At Boston, Massachusetts: as of 12:54 PM
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[46 min ago ]
(NECN: Brad Puffer, New Bedford, Mass.) - Gary Gomes of New Bedford, Massachusetts, accused in the deaths of two women found in a city apartment, appeared in court today. Police say the landlord's son found the bodies yesterday after entering the...
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[53 min ago ]
(NECN: Lauren Collins, Manchester, NH) - New Hampshire saw its fair share of storm problems last month. While it is more of a snow event to the north today, the southern part of the Granite State is seeing a messy mix. Right now it is sleeting in...
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[55 min ago ]
(NECN: Jennifer Eagan, Worcester, Mass.) - Many people in Central Massachusetts cringed when they saw the forecast for more ice. Worcester was one of the cities hit hard by power outages in December's storm. In all of Worcester County, there are only...
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Breaking News          [ 1 hour ago ]
DiMasi re-elected to third full term
BOSTON (AP) - Salvatore DiMasi was easily elected to his third full term as House speaker, despite ethics......read more
BUSINESS: MEFA will not offer student loans this fall
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July 29, 2008
MEFA will not offer student loans this fall


(Jennifer Eagan, NECN: Worcester, MA) - On Monday more than 40,000 students are finding out they're losing a major loan option. MEFA, the Massachusetts Educational Financing Authority announced it won't be giving out any loans this fall.

Last year MEFA made more than a half a billion dollars in loans to Bay State students.

The state run lending authority is suffering from the same credit crunch that has affected the student loan market nationwide.

NECN's Jennifer Eagan has more.

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