For accepted applicants that don’t want or are unable to obtain student loans Transart offers for the third year running a short term Debt Free Payment Plan at a fixed interest rate of 3.25% APR. Depending on scholarship levels monthly payments range from $446 to $972. Now this does not make education free but it certainly weighs less than a 30 year loan at a variable interest rate. Current Transart Debt Free Payment Plans run for three years with a deposit of $5750 required.