Flight School FAQs
Step 4: Training Compatibility
Yes. For a student with little to no flight experience we typically finance a program for the student’s private pilot and/or instrument training. This will result in an affordable monthly payment for most students.
For students that have no flight experience and want to finance a program all the way through their commercial certification, it is increasingly likely the student will find the monthly payments to be too large and/or the training schedules to be too slow.
For students that currently have their private pilot, instrument, or more advanced certification, we may be able to finance advanced training. If your student is looking to finance an advanced certification, make sure that the program still fits within the rest of our guidelines, specifically with regard to minimum program sizes and training schedules.
We finance training programs of between 1-5 lessons per week, averaging up to 2.0 hours of aircraft rental per lesson. Training programs of more than 5 lessons per week, or more than 2.0 hours per lesson, are considered “accelerated” or “full-time” training and are not compatible with our financing.
A typical “full” training program usually includes 55-65 hours of aircraft rental. To qualify for full repayment terms as indicated on the yellow payment estimation sheet in your school enrollment binder, a training program must include 45 or more hours of aircraft rental.
We consider “partial” programs of 25-44 hours of aircraft rental on an exception basis, but with shorter repayment terms to reflect the smaller program size. If you plan to submit a Prepaid Flight Training Agreement with 25-45 hours of aircraft rental, please call us before you do so at (800) 667-0201. This way we can provide you with an estimate of the repayment terms and monthly payment size of the program, which you can convey to the student.
We are not able to finance training programs with fewer than 25 hours of aircraft rental.
There is no maximum program size. The maximum approval size is determined by the student’s payment history, income and employment history, outstanding debts and ability to make the agreed monthly payments.
When you are preparing a Prepaid Flight Training Agreement for a student that has already been conditionally approved, the maximum amount he is approved for will be indicated on his credit response.