BASICS ABOUT FUNDING YOUR TRAINING
If you are in a financial position to self fund your flight training then you are in great shape and may not need loans, grants and scholarships. But if you do need some financial assistance then the information below is designed to help you. Be aware our rates may change between self funded and financed students, depending upon the terms of the flight school agreement with the funding source. THEREFORE, ALL RATES FOUND ON THE TRAINING PAGE AND RENTAL FLEET PAGE APPLY TO FINANCED TRAINING UNLESS INDICATED OTHERWISE BELOW. Some specifics are as follows:
STRATUS FINANCIAL: Stratus typically funds your training by paying OFC installments in advance. The schedule of loan installment payments made in advance by Stratus Financial are set by them, not by OFC. As such, the installment payment schedule found on the Training page does not apply to Stratus financed students. Also, we cannot discount the accelerated programs for Stratus funding. In order to receive funding installments Stratus requires that we provide to them proof of the student's progress and milestones to authorize continued loan disbursements. This requires that OFC incur administrative duties and expenses in order to receive further funds for student training. As such, we impose a one time processing and administrative expense fee of $100 for this service. This is paid before training begins directly from the student to OFC. It is not part of the loan from Stratus Financial. IN SUMMARY:
1......STUDENT WILL PAY THE $100 PROCESSING & ADMINISTRATIVE EXPENSE FEE DIRECTLY TO OFC PRIOR TO THE START OF TRAINING
2......REFER TO THE STRATUS LOAN AGREEMENT FOR INSTALLMENT INTERVALS
3......THE ZERO TO PROFESSIONAL PILOT (Zero to Hero) RATES FOR STRATUS FUNDING ARE THE STANDARD NEW JERSEY AND FLORIDA FEES LISTED ON THE TRAINING PAGE, AS FOLLOWS:
ZERO TO HERO NJ........$87,350
ZERO TO HERO FL........$80,550
Attention: If you are seeking Zero to Hero Stratus financing use these minimum amounts when applying for your loan. Remember these rates do not include cost of medical; knowledge test fees; checkride examiner fees; materials, equipment and supplies for training; and extra training fees as necessary; so plan accordingly to have the funds you need.
FLIGHT TRAINING FINANCE: Flight Training Finance typically funds your training by paying OFC upon receipt of a training record. That requires we incur significant administrative duties and expenses in order to submit payment requests for training events after each training event has occurred. This is also contrary to our usual policy of payment at time services are rendered. As such, we impose a one time processing and administrative expense fee of $500 for this service. This is paid before training begins directly from the student to OFC. It is not part of the loan from Flight Training Finance. Flight Training Finance also requires a $250 down payment be paid directly to OFC. This is a FTF requirement, not an OFC requirement. IN SUMMARY:
1.......STUDENT WILL PAY THE $500 PROCESSING & ADMINISTRATIVE EXPENSE FEE DIRECTLY TO OFC PRIOR TO THE START OF TRAINING
2......STUDENT WILL PAY THE $250 FTF REQUIRED DOWN PAYMENT DIRECTLY TO OFC PRIOR TO THE START OF TRAINING
3.......ALL TRAINING EVENT INVOICE RECORDS WILL BE PROMPTLY SIGNED BY STUDENT FOR TRANSMITTAL BY OFC TO FLIGHT TRAINING FINANCE FOR PAYMENT
Attention: If you are seeking Flight Training Finance financing for your certificate or rating use the amounts on the training page when applying for your loan. Remember those rates do not include cost of medical; knowledge test fees; checkride examiner fees; materials, equipment and supplies for training; and extra training fees as necessary; so plan accordingly to have the funds you need.
WITH THE ABOVE GENERAL INFORMATION TO GUIDE YOU, BELOW IS THE LENDING COMPANY SPECIFIC INFO AND A LINK TO THE LOA APPLICATIONS. ANY QUESTIONS JUST CALL GEOFF AT OFC OR CALL THE LENDER
LOANS FROM STRATUS FINANCIAL........
Some general guidelines and policies from Stratus Financial:
>>> Zero to Professional Pilot loans available
>>> Loans also may be available for those seeking individual certificates and ratings, not just for Zero to Hero
>>> No minimum loan amount in New Jersey
>>> $25,000 minimum loan amount in Florida
>>> U.S Citizen or Permanent Resident (if co-borrower is U.S. Citizen student must receive TSA approval to qualify)
>>> 1st or 2nd Class Medical required for professional pilot programs
>>> Subject to credit check
>>> Subject to employment verification
>>> Co-Borrower recommended
>>> Funds paid directly to OFC to limit the time waiting for your funds to be available
>>> Must complete training program within 36 months
>>> Unused funds refunded to Stratus Financial
>>> Possible to defer loan repayments until training is completed
>>> No prepayment penalties
>>> Only accept applications online thru the link found below
>>> Stratus will ask OFC to confirm your enrollment in our school so contact us prior to applying at Stratus
>>> Please refer to the Stratus website at stratus.finance for the most accurate and current info
CLICK ON THE LINK BELOW FOR SOME ADDITIONAL STRATUS INFO.......
CLICK ON THE LINK BELOW FOR AN EXPLANATION OF THE LOAN PROCESS AT A GLANCE.......
CLICK ON THE LINK BELOW TO SUBMIT A LOAN APPLICATION TO STRATUS FINANCIAL.......
LOANS FROM FLIGHT TRAINING FINANCE........
Some general guidelines and policies from Flight Training Finance:
>>>Individual certificates and rating loans available for Private, Instrument, Commercial
>>>Loans may also be available for Zero to Hero students
>>>Available in Florida and New Jersey
>>>Usually not available for training involving low amount of hours
>>>First $250 of financed loan amount paid by student directly to OFC
>>>Subject to credit check
>>>Subject to employment verification
>>>Funds paid directly to OFC to limit the time waiting for your funds to be available
>>>Student will sign training record for transmittal to FTF for payment
>>>No prepayment penalties
>>>Apply thru the link below or call 800-667-0201
>>>Please refer to the FTF website at flighttrainingfinancellc.com for the most accurate and current info
CLICK ON THE LINK BELOW TO SUBMIT A LOAN APPLICATION TO FLIGHT TRAINING FINANCE.......
SCHOLARSHIPS AND GRANTS........
This is a non exhaustive list of 15 scholarship and / or grant offerings we are aware of; but their may be more out there beyond the ones we know of so happy searching: If any of these look good, just click on the link to the websites and explore any financial offerings that may be of help to you.
WOMEN IN AVIATION INTERNATIONAL wai.org
CLOUD DANCER clouddancerscholarship.org
CIVIL AIR PATROL gocivilairpatrol.com
LATINO PILOTS ASSOCIATION hsf.net
THE LINDBERGH FOUNDATION lindberghfoundation.org
SISTER OF THE SKIES sistersoftheskies.org
Have you uncovered a source for flight school funding not listed here; whether it be loan, scholarship, grant, or whatever? If so, please let us know so we can share the information with other students that need financial assistance. LACK OF FUNDS FOR FLIGHT TRAINING IS ONE OF THE BIGGEST ROADBLOCKS TO STUDENTS PURSUING THEIR DREAM; OFC WANTS TO KNOCK OVER THAT ROADBLOCK.
OFC wishes you the best of luck in your quest for funding
Airport Bases in NJ & FL:
Blairstown Airport (1N7)
36 Lambert Rd.
Blairstown, NJ 07825
Wimauma Air Park (FD77)
6505 CR 674
Wimauma, FL 33598
140 Kerrs Corner Rd.
Blairstown, NJ 07825
ORLANDI FLIGHT CENTER wants to help you find the necessary financing to pursue your aviation aspirations. If you are not in a position to self fund your flight training then this page may help you find some avenues of financing that will remove money as a roadblock between you and your personal or career piloting goals. We encourage you to BE PROACTIVE AND SEEK FUNDING from all appropriate sources as soon as possible to avoid delays in beginning or continuing your training.
We are happy to be partnering with STRATUS FINANCIAL and FLIGHT TRAINING FINANCE as our lending sources. Info on them is below. We also keep a list of known SCHOLARSHIPS and GRANT opportunities for you to explore. Good luck!
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