4 Ways to Apply! The information is right here at your fingertips. Click any of the links to the right to see the considerations and instructions for each application method. Then choose the one that works best for you.

If you have received a Conditional Approval, the next step is to sit down with an enrolled flight school and price out your training program. This is done on a fill-in-the-blanks form called a Prepaid Flight Training Agreement. You and your school will sign the form. By signing the form, you agree to purchase the training program and your school agrees to sell it to you at the prices and terms stated. Once your program is priced and ready to go, the school will send it over to us. We will prepare your finance contract and send it to you and the flight school via DocuSign. Once it is signed, you can begin training.

There is no cost to enroll, unless: You own or manage a new school that does not have an established track record of training the type of customers we finance; Your school has made multiple requests for enrollment supplies in the past and have lost or discarded the original supplied materials; or Your school specializes in professional or career-oriented flight training. In these cases we may ask for a $200 enrollment fee that is fully refundable when we accept our first account.

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 occurred. Normally our schools submit TRs or invoices via fax.

When considering your application, we look to answer two simple questions: can you afford the payments? and will you make the payments? Can you afford the payments? We want to see that you can easily afford the monthly payment. You should have sufficient income to pay your current living expenses as well as the monthly payment for your flight training. While we welcome new business, we do not want to overburden you financially. Will you make the payments? Flight training financing is not secured like car financing or home mortgages. You pay us back because you have promised to. If you have gone through financial difficulties but have since resolved these issues, we see that as a very good thing. However, if you have unresolved delinquencies or defaults, or seem overburdened with debt, it is unlikely we will approve your application.

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 in your account the next business day.

Our team is committed to processing applications as efficiently as possible. The length of the approval process can vary depending on a number of factors, and we will process applications in the order they are received. Although we aim to provide you with a decision as quickly as possible, we also want to ensure that we are thorough in our evaluation to give you the best financing solution for your needs. How To Apply (ka0Hs000000wMvuIAE) 4 Ways to Apply! The information is right here at your fingertips. Click any of the links to the right to see the considerations and instructions for each application method. Then choose the one that works best for you. How to Enroll (ka0Hs000000wMwKIAU) 3 steps to Enroll. First, read all the Flight School program FAQs to make certain our programs will be a good fit for: The type of training services your school provides; and Your school’s administrative capabilities Second, use one of the first two options at the right to review our Pre-Enrollment Information Package. Finally, complete an Enrollment Profile form. You can get this from us, or You can print and use the form from the Pre-Enrollment Information Package, or You can complete the Online Enrollment form using the third button at the right.

We primarily look at two things when assessing a student‘s creditworthiness. Credit history: We look at the length, type, and quality of the student‘s credit history to see if they have historically made their payments on time. Income and employment: We look at how long the student has been at their current job, as well as their income to see if they can afford the monthly payments.

When we are looking at an application, your credit score is one of the things we look at, but not the only one. The score by itself can be deceiving. We are interested in the duration and type of credit in your history, as shown in your credit report, related to the amount and type of financing you need (unsecured).

This is the first question that most students want answered. Generally we can approve most applications, unless: There is no credit history or extremely limited credit history (a co-borrower will be necessary); or There are outstanding delinquencies or collections; or There is a lack of sufficient income to pay the scheduled monthly payments.

Our Preferred Customer Interest Refund Program is a simple way for students to earn back up to 25% of their interest. If the student makes all of his or her payments on time, the interest will be recalculated 3 percentage points lower than their contract rate and we will refund them the difference. For customers that make their payments on time, the effective interest rates charged work out to between 9%-15%.

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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 training records you submitted for payment. Not all banks transmit the identifying information we send with each ACH transfer. Your accounting records can quickly become confused if your incoming transfers are not reconciled daily. We recommend caution because Flight Training Finance cannot provide account reconciling services for old discrepancies between your school’s accounting records and your bank balance. We can only provide records of recent transfers made and which invoices or charges these transfers applied to. We may have to assess fees for reconciliation work for activity earlier than the previous month.

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.

Yes! Our application provides a blank section where a Co-Borrower can submit their information. Adding a Co-Borrower can only help the strength of your application. Normally a Co-Borrower is a close relative, such as a spouse or a parent. Non-related Co-Borrowers can be considered in some circumstances. If the Co-Borrower is not related to you, it is best to offer comments regarding your relationship and the reasons why the Co-Borrower wishes to be a party to the transaction. Legally, you and the Co-Borrower have the same responsibility for making the payments. A Co-Borrower should not participate in the transaction unless he or she is fully prepared to promptly pay the monthly payments.

3 steps to Enroll. First, read all the Flight School program FAQs to make certain our programs will be a good fit for: The type of training services your school provides; and Your school�s administrative capabilities Second, use one of the first two options at the right to review our Pre-Enrollment Information Package. Finally, complete an Enrollment Profile form. You can get this from us, or You can print and use the form from the Pre-Enrollment Information Package, or You can complete the Online Enrollment form using the third button at the right.

No. There is no prepayment penalty. You will be refunded any unearned interest for paying off your account early. Interest rebates, or refunds, for early payment in full (referred to as ‘prepayment’) is determined by the finance regulations in your state. The calculation varies slightly from state to state.

Generally, enrolled flight schools have no financial liability or costs associated with offering Flight Training Finance’s programs. There are certain minor administrative responsibilities, such as getting contracts signed and submitting signed invoices / training records for payment. This is discussed more in later FAQs.

Our contract interest rates range from 12%-18% depending on your qualifications. Generally, the interest rate will be somewhat lower than you might pay on traditional credit card accounts. The next FAQ explains how every student can obtain lower interest rates with our Preferred Customer Interest Refund Program.

The repayment terms are determined by the number of lessons per week, on average, the student would like to take. Repayment terms range from 18 months for our most accelerated programs with 5 lessons per week, to 72 months for programs with only 1 lesson per week. Most of our customers use programs with 2-3 lessons per week and repay over 48-60 months. At the end of these FAQs, please refer to our payment calculator to see how training schedules affect the size of their payments. Training Schedule Repayment Terms 1 lesson per week 72 months 2 lessons per week 60 months 3 lessons per week 48 months 4 lessons per week 30 months 5 lessons per week 18 months

If funds are left over after training is completed, you have several options: 1) use the remaining funds to rent aircraft and build hours; 2) use the remaining funds to take additional training; or 3) elect to terminate your program and have the unused training funds credited to your Flight Training Finance account to reduce your remaining monthly payments. PLEASE NOTE: All training funds may be fully earned, or used up, by the flight school in certain circumstances where they have guaranteed certification and/or committed to providing free finish-up training, if needed. Ask your flight school if you are concerned about this issue.

"You can apply for add-on or finish-up training provided that 50% of the payments on your initial account are satisfactorily paid. To avoid running short of training funds, we strongly encourage students and schools to package training programs that will be fully sufficient to achieve the training goal. Most of our schools add a cushion of additional aircraft and instruction hours, because many students need more hours than they originally anticipated. Please be aware that additional training will likely have to be paid from other resources. For most transactions, unused training funds cannot be forfeited, as explained in the next FAQ.

All Flight Training Finance programs clearly state that you may terminate your training at any time for any reason! Your school and Flight Training Finance warrant this right. Both of us guarantee a refund of any unused training funds at the time of your termination. The refund is credited to your Flight Training Finance account balance. You will never have to pay for training services you did not receive! We are proud of the way our programs protect our students. This is a very important risk consideration for flight students. You should be careful of programs where the flight school controls a significant amount of the training funds exclusively, unless the financial institution guarantees that an immediate credit refund is available when a training program is terminated, regardless of the reason for termination.

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.

In a few cases the school may be new. If a representative from the school contacts us at (800) 667-0201, we can typically have them set up to offer our programs within a week. However, there may be valid reasons why a school does not, or cannot, offer our programs. These reasons include: A flight school may be satisfied with their current level of business activity. The type of training primarily offered by the school may be incompatible with our financing. Examples of these can include accelerated training or programs too small to finance. The school may not agree to escrow training funds. We set aside all unused training funds in an escrow-type account. This protects the student if a school closes, does not deliver the training services in a satisfactory way or claims the student has taken training that he or she may not have actually received. Under our programs, flight students sign for all training events and expenses to indicate they have satisfactorily received the service.

If the school you would like to use for your training is not enrolled with us, have a representative of the flight school call Flight Training Finance at (800) 667-0201 or go to our website at www.flighttrainingfinance.com. We can have the school enrolled in less than a week. Normally, there is no cost or liability to the school when they offer our financing. However, enrolled flight schools do have some administrative responsibilities. We will discuss these issues with each new flight school. In most cases, there are no problems. Recordkeeping requirements become routine for schools that use our programs regularly.