If you’re considering getting an unsecured loan, be sure to look at all of your options. Compare products from several different lenders. You can do this online, at web sites like www.lendingtree.com. Different lenders have different fees for unsecured loans, so it is important to shop around and make sure you get the best possible deal.
But remember, only take out an unsecured loan if you
really need it – and be sure to use it wisely.
Bringing the Dream Within Reach. So many people dream their whole life of being a pilot, but relatively few take the steps to begin a flight training program. Even a part-time training program of two or three lessons per week means a financial commitment of $1,200 to $1,800 per month during training. These numbers cause many prospective students to delay, or completely give up, their dream of flying. Pilot Finance can help! Our programs, offered through hundreds of participating flight schools, give students the opportunity to earn their wings with affordable, level monthly payments.
SunTrust offers personal unsecured loans - loans for which no collateral
is needed - to credit-worthy clients. SunTrust’s unsecured loans give you maximum flexibility. Use the funds you receive for almost any purpose, from flight training, housing during your training or the pilot supplies you want.
SunTrust’s unsecured loans feature competitive fixed rates and flexible terms along with a full range of convenient repayment options.
Apply for an unsecured loan online, at your local SunTrust branch, or by calling a SunTrust lending specialist at 800.279.4824.
Why get a Personal Loan?
A Personal Loan offers a number of advantages:
- Immediate funding - you’ll know if you qualify for the loan within hours, and usually have the funds the next business day
- Simple application - you won’t have to deal with a complicated application
- Fixed term, fixed rate - you know exactly how much you’ll pay each month, making it easy to budget
- Low minimum loan amounts - borrow as little as $3,000
Apply online now!
Applicants who apply with cosigners generally receive higher approval amounts and lower interest rates. To help your cosigner understand this process and learn more about the professional pilot career path, we’ve prepared a helpful cosigner prospectus. We recommend you review this with anyone you ask to co-sign on your flight training loan.
AOPA CREDIT CARD OPTION
0% CREDIT CARD OPTIONS
PRIVATE LOAN FROM A BANK, CREDIT UNION, PERSON-TO-PERSON LENDER, FAMILY MEMBER
You'll need a strong credit rating or a solid co-signer to get a loan from a bank or credit union, but a private loan may not require a credit check at all. Private education funding from banks is tough to get these days, but qualified borrowers can usually make it happen. Getting a loan from family or friends can be much easier IF you know the right people, and these loans often have much better interest rates than banks. The growing market for person-to-person loans is yet another option, with lending sites such as Prosper and Lending club matching individuals who need small loans with willing lenders.
AVIATION SCHOLARSHIPS & GRANTS
A huge variety of scholarship programs and private grants are available to prospective pilots. It pays to look for opportunities from a wide variety of sources. The specific criteria and requirements for scholarships and grants varies. For example, some are open only to female applicants, while others may only be for beginning students. Scholarships can vary from just a few hundred dollars to more than $10,000 depending on the school chosen and degree or professional goals declared.
Here are a few links to get you started:
Aircraft Owners and Pilots Association Flight Training Scholarship Program
Women in Aviation Scholarship
EAA Young Eagles Scholarship
Experimental Aircraft Association Scholarship
National Air Transportation Foundation Scholarship
National Business Aviation Association Scholarship
The Ninety-Nines Section and Chapter
The Ninety-Nines Amelia Earhart Memorial Scholarship & Awards
Aircraft Electronics Assosiation Scholarship
Astronaut Scholarship Foundation
Girls With Wings Scholarship
LeRoy W. Homer Jr. Scholarship
National Coalation for Aviation and Space Education (NCASE)
Organization of Black Aerospace Professionals (OBAP) Scholarship
National Gay Pilot Association (NGPA) Scholarship