetts veterans of World War I, World War II, the Korean, Vietnam, or Persian Gulf conflicts whose death was service-connected. War orphans of veterans of Grenada, Lebanon, and Panama must present evidence that the veteran received a combat medal in order to be eligible. Other programs respond to the needs of specific groups of students, such as the Commonwealth's Sept. 11 2001 tuition waiver program. There is a state assisted loan program for needy students.
E31 American Student Assistance Corporation (ASA)
100 Cambridge Street, Suite 1600
Boston, MA 02114
Toll Free: 1-800-999-9080
American Student Assistance Corporation (ASA) was established in 1956 by a special act of the legislature to assist students to finance post-secondary education. ASA created the Federal Family Education Loan Program (FFELP, formerly HELP) by which commercial credit sources were made available for student loans whose payment was guaranteed by ASA. Under the Higher Education Act, the federal government subsidizes the interest rate for qualified student borrowers and provides full reinsurance of ASA's guarantees to lenders. These loans, now called Stafford Loans, are available from participating lenders who have a contractual agreement with ASA. The Unsubsidized Stafford Loan Program is now available to students in good academic standing regardless of income. ASA also administers the PLUS Loan Program for parents and Supplemental Loans for Students (SLS) program for independent undergraduates and graduate students. Contact ASA for more information.
E32 Massachusetts Educational Financing Authority (MEFA)
160 Federal Street, 4th Floor
Boston, MA 02110
General Info: 1-800-449-MEFA (6332)
The purpose of MEFA is to assist borrowers and institutions for higher education in the financing and refinancing of educational costs and to provide students and parents with convenient and effective savings programs. These include the College Savings Program (known as the U Plan) which seeks to lock in future tuition at participating schools at today's rates; loans for both graduate and undergraduate students, which are low-cost plans for eligible students attending state schools.