ATP Finance Flight Training - Cosigner Information

ATP Flight School A Prospectus for Flight Training Loan Cosigners

Introduction to ATP

ATP has trained professional pilots since 1984—over 35 years. Today ATP’s management consists of pilots who have flown for major airlines including American Airlines, FedEx, and previously TWA. ATP’s program development team includes active major and regional airline pilots who fly for United Express®, Delta Connection, Southwest and Jet Blue.

ATP owns a fleet of 425 aircraft, including 90 multi-engine aircraft and 118 simulators, 5 of which are CRJ-200 Regional Jet simulators. ATP has 59 training centers across the U.S., emphasizing multi-engine, cross-country, crew-concept experience. In addition, ATP’s success over the past 35 years has enabled the company to own–not lease–all of its aircraft and its largest flight training facilities.

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Life as an ATP Flight School Student

When it comes to resources, experience, and stability, ATP is unmatched by any other flight school, college, or academy.

Growing Demand for Professional Pilots

In its 2020 Aerospace Forecast, the FAA cites the Airline Pilot shortage as an ongoing issue for regional airlines. Those knowledgeable about the airline industry recognize that at least three factors are contributing to the current pilot shortage:

  • Mandatory Retirements for Pilots Reaching Age 65
  • Fewer Military Pilots Entering Civilian Workforce as Airline Pilots
  • Increasing Qualifications for Airline Pilots due to the "1500 Hour Rule"
Yearly Retirements at Major Airlines
Yearly Retirements at Major Airlines

Kit Darby: COVID-19 & the Airline Industry Recovery »

Airline Pilot Job Forecast

Now is the Time to Become a Pilot: Pilot Hiring News and COVID-19 Update

Boeing Forecast

Trusted by more than 100 aviation regulatory agencies worldwide, the current Boeing Pilot & Technician Outlook concludes that the aviation industry will need to supply more than 763,000 commercial airline pilots worldwide over the next 20 years. Boeing's Current Market Outlook reports that the global commercial jet fleet is projected to double in size by 2039. To meet demand, Boeing forecasts deliveries of over 44,000 new commercial aircraft in the coming years.

Airbus Forecast

Airbus, international manufacturer of passenger aircraft ranging in size from 100-seat jetliners to the 850 passenger double-deck A380, states in their Global Market Forecast that airline traffic is forecast to double in size in the next 15 years. Airbus believes the small commercial aircraft segment, like the new A220, will represent 76% of the deliveries. Airbus notes that commercial aviation has been resilient to external shocks with traffic more than doubling in size since 2000.

Embraer Forecast

Embraer is one of the world’s leading aircraft manufacturers. It has produced more than 5,000 aircraft and is the market leader for commercial jets with up to 150 seats. Embraer’s Market Outlook projects 10,550 new jet deliveries, with up to 150 seats, over the next 20 years. Embraer foresees worldwide demand for air transport increasing an average of 4.4% annually through 2038.

Success of ATP Graduates

Traveling around the world, getting to know dozens of different cities, flying a jet at mach .80, and accomplishing a new mission with every flight induces a romance unattainable in other professions.

In order to help our graduates succeed, ATP has formed regional airline hiring alliances that allow us to get our graduates hired faster than those applicants coming to the airlines “off the street” or from other flight schools. Also, by utilizing our Regional Jet simulators (FTDs), ATP pilots are extremely well prepared for both their interviews and initial training at a regional airline.

Starting at the regional airline level, pilots can earn over $80,000. Keep in mind that the airline pilot workforce is unionized and pay determined by union-negotiated contracts and seniority. With union protections and a strict seniority system, job security at the established regional and major airlines is excellent, with guaranteed career and earnings advancement. Forbes recently reported that airline pilots in the US can make as much as $300,000 per year and on top of that have retirement accounts paying out well over $1 million. Pilots willing to accept bases in Asia are cited as making as much as $400,000 per year.

Finally, professional pilots have FAA certificates and credentials that allow many other employment options in corporate aviation. For additional information on airline pilot pay and the regional airline industry, see ATP’s Airline Partners.

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Airline Sponsored Tuition Reimbursement

Envoy Air
Horizon Air
GoJet Airlines
Piedmont Airlines
Silver Airways
Republic Airways

With the pilot shortage upon us, airlines have selected ATP as a preferred training provider and now offer a solution to loan repayment responsibility by providing financial assistance to aspiring commercial pilots through ATP's Tuition Reimbursement Program. In this innovative program, exclusively for Airline Career Pilot Program graduates, participating airlines offer tuition reimbursement.

ATP's partnership with Envoy Air offers pilots the opportunity to become an Envoy employee while they are instructing ATP. This makes them eligible to receive health and travel benefits, as well as $18,000 in total financial assistance from the airline. Through this partnership, Airline Career Pilot Program graduates have the fastest path to a career at American Airlines; from zero experience to Envoy in about two years, then flow-through to American in just over 5 years where compensation will exceed $300,000 per year.

ATP students have access to numerous loan options for full financing of airline career program flight training and this program now allows for a substantial portion of that loan payment to be subsidized by the pilot’s future airline employer.

This uniquely structured program not only promotes the airline pilot career by making it more financially obtainable, but provides the student with a fast track airline career solution from zero experience to airline pilot job in about two years – proven by thousands of ATP graduates now flying for regional and major airlines.

Building Qualifications

Graduates of ATP's Airline Career Pilot Program are among the most competitive, earning their flight instructor certificate with single-engine, instrument, and multi-engine ratings. This higher level of qualifications opens up more opportunity and allows graduates to start working as a flight instructor to gain the experience and flight time required by airlines.

Between 300-500 hours of total time, ATP flight instructors have the opportunity to interview with their airline and start earning tuition reimbursement. If they accept the airline's offer, the airline will begin making a financial contribution towards the instructor's loan payment, and the instructor will commit to fly for that airline.

Charter Pilot Jobs (Part 135)

ATP graduates don’t need as many hours of experience to fly with an FAA Part 135 Carrier compared to the 1500 hours required by the Regional Airlines. Many Part 135 Carriers such as Cape Air will hire a new pilot with as little as 500 hours of experience if they have trained with ATP.

Flight instructing for 15-18 months to meet the new standards that Regional Airlines have to operate under does not fit everyone's timetable, making Part 135 pilot jobs an excellent alternative.

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Financial Considerations

As a potential cosigner, there are three important facts you should know about ATP’s payment structure:

  1. ATP receives payments incrementally throughout the program.
  2. ATP quotes a fixed price.
  3. Refunds are issued in 15 days or less.

ATP’s multi-disbursement payment structure allows us to determine a student’s ability to be successful in this career early in the program, prior to spending the entire amount of tuition. Unlike other flight training academies, ATP’s program is structured so that ATP is motivated to quickly discontinue those who are unlikely to excel at ATP’s pace. With a fixed-cost pricing structure, ATP does not benefit from having to provide more and more training at an hourly rate—a common tactic found elsewhere.

Loan Details

Students who apply with cosigners generally receive lower interest rates and can finance a larger portion of tuition costs. Essentially, as a cosigner, you agree to pay the student’s loan payments if he or she for some reason does not. Usually a family member or friend will sponsor a student’s airline pilot career financing. Having a cosigner qualifies the student for the following benefits:

  • Higher loan amount–up to full tuition.
  • Lower interest rate.
  • Establishment of good credit history for the student.

You can gain the maximum benefit of having a cosigner on the loan when the cosigner has a 640+ credit score. Applying with a cosigner reduces risk for the lender, therefore these applicants are eligible for rates as low as 1.25%.

Sallie Mae has flexible repayment options after the traditional 6 month post-school grace period has been exhausted. Sallie Mae offers Graduated Repayment, which allows for 12 months of interest-only payments before the loan enters full repayment. This repayment plan gives ATP's graduates the ability to earn a salary as an airline pilot (and in many cases secure a signing bonus) before making full payments.

Most lenders offer a cosigner release option. After making as few as 12 consecutive on-time principal and interest payments, the borrower may request that the lender remove the cosigner from the loan entirely as long as the borrower has sufficient credit individually. After achieving a regional airline pilot job, it may be possible to refinance the loan at a lower rate and without a cosigner. Citizens Bank will work with ATP Graduates to refinance their loans.

If a student discontinues training with ATP, the refund will be issued directly back to the lender, not the student. This minimizes interest expense and protects the cosigner. A student may choose to discontinue the program at any time, for any reason.

Additional Benefits for the Cosigner

As a friend or relative of an airline employee, you can often take advantage of airline-employee friend/family benefits, including:

  • Free and/or discounted airline travel, including First Class
  • Vacation discounts
  • Auto-rental discounts
  • Hotel discounts

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Next Steps

Seniority is everything. Pilots who train with ATP gain an advantage meeting hiring minimums, and effectively gain two years’ seniority over their peers who train elsewhere.

Not only is the career outlook bright, but ATP offers the best choice in flight schools. Nowhere else will you find better aircraft, a more cost and time-efficient program, or a team of professionals more dedicated to training the best professional pilot applicants.

Only ATP gives you this level of confidence in your flight training investment.

Students and their cosigner should apply together on-line at

How to Apply »

For Additional Information Please contact:

Kirk Clews
Student Finance Coordinator

ATP Flight School
[email protected]