It’ll take 10 minutes or less to apply!

All student applicants and co-signers (if applicable) must be US citizens or permanent residents and must be the age of consent per the state the individual resides in.

We offer four pathways to approval for our loans

1. A student with a credit score of 720 or higher may qualify for the loan.

2. A student may qualify for the loan if they have a credit score between 680 and 719 and meet an expected Debt-to-Income (current debt payments divided by current income) requirement of 45%. For this criterion, the underwriting will consider future income by estimating future earnings based on the average salary of a Certified Flight Instructor at Blue Line Aviation.

At this time, that would mean the student would need to have monthly debt payments of $930
or less. These will be verified through the credit report.

3. A student may qualify for the loan if they have a credit score between 680 and 719 and use a co-signer to meet the Debt-to-Income (current debt payments divided by current income) requirement of 45%. The co-signer will need to show adequate income that remains at or below the 45% Debt-to-Income with their existing debts and the expected loan payments on the new loan.

4. A student may qualify for the loan if they have a credit score between 620 and 679 or no credit score and use a co-signer if the co-signer has a credit score of 680 or greater and meets the Debt-to-Income (current debt payments divided by current income) requirement of 45%. The co-signer will need to show adequate income that remains at or below the 45% Debt-to-Income with their existing debts and the expected loan payments on the new loan.

Yes, it is a hard hit.

A hard hit, or a "hard pull," occurs when you apply for a new line of credit, such as a credit card or loan. It means that a creditor has requested to look at your credit file to determine how much risk you pose as a borrower. Hard inquiries show up on your credit report and can affect your credit score.

It is not required to have a co-borrower. Refer to the loan underwriting criteria for details.

No payments due until 1 year after graduation (depending on which loan product you use). 1 year after graduation, your payments for principal and interest will begin.

An origination fee of 5% is required.  (This fee can be financed into the loan)

Interest rate: 15.5% fixed for the life of the loan

Loan repayment: 20 years

Payment terms: Loan payments can be deferred for the first 12 months to allow the student to finish school and start working as a certified flight instructor (CFI).

*Terms may be subject to rules and limitations depending on students' circumstances

If you have any questions get in touch with our loan advisor at 417-827-7550.