Financing

Finance your Flight Training

Although $50,000 to $95,000 is considered a huge amount of money, as an entry to one of the most lucrative and exciting careers out there (with salaries topping out above $400,000 per year), it is a small price to pay towards the investment to change your life. Compared to University Degrees costing hundreds of thousands of Dollars that will let you have far lower income caps, this truly is hard to beat.

Race City Flight Operations students will often pay out of savings, or have a parent/relative put up the money as a loan. Sometimes, a family may try to finance by getting a Home Equity Line of Credit (HELOC).

We are excited to be able to offer a competitive option, by partnering with Stratus Finance. Of course, all loans come at a price, but when you consider the career income, it can be worth it. The Race City Flight Operations Course cost is STILL lower than many of our competitors, EVEN WITH loan expenses.

 

We have partnered with the Meritize Platform to provide our students with financing options to fund your education. With a Meritize Loan, you can get credit for your merit and potentially improve your loan options by sharing your academic history or military background, if approved, full deferment during school is available for certain products. Check your loan options in minutes without impacting your credit score at Meritize!

Meritize Lending, LLC, NMLS ID 1661035 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)
Meritize Financial, Inc. NMLS ID 1986399 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)
Terms and Conditions apply. Meritize branded loan products are educational loans issued by Meritize Lending, LLC**. Meritize reserves the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S.citizen, permanent resident or hold an Employment Authorization Document and meet Meritize’s underwriting requirements. If approved for a loan the actual loan amount, term, payment, and APR amount of loan that a customer qualifies for may vary based on credit determination, state law and other factors. Meritize does not warrant or guarantee any claims made herein, including, but not limited to, gaining admission to a program, concerning the quality or financial strength of any educational institution, securing funding or obtaining employment. Our final loan offer may differ as a result of the school chosen and the associated cost of tuition. Not all schools are eligible for funding. Meritize does not offer educational loans in the following states: IN, ME, ND, NV, SD, VT, WI, WV, WY, PR. All rights reserved.
**For residents of SC, loan is made by Meritize Financial, Inc.
*Variable rates are subject to change

 

Financing Available in partnership with Stratus Financial

Click Here to Apply

 

LOAN SECURED AGAINST INCOME, USE A CO-BORROWER
Income is required to qualify for most loans, so full-time students should apply with a Co-Borrower who has good credit and an income during training (such as a parent or spouse/partner)

FINANCE THE WHOLE PROGRAM
With Stratus Financial you can finance the entire course, all of tests/checkrides, supplies-EVERYTHING.

REASONABLE RATES
Rates depend on credit and can be up to 14.99% with an origination fee. Option to pay only interest for the first 2 years while working as a CFI (IO: Interest Only).

10 and 15 YEAR TERMS
5 term options available.

 

We offer 4 packages to our students. These will get you flying and having an income in as little 6 months!

 

Bronze Package Silver Package Gold Package Platinum Package
Guaranteed 250 Hrs Guaranteed 265 Hrs
(15 Multi)
Guaranteed 300 Hrs
(15 Multi)
Guaranteed 300 Hours
(25 Multi)
Private Pilot Private Pilot Private Pilot Private Pilot
Instrument Pilot Instrument Pilot Instrument Pilot Instrument Pilot
Commercial – Single Engine Commercial – Single Engine Commercial – Single Engine Commercial – Single Engine
Kits (3) Commercial – Multi Engine Commercial – Multi Engine Commercial – Multi Engine
Checkride (1) Kits (3) CFI – Single Engine CFI – Single Engine
Written Test (3) Checkride (4) CFI – Muli Engine CFI – Muli Engine
Written Test (3) CFI – Instruments CFI – Instruments
Headset / IPAD Kits (3) Books
Written Test (6) Kits (3)
Headset / IPAD Checkrides (7)
Written Test (6)
Headset / IPAD
$59,000 $73,000 $84,000 $93,000

 

 

Loan Payment Option Program:

Loan Option #1 Loan Option #2 Loan Option #3 Loan Option #4 Loan Option #5
Type Variable Variable Variable Variable Fixed
Maturity 15 Year Term 15 Year Term 15 Year Term 10 Year Term 15 Year Term
Program 1 year Deferred

1 year I/O

13 Year Amortized

2 year I/o

13 Year Amortized

15 Year Fully Amortized 1 year I/O

9 Year Fully Am

15 Year Fully Am

Here are some example monthly payments for each term.