PAYG may be 'old fashioned', but it forces you to be frugal, to scrounge about for better pricing, and it also indirectly 'pressures' the supplier to not overcharge. When you borrow a hefty sum, there is less scrutiny of each individual cost in your training - and suppliers know this!
I don't believe that anything has changed in the last 50 years. Good luck!
happy days,