ATP Finance Flight Training Frequently Asked Questions

Flight Training Loan FAQs

Does ATP accept financial aid, grants, or scholarships?

Financial Aid, such as Stafford Loans and Pell Grants, that can be requested through the Free Application for Federal Student Aid (FAFSA) can not be used to help cover the costs of flight training at ATP. This type of aid is meant to assist students with college coursework. ATP is not a college. Keep in mind that Stafford and Pell covers a limited portion of college coursework and Plus Loans (credit based loans from the Government) or Private Student Loans are still necessary to finance flight training through a college.

ATP has partnered with the largest provider of Private Students Loans, Sallie Mae. This lenders offers credit based loans covering 100% of the cost to attend ATP. Sallie Mae generally has more competitive interest rates than a Plus Loan and offer customized repayment options.

For those seeking scholarships, Tuition Reimbursement is being sponsored by ATP’s airline alliances.

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Do I need a cosigner to be approved for a loan?

While you’re welcome to apply as a stand alone applicant (and a cosigner may not be required), your application has a better chance of being approved if you apply with a cosigner.

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I need to explain my flight training loan to my cosigner. Where do I begin?

Be sure to review ATP’s cosigner prospectus for valuable information to discuss with potential cosigners. It outlines the benefits of flight training at ATP and the specific requirements and responsibilities for cosigners.

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Will my cosigner be obligated for the life of the loan?

Sallie Mae offers cosigner release applications after a minimum number of payments have been made. If this is of interest, you and your cosigner should be aware of the minimum requirements for the Sallie Mae cosigner release.

Additionally, Sallie Mae offers clauses that forgive your debt in the unfortunate event of death or permanent disability.

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How does ATP receive the loan funds?

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.

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When do I have to start repaying the loan?

Sallie Mae allows students to defer their loan repayment while they are in training. They also offer an additional 6 month post graduation grace period.

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

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Sallie Mae Application Guide

For information specific to the Sallie Mae application process, see our Sallie Mae Application Guide.

View Sallie Mae Application Guide »

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