Students must also demonstrate satisfactory academic progress as outlined in the Hendrix College Catalog to continue in this program from year to year. PACE remains available to all students who are meeting satisfactory academic progress requirements as outlined in the Hendrix College Catalog. Hendrix College will no longer subsidize a PACE 1 loan. Repayment continues without interruption until the debt is retired. There will be an adjustment to payments following graduation to establish a plan for a ten-year fixed payment plan and insure retirement of the debt within ten years.
Models showing projected payments following graduation are available.
There is no penalty for early payment. Any money not used at the end of the year will be refunded to the student. This is a new program. Hendrix is the first college in the country to offer PACE , and one of only two colleges currently offering this program in association with Education Investment Company. Education Investment Company is a privately owned company that provides financial services to students and families.