Flexible Loan Repayment Options
ATP's lenders offer flexible repayment options customized to assist flight school students with the transition from flight training, to flight instructor to airline pilot.
No payments required. You can pay as little or as much as you want during flight training. Sallie Mae offers interest rate discounts with a commitment to make a small payment of just $25 / month. Keeping in mind that interest will accrue as funds are disbursed to ATP, you also have the option to make interest-only payments. If it's your preference not to make any payments during training, both Sallie Mae and Wells Fargo have a full-deferment selection available.
Six month grace period (no payments required). Upon completing flight training with ATP, you will continue with the repayment option you selected while in-school (full-deferment, $25 /mo, or interest-only) for 6 months. This gives you the ability to begin saving money for 6 months with your paid Guaranteed Flight Instructor job at ATP.
Internship forbearance (no payments required) or graduated repayment (interest-only payments). After the 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. Wells Fargo offers up to 24 months of Internship Forbearance (no payments required) while flight instructors are building to 1500 hours of total time required to be hired by the airlines. These repayment plans give ATP's graduates the ability to earn a salary as an airline pilot and secure a large signing bonus before making full payments.
If you’d like to start repaying your loan after the grace period and avoid accruing more interest, ATP has partnered with 12 airlines to assist in making your monthly loan payments through tuition reimbursement. With an early commitment to work for a participating airline, you’ll receive $11,000 in loan payment assistance while flight instructing for ATP and during your first year of airline pilot employment.
Principal and interest payments begin.