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Finance Your FLIGHT SCHOOL With Stratus Financial
FLT Academy is teaming up with Stratus Financial to help you achieve your goals of becoming a pilot.
A Partnership For Sky-High Dreams
Stratus Financial works hand-in-hand with flight schools like us to provide students with the financing they need to become a pilot. In partnering with FLT Academy, we’ll finance all trainings, test/check rides, and accommodations needed for the course you choose.*
Loan Options
Option 1
15 Year Term
Variable rate
1-year Deferred Payment
1-year Interest Only
13 Years Principal/Interest
*Residents of TX, OH, MO, NC, LA, and MI are not eligible for deferred payment option. These residents cannot defer a payment, but are not charged origination fees*
Option 2
15 Year Term
Variable rate
2 year interest only
13 year principle/interest
Option 3
15 Year Term
Variable rate
15 year principle/interest
Option 4
10 Year Term
Variable rate
1 year interest only
9 year principle/interest
Option 5
15 Year Term
Fixed rate
15 year principle/interest
Student Requirements
Before we can approve your loan, here are a few requirements to ensure your loan is approved:
- Must be a US Citizen or Permanent Resident**
- Paystubs for the past two (2) months
- Bank statements from the past two (2) months
- Driver’s license
- Name & contact number of employer (for employer verification)
- 1st or 2nd-class medical certificate
- Co-borrower recommended
- Pilot certificate (if applicable)
- Subject to credit check and underwriting
Loan Process
Our loan process is straightforward and quick so you can start your pilot training as soon as possible!
Before applying to stratus
We recommend you (and your co-signed, if applicable) have the following information handy:
- Training program and a copy of your estimated cost of training. Stratus does not currently finance training programs for recreational flying.
- Residential Address: Stratus would like to know your current address as well as if you plan to relocate to attend the flight school.
- Your identity information such as Legal Name, Citizenship, Social Security Number & Date of Birth.
- Financial Information such as employment situation, income, expenses, assets If conditionally approved, here are additional docs you may need:
- Identity documents (such as Driver’s License)
- 1st Class FAA Medical Certificate
- Proof of income (e.g., such as Paystub)
- Recent Personal Bank statements
- Proof of Assets – such as mortgage statement, investment accounts
Please note, down payments may be required depending on approval amount.
FREQUENTLY ASKED QUESTIONS
We know flight school financing for your education is important so you can get started right away. Here are some frequently asked questions when it comes to paying for FLT Academy’s flight training.
We base our loan approval on the merit of the borrower and co-borrower (eg, friends, siblings, parents). Here’s what we look at:
- FICO score
- Current income while in flight school
- Assets
We can consider 2 out of 3 of these factors depending on the borrower’s financial capacity.
We do initial underwriting within 1-2 hours. If all documents required are submitted to us, we process and prepare the final loan documents within one (1) day. We fund the loan within three (3) business days after all parties have signed the loan documents.
You may repay the loan in whole or in part without penalty.
We only require applicants complete the loan application form to apply. Once you have filled it out, we would determine if the information you provided would require you to have a co-borrower to qualify.
Stratus Financial pays directly to your school.
GET IN TOUCH WITH AN ADVISOR TODAY
Don’t let funding stop you from reaching for the sky. Sign up for financing from Stratus Financial, and start pursuing your dream of becoming a pilot today!
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*Rate depends on credit. Origination fee required once fully approved.
**if non-US Citizen, TSA verification required