How MEFA Pathways Increasingly Includes College and Career
Jonathan Hughes, Associate Director of College Planning and Content Creation at the Massachusetts Education Financing Authority, joined me to discuss the organization's work of helping students prepare for post-secondary education. We discussed how MEFA has evolved over its 40 years, including the addition of MEFA Pathways, an initiative focused on career navigation. Thanks for reading The Future of Education! This post is public so feel free to share it. Michael Horn: Welcome to the Future of Education, the show where we are dedicated to a world in which all individuals can build their passions, fulfill their human potential, and live a life of purpose, and to help us think through how individuals navigate so that they can do all of those things. Delighted to have another neighbor to the show and our guest, Jonathan Hughes. He's the Associate Director of College Planning and Content Creation at MEFA, the Massachusetts Educational Financing Authority. We're going to find out all about that and more in just a moment. But first, Jonathan, thanks so much for being here. It's great to see you. Jonathan Hughes: Yeah it's a pleasure to be here. Thank you very much. The History of MEFA Michael Horn: Yeah, you bet. So let's start with just that. Like, you know, the history of the Massachusetts Educational Financing Authority, which in the state we call MEFA, but people outside of Massachusetts might not know the acronym. Tell us the history, how it's changed over the years. What does it do now? Jonathan Hughes: Yeah, absolutely. So MEFA, as you said, is the Massachusetts Educational Financing Authority. And we were actually created, we're a state authority. We were created by the Massachusetts State Legislature back in 1982, so about 42 years ago. And what we were initially created to do was to offer a loan. We were actually created at the behest of colleges. At the time, there was a limit on the plus loan, which is the parent loan for undergraduate student, at $4,000. And there was not a lot of educational loan options for families to go for financing.And so MEFA was created to offer that loan. That's something that we still do. However, as I like to say when I'm doing presentations, you know, since 1982, as you may have noticed, the cost of college has continued to go up. So we have a public service mission to help families to plan, save, and pay for colleges. Just offering that loan wasn't going to be sufficient to do that. So we expanded in the nineties to offer two savings programs. In 1995, we added the U Plan, which is a prepaid tuition program. And in 1999, I believe it was 1999, we added the MiPA U Fund, which is the Massachusetts 529 plan. So that takes care of paying for college and saving for college. The third part of that being planning. That really started to bloom about maybe 20 years ago or so, where we really started to flush out our guidance initiative. And so we offer hundreds of free seminars and webinars every year, you know, in person and virtual, on all topics related to planning, saving, and paying for college. So that's savings, admissions, college financing, et cetera. And now even further sort of branching out from just being college focused, like a lot of things recently, you know, we're sort of branching out to include college and career training. So we have MEFA Pathway, which we'll talk about later on. And we also were selected to offer the state's 529A, or ABLE plan, which I'm not sure if you're familiar with it, but it is essentially, it works in a similar way to the 529 college investing plan. It's for individuals with disabilities, so you can save in a similar way, tax deferred, and use those funds to tax free for qualified educational, I'm sorry, not qualified educational, but qualified expenses, which include educational expenses, but also health, assistive technology, transportation, daily living expenses, things like that. So that is a real change for us as well, and a real expansion of what we do. So I know I'm talking a lot, but it's hard to encapsulate everything that we do, and it takes a lot. But also, I think the backbone of who we are is offering that free guidance to people. So we are here for people in Massachusetts, but anyone as well. The Evolution of the Organization The Future of Education is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Michael Horn: Okay, so that's interesting. So I'm curious then state authorizes you, that's how MEFA is created. It's evolved a lot, as you said, not just loans, abilities to save, like the 529 Able Plan you just talked about, the guidance and so forth, is that, and then obviously, you said the big thing also not just college but also career guidance, is, you know, how does an organization like this evolve? Is this an independent set of decisions? Is this a state sort of mandates that help you evolve? Like, what's the interplay with the state at this point around those decisions? Jonathan Hughes: Well, I think it's a bit of both of those things. So we have certain things like MEFA Pathway, which was, and then we're going to talk about that later on. That's our college and career portal. That was an initiative from the governor's office at the time, Governor Patrick, and we set to work creating at that time, it was called your plan for college. But also, you know, we, in order to do the work that we need to do and be a resource for everybody in Massachusetts, we have partnerships with high school counselors, college administrators, and try to be a resource for them and for their population. So we hear basically what's needed. I'll give you a good example of this. We heard from our college administrators that they were seeing a lot of students who were confused at the point of when they were receiving all their financial aid award letters from colleges, and they needed to make that decision of where they were going to go. A lot of them were having a difficulty deciphering the letters and then comparing the offers among different schools. So, as you know, they're really confusing. Michael Horn: Yeah. Jonathan Hughes: Yes. It's confusing when you're looking at one of them. Michael Horn: Let alone comparing them. Yep. Jonathan Hughes: Right. And, you know, there's not a lot of uniformity between award letters. So we created this campaign called our paying the college bill campaign, where we go and sort of break down what you might see in award letters and also how you figure out what your balance due is at each. And we encourage people to actually bring their award letters so we can help them compare and figure out what they have due at each college. So a little bit of both. Some things come from sort of top down, and some things, a lot of things, I would say, are in reaction to what we hear from partners and what folks need. Building In-State Networks Michael Horn: No, that makes a lot of sense. Okay, one last question, and then I'm going to switch to the MEFA Pathway. But I'm just sort of curious. In general, you have all these products, services. I didn't realize people outside of Massachusetts could use them as well. But within Massachusetts, does the relationship as a state created entity, even though you're a separate nonprofit, does that allow you to get better distribution, to have these partnerships with high schools? Or, you know, how does what you offer get in the hands of not just students, but frankly, the students who maybe need the most support and guidance around these questions that, you know, maybe they're a first gen potential college student, they might not have that knowhow in their household they really need a service like yours. They, you know, plausible. aren't getting the support given what the student to teacher, excuse me, student to guidance counselor ratios are something like what you offer would seem really important. How do you get that distribution and connection with schools, district students? Jonathan Hughes: Yeah, and I think you hit it there. I think it is the relationship with the counselors, and it is relationship not just with counselors, but with CBOs, community based organizations as well, other agencies like agencies. For example, there's one called Mass EdCo, which is headquartered in Worcester, but it's also a free resource for students to use to file financial aid forms and help figure they can help them do a lot of things, basically. And I think so. Trust is key and ease of use, I mean, we are a free resource for folks to use. We do try to encourage guidance counselors or high school counselors rather, to reach out to us with any questions. We are happy to take calls. We do have free appointments that people can set up with us and we do, as I said, take that feedback from counselors. What are their students experiencing? We work with a sort of number of ambassadors that offer free financial aid nights. We will come up with materials, and a lot of this fits in with me for pathway as well, because high schools that use MEFA Pathway have access to us for free, and we're able to sort of hop on a call or run out to a high school to help them administer that. So it is just a lot of important partnerships that we cultivate, and that's why, as I said, trust and usability is so important for us. Michael Horn: Gotcha. And you're able to offer it free because the state helps fund that or how does that work? Jonathan Hughes: Yeah, so we are, financing is done through our loans. So that's how we keep doing what we're able to do. And that's why the loan piece of it is very important to us. That's how we keep the lights on. That's how we keep going out to colleges and to high schools and to K-12 schools and to offering everything that we need to offer to our citizens in Massachusetts and elsewhere. MEFA Pathway Michael Horn: Gotcha. Okay, so let's get, we've teased it now multiple times coming up with another question, but MEFA