I think it is theoriatically possible with a jailbroken ipad. However I suspect it is so much more trouble than its worth.
Btw. apple developer accounts are free, just iOS development licence costs 99$ per year.
Even if you manage to install it somehow, you could never publish it to app store without it.
If you are on a mac you could deploy to ipad simulator (not air simulator) without one though.
Thank you so much for the answer.
I should have asked a better question...
I am looking method of getting the work on my personal I-PAD.
I would prefer not to pay an extra 99 to Apple for the privelage of installing software I built on the device I bought.
The answer still stands, although I agree that it is unfortunate. Your only chance is then jailbreak.