Our Mission
"We provide customized answers that prevent and solve the student debt crisis by adding the missing transparency that is easy to use."
Our History
Fred Amrein is the founder of PayForED. He recognized a critical gap: parents and students lacked clear, actionable information to navigate the true cost of education. The current process has resulted in higher debt for most student loan borrowers and confusion regarding their student loan repayment options.
“PayForED provides specialized software and advisory support for college funding, graduate school planning, and student loan repayment strategies. Our customized strategies and solutions will improve the financial lives of millions of people today and in their financial future.”
Fred Amrein
CEO / Founder
In late 2015, Fred partnered with a software development company to develop a cloud-based suite of solutions to address the college affordability and student loan problem. The platform used his customized spreadsheets as a foundation. These programs were used to help thousands of college funding and student loan repayment customers.
The national launch of the entire PayForED software platform occurred in 2018. This launch also included a complete financial advisor training program (College Funding and Student Loan Advisor), which was awarded the CFP CE Quality Partner Status. In January 2023, seeing the need for a stand-alone course for Student Loans, the company added our second financial advisor training program (Student Loan Repayment Advisor), which was also awarded the CFP CE Quality Partner Status. In 2026, the company updated its software solutions to reflect the changes in the OBBB ACT. Our goal was to give families a clear understanding of the updated loan limits so proper planning can be achieved.
PayForED is the first company to have a complete technology platform built to help families
navigate the entire college funding, graduate planning, and student loan repayment journey. PayForED empowers families and advisors with clarity, structure, and confidence in every step to their goals of education planning.
We are passionate about providing the right tools, information and transparency to prevent and solve the student debt crisis.
Our Team
Fred Amrein
CEO / Founder
Fred is a nationally recognized expert in the college funding and student loan repayment process. He has over 30 years of combined corporate finance, technology and personal financial planning expertise that merges into his unique approach to help students and parents envision the financial outcome of a college education. Fred developed the first comprehensive college funding and student loan repayment software suite. He brings together the financial aid process, college savings plans, educational strategies, student financing and loan repayment options. His mission in founding PayForED is to prevent and solve the student debt crisis.
Fred has a BS in Accounting and Marketing and an MBA in Finance from St. Joseph’s University. He is a former board member of the National College Advocacy Group (NCAC). As an expert in his field, Fred is the author of a book and various CFP approved training programs. He has been quoted by the Wall Street Journal, Money Magazine, US News, as well as other national publications. Fred is married and has three daughters who are all college graduates. He enjoys golf and tennis in his free time.
Michael Lilley
EVP, Head of Institutional Distribution
Mike brings 25+ years of employee benefits experience to PayForED, where he has worked with large employers to help them strategize to provide competitive, state of the art benefits programs that attract and retain the best employees. Mike co-founded two benefit consulting firms in the Philadelphia area. One of the firms, Evolution Benefits Consulting, was acquired by Willis Towers Watson in 2015. Mike brings his comprehensive understanding of the benefits industry to PayForED as he focuses on continuing growth in the Institutional and Financial Wellness markets.
Mike has a BS in Finance from Boston College. He is married with four children and enjoys U.S. History and coaching youth sports.
Fred Amrein
CEO / Founder
Michael Lilley
EVP Head of Institutional sales
Gerrie Amrein
Data Quality / Website Content
Kelly Remmey
Data Analytics / Quality Control
Our Advisor Team
Tom Dugan
John Morabito
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