Providing an Affordable College Education "PACE"
The PACE Program is a proven affordability strategy that benefits both colleges and families. The main college benefit is the great financial leverage the PACE program creates to increase enrollments and net tuition revenue. The main family benefit is the school-provided interest subsidy, which saves thousands of dollars of interest. Colleges may now select to pay the full or partial interest subsidy for their borrowers. They can also select the level of interest subsidy based on the total cost of attendance.
Try our PACE calculator to see how much borrowers can save under the PACE program.
Other PACE products include:
- PACE PLUS loans
- PACE Graduate PLUS loans
- PACE Undergraduate Stafford loans
- PACE Graduate Stafford loans
- PACE Private or Alternative Loans (student & parent)
College Aid Calculators
Since so many student applications and enrollees are sourcing through electronic means these days, ProEd offers a complete line of financial aid Calculators through our partners, Think Ahead.
We are strong advocates of investing in a price calculator for your web site that would highlight the college or university’s merit and need-based aid programs.
The model we have designed shows how much the college is investing in the student and how much the family would be expected to invest. It is constructed to work on just a few important academic variables. For example, the student simply picks the GPA and SAT range that matches their own grades/scores and the Price Calculator would return the amount of scholarship they could expect to receive.
Another feature of the calculators allows colleges to collect data entered into the calculator by the student. This data can then be matched with other institutional data to improve the qualification process.
College Aid Calculators are available in many sizes and levels of complexity. Here is a list and short description of our main products:
Price Calculator: This tool is a one page net price calculator to show how much the college will invest in a particular student based on limited academic or financial data. This is designed primarily for marketing pricing and/or affordability strategies.
Estimated Family Contribution Calculator: Estimates what the family is expected to contribute based on family income and assets and projects that contribution in future years. Both Federal Methodology and Institutional Methodology calculators are available.
College Aid Calculator: Helps families with high school age children determine the amount of aid they can expect to receive from all sources and types of financial aid.
Early College Cost Estimator: Helps parents plan for college costs for younger children.
PACE Calculator: Calculates the significant accrued and capitalized interest that result from the college-provided interest subsidy while the student is enrolled at that college.
ProEd Online Report Manager