Flight Training Financing
We know that the cost associated with flight training can be expensive and hard to pay out of your pocket as you go. We currently recommend AOPA and Pilot Finance, which are geared specifically for pilot training. The best part is that the payments are relatively low and a monthly payment can cost less than a 2 hours of flying!
AOPA Finance:
With AOPA Finance, credit approval and interest rates are dependent upon the credit history, income and obligations of the applicant and co-borrower, if any. Payments can be as low as:
- Private pilot’s license for as little as $150-300 a month*
- Instrument rating for as little as $175 a month*
- Multi rating for as little as $75 a month*
https://finance.aopa.org/flight-training-finance1-800-627-5263
Pilot Finance:
With Pilot Finance, you can apply online and get a response within 24 hours. Their website has a repayment calculator, along with a long list of FAQs and an online application.
https://www.pilotfinance.com/flight-students/#1-800-667-0201
SuperMoney:
SuperMoney is a one-application process that has over 20 vendors to see if you qualify. One of the lenders (SoFi) that can service up to $100k loan amounts. There are 5 lenders that cover the $30-$50k range. Several of the Marketplace lenders have paused due to the COVID-19 pandemic (LendingClub, Best Egg, etc.), and others have tightened up their lending criteria. https://app.supermoney.com/loan/career-education/fly-around-alaska/
Other payment options:
Many students take out a low-interest personal loan through their credit union or bank. We also accept Credit cards, Cash and Check, and Wire Transfer.
Scholarships:
In the realm of aviation, scholarships open doors to new possibilities, offering financial aid from foundational lessons to advanced training. Esteemed groups like the 99’s and Women in Aviation International are well-known for their scholarships. In addition, a myriad of smaller organizations provide awards that can subsidize everything from exam fees to the entirety of a flight education program.
And if you have any questions or need further assistance, don’t hesitate to give us a call. Your journey to the skies is just a scholarship away.