PAFA wants to help students to afford the expense of higher education by conserving their savings and limiting their borrowing. For this reason, an Interest-Free Monthly Payment Option is offered, allowing the student to spread expenses over the academic year. Expenses may be spread over the academic year, in ten equal monthly payments, without interest. This will enable the student to budget expenses more easily. The cost of this monthly payment option is an annual $75 enrollment fee. This includes automatic life insurance, which covers the unpaid balance of the student's annual budget. The Interest-Free Monthly Payment Option may prove helpful, whether or not the student qualifies for financial aid.
Visit the PAFA Tuition Management Systems website.