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!
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*
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.
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. We have 5 lenders that cover the $30-$50k range. Several of the Marketplace lenders have paused due to the Covid19 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 card, Cash and Check, and Wire Transfer.
There are a lot of opportunity in the aviation community to apply for scholarships. Lots of big groups like the 99's and Women's Aviation International offer scholarships. There are also quite a few smaller organizations that offer scholarships as well that can cover anywhere from the cost of the written exam to the cost of a whole program. Need help looking for scholarships? Give us a call!