California Flight Academy On-Line

FINANCING

Is financial assistance available?

Absolutely! Student loans are available from Key Bank for up to $80,000 on approved credit. Extremely favorable terms include delayed repayment plans, low interest rates, and co-borrower options allowing almost anyone to affordably qualify to learn to fly!
California Flight Academy also offers VA benefits to qualified veterans and 100% financing to military and qualified civilian borrowers. Click HERE for rates, repayment terms or an on-line application and instant approval, 24 hours a day 7 days a week. You can also call toll free 1-800-KEY-LEND.
In many cases, the interest charged on student loans is tax deductible as an education expense. Consult your tax professional on whether this applies to you.

Click Below for More Information:

Did you know you can get up to %100 financing for your pilot training?

California Flight Academy maintains a relationship with a nationwide education funding provider with over 45 years of experience.

Since these are student loans, terms are much more attractive than a line of credit or secured bank loan.

	Payment plans as low as $50 a month with no prepayment penalty.
	No payments for up to six months after graduation, take up to 20 years to repay.
	Your student loan covers the cost of all training and training materials necessary to complete the program you've selected, even if you have no intention of pursuing aviation as a career!
	Application takes five minutes on-line.
	You will receive a provisional answer within minutes and a final answer within 24 hours.
	Interest on student loans is fully tax deductible!

CLICK HERE TO APPLY ON-LINE

Frequently Asked Questions


I just want to get my Private Pilot's License for fun. Can I still get a student loan?
	YES! Student loans do not require any sort of REASON for you wanting to learn something, they just require you to learn it at an accredited school.
How does the tax deduction work?
	The interest on any student loan is tax deductible as an educational expense, however whether or not you can take advantage of it depends entirely on your particular tax situation. In most cases, if you have an income, pay taxes and already itemize deductions you can probably benefit from the educational loan deduction, making the loan essentially interest-free. Naturally, we're pilots and not tax professionals, so it's always a good idea to consult a good tax consultant before committing to anything based on tax strategy.
What if my training takes longer or I want other ratings?
	No problem. Our loan provider deals with all kinds of education loans and is very familiar with the changing needs of students. For example, lets assume you applied for a loan for $3000 and realized it's not enough to complete your training. You simply go back to application page and add to the loan, when YOU need it.
How do I know I've been approved?
	When you apply for a loan on-line you will receive a provisional answer of yes or no right on the spot. You will also be asked to print out and sign a promissory note, which you should mail to the loan company right away. Within 24 hours after you apply, we will get a message from the loan officer approving your loan. Once they receive your promissory note, they will release the funds and you can start flying! The entire process rarely takes more than a few business days.
Do they send me a check?
	No. Funding is distributed directly to us as we request it, not directly to the student. In most cases, we request disbursement in increments as your training progresses in order to save you interest charges over the entire amount.
What if I don't use all of the loan amount?
	As we said, we only request disbursement for funds actually needed for your training. If your training is complete and there are still funds available, they are simply not used and your loan is adjusted accordingly. You only pay for what you use.

So what are you waiting for? Let go flying!