About two weeks ago, we noted that Massachusetts doesn't measure up when it comes to funding its students. As if the lack of state aid weren't enough, the Globe reports that nonprofit lending agency Massachusetts Educational Financing Authority will not be providing private loans for students entering school this fall. The organization offered over $500 million in loans last year, so that's major money to make up. MEFA will continue to help families with college savings, and hopes to offer loans later this year.
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