Everything you need to know about our
finance programs, finding a school and
the easy application process is right here.
We recommend taking a few minutes
to review all of the FAQs. They will clearly
and simply address every aspect of your
experience. We want to put you in the pilot’s
seat as quickly and easily as possible.

 

Flight Student Forum

Step 2: Where to get our financing

Q:

What schools offer Pilot Finance programs?

A:

Most flight schools that offer fixed-wing part-time training in the United States offer our financing.  Currently, more than 1,300 flight schools that offer part-time training have everything they need to offer our programs to you.

If you heard about us from a flight school, or picked up a brochure there, the school is likely fully enrolled and ready to give you an application or answer your questions.

Q:

What is the best way to choose a school?

A:

Selecting a flight school based solely on the fact that they are enrolled to offer Pilot Finance programs is not a good idea!  More important considerations include:

  • The school’s reputation and years in business;
  • The type and number of training aircraft available;
  • Instructor and aircraft scheduling availability;
  • Distance you must travel for lessons; and
  • Pricing for aircraft rental and instructor time.

Most important of all, you should be impressed with the school’s management and instructors.  Ask yourself:

  • Is the school professional and organized;
  • Are you comfortable with your instructor’s teaching style; and
  • Will their teaching style mesh with your learning style?

The answers to these questions vary greatly from student to student and from instructor to instructor.  When you learn to fly, you are making major commitments of your time and your money.  It is a mistake to shortcut the interview process!

Q:

What if my school is NOT enrolled?

A:

If the school you would like to use for your training is not enrolled with us, have a representative of the flight school call Pilot Finance at (800) 667-0201.  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.

Q:

Why don’t ALL schools offer Pilot Finance?

A:

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:

  1. A flight school may be satisfied with their current level of business activity.
  2. 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.
  3. 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.  Schools that demand up-front payment, or require large “blocks” of funds in advance, cannot offer our finance programs because Pilot Finance will not agree to leave flight students financially unprotected.
  4. The school is unwilling to fulfill their administrative responsibilities under our financing.  This is very rare, but for some schools our requirements may not fit well with their current operating model.
  5. The school has an unsatisfactory record with Pilot Finance.  Although it is extremely rare, there are a handful of schools for which Pilot Finance has withdrawn our programs due to customer or administrative issues on prior transactions.
Q:

Can I switch schools?

A:

Yes, you can change flight schools.  There is no financial penalty.  However, there are some considerations you should be aware of if you wish to switch schools for any reason.

Pilot Finance programs always provide that you can terminate your training at any time for any reason and receive a refund of unused or undelivered training services.  However, our finance transactions are purchased by you, a specific student, at a specific flight school.  Your financed training funds are the property of the flight school from which you purchase your training program until you exercise your right to terminate that program.  Therefore, to switch schools you need to: (a) terminate your existing program, and (b) apply with the new flight school to finance your remaining training.  Pilot Finance will combine your two accounts into one.  This process typically takes less than one week.

Q:

Can I use two different schools?

A:

Normally, this is not possible and is not advisable.  Each finance transaction is between you and a specific school.  In order to train at two schools: (a) both schools would have to be enrolled, (b) both programs would need to fit within our program guidelines, (c) you would have to qualify for both accounts, and (d) you would be required to make two payments per month (one for each account).

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