Credible adds MEFA to its marketplace

Student loan marketplace has partnered with the Massachusetts Educational Financing Authority (MEFA) in a move which sees MEFA offering student loan refinancing to borrowers across the country. now offers student loan refinancing through six lenders.

Stephen Dash

Stephen Dash

“Expanding the number of lenders competing through the marketplace helps us serve a broader range of borrowers and provide consumers with more choices,” founder and CEO Stephen Dash said.

“We are pleased that MEFA shares our goal of helping consumers make decisions based on their own unique situations, by providing them with the level of transparency they deserve.”

MEFA’s Education Refinancing Loan is available to borrowers in all 50 states who have a minimum of $10,000 in student loan debt at rates ranging from 4.95-6.85 percent. Variable-rate loans begin at 3.31 percent. Borrowers refinancing student loans through MEFA don’t pay application, origination or prepayment fees.

In a release said the average borrower saves an average of 1.59 percentage points and $18,668.