Pilot Training Financing Options

Financing Options

As a leading flight school in Mesa, the team at the UND Aerospace Foundation understands that pursuing a career in aviation can be a significant financial investment. That's why we strive to ensure our students understand their options when it comes to acquiring financing aid to help them achieve their dream of becoming a pilot.

We want to first mention that the journey to secure financing for flight training should be a carefully considered process and not necessarily a quick decision. Borrowing money is oftentimes both a personal and family decision. Each individual needs to consider their own circumstances carefully. While not all families have the financial capability to provide assistance or act as co-signer, it may be worth considering.

Looking for Financing Options for Your Pilot Training?

We also understand that assistance from family may not be an option for everyone. Additional options may include working with your personal financial institution or perhaps even your local Credit Union. Often, the relationship you have with your financial representative can be helpful in securing a personal loan to finance your flight training.

Sallie Mae^® Airline Career Loan for Flight School Students (Professional Pilot Only)

UND Aerospace - Phoenix Flight Training Center has teamed up with Sallie Mae^® to offer a financing option to help fund pilot training. With the Sallie Mae^® Airline Career Loan, students can get the money and resources they need to attend flight school and launch their career as a pilot.

You can borrow up to 100% of the cost of training, and benefit from flexible repayment options to fit your needs: interest only, fixed repayment, and a deferred option

No origination fee or prepayment penalty

Variable or fixed interest rates

Add a creditworthy cosigner

Since most students have little or no credit history, they were nearly 4X more likely to be approved with a cosigner last year! A cosigner is usually a parent, relative, or other responsible adult with good credit, and having one may help you get a better interest rate.

Available to qualified international students with a creditworthy cosigner that is a US citizen or permanent resident

Other Financial Aid Options

For those who are looking to enroll in our collegiate flight training program in partnership with Chandler-Gilbert Community College (CGCC), there are a variety of loans, grants, scholarships, and Federal Work-Study programs available to help you fund your training. However, you must pass the qualification criteria to be eligible for most of these financial aid programs, with the exception of scholarships, which are mostly awarded to students with special abilities or talents.

We suggest consulting with a financial aid representative at CGCC to help you understand your options and determine which is best for you. They can also assist you through the application process to maximize your chances of receiving financial aid. If you do take out a loan to finance your pilot training, you will be required to repay the loan in full with interest. As such, it's crucial to have a solid plan for paying off your loans after graduation or as stipulated in the loan agreement to avoid accruing excessive debt.

Final Thoughts

At the UND Foundation Phoenix Flight Training Center, we are committed to helping you make your flight training dreams a reality. We understand that financing can be an obstacle, so we have created a flexible pilot training curriculum where you can complete your training in one shot or in stages with logical starting and stopping points.

This means if you're not afforded the full amount to cover your entire flight training when applying for financial aid, you can still pursue your pilot training as you look for additional financing. This gives you the flexibility and freedom to attend flight training at your own pace while still achieving your end goal of becoming a licensed pilot.

If you have any questions about financing your flight training, don't hesitate to reach out to us. We look forward to helping you take the skies!

Sallie Mae^® Airline Career Loan

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