How to pay for flight training
Flight training is not an inexpensive adventure! For that reason, we have several different funding options for you to explore. We understand that every student has a unique financial situation, so we are more than happy to talk with you and help find the best option for you! Some of the loan terminology below can be confusing, so don't hesitate to contact us with questions! We will do everything we can to help!
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Perfect for 1-5 lessons per week
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2-3 Lessons per week for less than $100
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Rates of 12%-18%
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Opportunity to explain any past credit concerns for consideration
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Students with a poor credit history can add a co-borrow to help with loan approval
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Loans typically approved within 24 hours
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Cash refunds up to 3% at completion with great payment history!
AOPA Finance
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Rates start at 12.99% and go up to 14.99% APR
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Rates are floating based on WSJ Prime rate. With a credit score of 740 or above it is Prime + 4.99%
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Minimum credit score of 660
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Payments are $25 for every $1000 in outstanding balance
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Credit approval and interest rates are dependent upon the credit history, income and obligations of the applicant and co-borrower, if any
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Total unsecured debt cannot exceed 30% of annual income
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Maximum DTI (Debt To Income Ratio) of 50%
Self Fund
If you find yourself in a position to have the ability to self fund your training, then congrats! This option is pretty simple. Some students will pay for training up front or in lump sum payments. Others prefer to pay as they go and pay for each individual lesson as they complete them. We are good with either option. We'll also work with you on the best training schedule that fits your needs and budget, so you can fly as often, or as little, as you'd like.
Local Banks
Local banks and credit unions can also be an option for you to explore. Most offer educational loans, personal loans, lines of credit, and other options that you could fund your training with. You'll likely find that the rates and terms to be very similar to those offered by the other two lenders mentioned above, but it never hurts to call or stop by a bank to inquire.