Our Mission

"We will solve and prevent the student debt crisis with increased transparency, information and technology that is easy to use."
Peter Sims
President

Our History

Fred Amrein is the founder of PayForED.  He saw the lack of information available for parents and students to fully understand how to pay for college.  The current process was resulting in higher debt for most student loan borrowers and confusion regarding their student loan repayment options.

“We develop software solutions that help, prevent and solve the student debt crisis. Our answers 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. 

PayForED is the first company to have a complete technology platform built to help families navigate the entire college funding and student loan repayment journey.

We are passionate about providing the right tools, information and transparency to prevent and solve the student debt crisis.

We are Problem Solvers

A customized approach affecting 44 million people.

We Improve Lives

A holistic solution to a better financial solution.

We Deliver Transparency

Simple and organized answers in one place.

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.

Peter Sims

President

Peter is building on his 29 years of experience in the financial services industry to drive the success of the areas of business development, marketing, and expansion for PayForED.   He started his career as a Registered Investment Advisor and later become a Senior Vice President while at Fidelity Investments. After joining Lincoln Financial Group, Peter held many executive roles including Head of Investment Sales (Delaware Investments), Head of Wire and Bank Annuity Sales and Head of Small Market Retirement. He most recently was Co-Founder of ENSPIRE Investments.

Peter graduated from Boston College with a BS in Business Administration and is a member of SIFMA (The Wharton School, University of Pennsylvania) and holds AIF and CFSLA designations. Peter enjoys spending time with his wife and four children and coaching his children’s football and lacrosse teams.

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

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.

Peter Sims

President

Peter Sims

President

Peter is building on his 29 years of experience in the financial services industry to drive the success of the areas of business development, marketing, and expansion for PayForED.   He started his career as a Registered Investment Advisor and later become a Senior Vice President while at Fidelity Investments. After joining Lincoln Financial Group, Peter held many executive roles including Head of Investment Sales (Delaware Investments), Head of Wire and Bank Annuity Sales and Head of Small Market Retirement. He most recently was Co-Founder of ENSPIRE Investments.

Peter graduated from Boston College with a BS in Business Administration and is a member of SIFMA (The Wharton School, University of Pennsylvania) and holds AIF and CFSLA designations. Peter enjoys spending time with his wife and four children and coaching his children’s football and lacrosse teams.

Michael Lilley

EVP Head of Institutional sales

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.

Gerrie Amrein

Data Quality / Website Content

Megan Kane

Client / Business Relationships

Kelly Remmey

Data Analytics / Quality Control

Kristin Sims

Controller

Michael Hayden

Institutional Business Development

Our Advisor Team

Kevin Connor

Institutional Sales

Kevin Connor

Institutional Sales
Kevin has a successful track record in distribution and financial services. He comes to PayForED with extensive experience in general management, executive leadership, team building and talent development. “We are thrilled to have Kevin on board as an industry recognized leader. His knowledge, experience and passion will drive our success in the advisory marketplace, “Peter Sims, President, PayForED.
Kevin was a Managing Director and Senior Vice President at PLANCO, where he oversaw the day to day operations of finance, sales support, human resources, compliance, IT, and broker-dealer functions. Kevin went on to Hartford Financial Services Group where he led the distribution arm of Hartford Life responsible for the sales and marketing of mutual funds, annuities, life insurance and retirement plans. He transitioned to WealthVest Marketing to lead their marketing and distribution areas after leaving the Hartford Group. Prior to joining PayForED, Kevin founded Connor Consulting Group, LLC to share his expertise with companies. He brings deep roots in the financial services industry as well as a comprehensive understanding of the distribution market and is responsible for distribution in the advisor market at PayForED.

Tom Dugan

IT Expert

Tom Dugan

IT Expert
Tom Dugan has been working in Information Technology for over 40 years in varying capacities from Field Technician to Senior Management. As a parallel entrepreneur, Mr. Dugan started and sold two companies operating both organizations simultaneously for 5 years during which both organizations had astounding growth. His first company, eSource Group, was ranked as Philadelphia’s 14th Fastest Growing Company by the Philadelphia Business Journal. Shortly thereafter, his second company, Recovery Networks, ranked 6th on the Philly 100 in 2009 and was also on the list in 2010 and 2011; Recovery Networks was also the co-awardee for the Best Practices in Business Continuity along with Hewlett-Packard for its work in innovating recovery solutions. The company was also honored as the country’s fastest growing urban companies by the ICIC (ranked #45 in USA.) eSource and Recovery Networks were sold in 2009 and 2013, respectively.
Mr. Dugan was most recently a Senior Director at Dell Technologies focused on Private Cloud Converged and Hyper-Converged architectures. Active in numerous activities, Mr. Dugan is a certified Rugby Coach and Referee; a member of the MS Leadership Class of 2004; he also co-founded, organized and led the first VMware Technology User Group in the Philadelphia region.

Kristen Ballas

HR Advisory

Kristin Ballas

HR Advisory
Kristin is a Human Resources leader with over 15 years of experience. She started her career as a Human Resources Leadership Program (HRLP) graduate and later became the Head of Human Resources for an investment firm and financial services firm. Kristin is passionate about helping small businesses and entrepreneurial startups navigate human resources. She founded Waypoint HR, LLC to draw her hands-on experience to solve small business and entrepreneurial startup HR challenges.
Kristin holds a BS degree in communications media from Indiana University of Pennsylvania and an MBA from Philadelphia University. She also earned a certification in Professional Human Resource Management from Villanova University and holds designations as a Senior Professional in Human Resource Management (SPHR) and a Certified Compensation Professional (CCP). Kristin has been nominated both for the HR Person of the Year Award in 2018 and HR Department of the Year in 2017. She serves as a member on the HR Board Committee for Montgomery Early Learning Center (MELC) since 2017. Kristin lives in Montgomery County with her husband and two children. When she isn’t busy navigating human resources, she loved spending time with her family and practicing hot yoga.

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