Alternative Financing Options
At Pace University we understand that some students may need to look for options other than traditional financial aid to pay their expenses. The two alternative financing options are private education loans and the Tuition Pay payment plan.
Private Education Loans are credit-based loans borrowed by the student. It is highly recommended that the student apply with a co-signer to increase their chance of approval and to receive a better interest rate.
Many lenders now offer a choice between a fixed-rate loan or a variable interest rate loan. Upon applying, your lender will provide you with necessary information regarding your options. On either type of loan the interest will begin to accrue at time of disbursement.
If the student chooses to use an alternative loan, be aware that the process could take as long as 30 days before the lender can disburse the funds to the school.
Pace University does not recommend any particular lenders. We will accept and certify a loan from any lender the student chooses.
Tuition Pay payment plan:
The Tuition Pay plan allows students to make payments over 5 months for one semester. This program is administered through the Office of Student Assistance – Student Accounts. For more information, please visit the OSA webpage.
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