Alternative Loans and Payment Plans

An alternative loan is a private loan in the student’s name which, depending on the applicant’s credit worthiness, may require a co-signer. Students may use the loans to pay for the remainder of their college tuition and fees and other living expenses (books, housing, transportation, and personal expenses). If students are applying for loans to finance non-Pace housing, they must provide the Office of Financial Aid with a copy of their lease prior to submitting the loan application.

Payment and interest may be deferred up to 6 months after graduation, or at least as long as the student is enrolled part-time. Interest charges will begin once the funds are dispersed to the university. It is strongly suggested that students try to make the interest payments in order to avoid principal cost increases.
 
Before you begin the application process, we recommend you obtain a credit report. Even if you already have one, it is always better to get the most up-to-date report possible. The three major credit bureaus providing credit reports are:

It is the student's responsibility to follow up with the lending institution to ensure that they have received all requested documents needed to finalize the loan. Loans must be certified by a counselor at Pace University’s Office of Financial Aid in order to complete the loan process. If you are dissatisfied with your lender, please alert the Office of Financial Aid.

Making Payments:

On-line: You can make payment under "Registration and Grades", "Pay Your Tuition and Fees Online". You will have the option of paying by webcheck or credit card. Pace accepts Visa, MasterCard, American Express, and Discover/Novus. If you wish to pay in monthly installments, you must enroll through a Pace Payment Plan.

Payment Plan Options

Pace University offers monthly payment plans accessible through the MyPace Portal. These interest-free payment plans are not loans; therefore, there are no credit checks. Plans available for the fall and spring semesters are in three, four, or five monthly installments. Also available is a weekly plan option available for the summer terms.

All students are eligible to take advantage of these payment plans. Please note there is a $70 non-refundable enrollment fee each term, and students must re-enroll in a plan each semester. The link to the Payment Plans will detail payment due dates, type of payments accepted, (credit cards*, web checks, ACH payments), as well as fees associated with late payments.

By Mail: Payment may be made via check or money order. Please include your Student ID number. If you are selecting the full payment option, please make your check or money order payable to Pace University and send to:

Payment Processing Center
861 Bedford Road
Pleasantville NY 10570.