by Pilot Finance Inc. | Sep 18, 2013 | School Funding FAQs
At the end of each month we mail a statement to all active flight schools that have students with training funds remaining. This statement displays the remaining funding balance for each student, as well as a list of all checks or electronic transfers paid out to the...
by Pilot Finance Inc. | Sep 18, 2013 | School Funding FAQs
Yes, electronic transfer via ACH is available. However, ACH transfers are not ideal for every school. First, you should make certain that your school has the online capability of monitoring your bank credits daily and identifying incoming transfers based on specific...
by Pilot Finance Inc. | Sep 18, 2013 | School Funding FAQs
All training records or invoices received by 2PM CT will be processed and released by 5PM CT the same day. Delivery time is dependent on USPS processing time for mailed checks, or your bank’s processing time for electronic (ACH) transfers. ACH transfers are normally...
by Pilot Finance Inc. | Sep 18, 2013 | School Funding FAQs
Per our agreement, each flight school is required to submit training records (TRs) or invoices. You can use a personalized TR that we provide, or your own invoice form; whichever is easier. TRs must be signed and dated by the flight student after training has...
by Pilot Finance Inc. | Sep 18, 2013 | School Funding FAQs
As an enrolled school, you must agree that training funds are escrowed and released only after training has occurred. Payment is immediate; there is no delay. However, to protect flight students, funds are not released prior to delivery of services.
by Pilot Finance Inc. | Sep 18, 2013 | School Funding FAQs
You receive checks or electronic ACH transfers from us for financed training that has taken place. In terms of cash flow, this is not unlike the student writing you a check for training after each lesson.
