How to Pay for Flight School
One of the most frequently asked questions is ‘how to pay for flight school?’
We understand the cost of pilot training is a large financial commitment. However, the cost is reflective of the quality of training, the future financial rewards and the many other benefits of being a pilot.
Flight school loans are a source of financial aid to help fund your pilot training.
At L3Harris, we offer a range of financing options to help.
Sallie Mae flight school student loans
We've teamed up with Sallie Mae to offer flight training financing options to help fund pilot courses and programs. With a Smart Option Student Loan from Sallie Mae you could borrow up to 100% of the cost of pilot training, and benefit from flexible repayment options.
Meritize flight school student loans
L3Harris Flight Academy has partnered with Meritize to offer educational financing for approved pilot training programs. Qualified students could apply for a flight school loan and borrow up to 100% of the cost of training.
Stratus Financial flight school student loans
Stratus Financial was founded by FAA Certificated Flight and Ground Instructors passionate about helping others achieve their aviation dreams. They know it’s not just about achieving your dreams, but funding your dreams as well.
Who Can Apply for Flight School Loans?
It is important to note that all flight school loans have unique requirements and eligibility criteria. The aviation loans available through our partners are only open to U.S. citizens, therefore international students applying for our Professional Pilot Program may need to find alternative flight training financing options.
If you have any questions about our flight school loans and your eligibility, get in touch with us today.
Repaying Flight School Loans
All types of pilot training loans need to be repaid, it is important to ensure that you have a plan in place and the means to repay your aviation loan within the repayment window. Each type of flight school loan will have a different repayment window, so be sure to look at this carefully, along with the interest rate.
Never borrow more than is necessary for the cost of your training program and always carefully read the paperwork and terms & conditions of your aviation loan. If you are unable to repay your flight school loans within the necessary repayment window, you may incur late payment fees, added interest and it could also impact your credit score.
If you have applied for multiple flight school loans to cover the cost of your tuition, you could consider private loan consolidation to help you keep on top of loan repayments.