Financing Options
Financing options include, but are not limited to…
Disclaimer: Illinois Aviation Academy is not a lender and does not control financing terms, conditions, or availability. Any financing is offered solely by independent lenders, and all financing information or promotional statements are provided directly by those lenders. Students are responsible for reviewing loan terms and comparing options before borrowing. Financing does not guarantee enrollment or employment.
Take flight with the Sallie Mae® Airline Career Loan
Get the money you need to complete your pilot training at a qualifying professional-based program.
¹Although Sallie Mae does not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note — first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
²The borrower or cosigner must enroll in auto debit through Sallie Mae to receive a 0.25 percentage point interest rate reduction benefit. This benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment.
As a KCT member you have access to:
- Free checking with no minimum balance requirements¹
- Customized loans that fit your budget and needs including Auto, Title, Mortgages, Home Equity, and more
- Student Loan Refinancing and Graduate Loans
- .25% discount available on Consumer and Promotional Loans²
- Free personalized debt review and financial counseling
- KCT Visa Signature® Cash Back card with unlimited 1.5% cash back on purchases* and no annual fee³
- Over 5,000 credit union branches and over 75,000 surcharge-free ATMs nationwide through the CO-OP Shared Branch Network
- KCT Online and KCT Mobile
– 24/7 account access, manage accounts with ease
• Check your credit score
• Make internal or external transfers - KCT Digital Card App
– Receive notifications when using your KCT Cards
– Suspend your card if it’s lost or stolen
¹Membership requires opening a savings account ($5 opening deposit) and checking account ($25 opening deposit). To qualify for the $5 deposit, you must
open a checking account with a Visa debit card. This promotion is eligible to members 18 years and older.
²Members can receive a 0.25% discount on an approved loan by setting up automatic loan payments at the time of booking. Rate discounts are applied prior
to loan disbursement and cannot be applied retroactively. Offer subject to change.
³For complete details and benefits, visit Signature.kctcu.org
*For eligible purchases and complete purchase details, visit kctcu.org/cashbackterms
- Affordable – With a $250 down payment and monthly payments as low as $200-$300 you can realize your dream of training to become a pilot.
- Flexible – We have Repayment terms ranging from 18 – 72 months depending on number of lessons per week.
- Simple – We have a simple application process that only takes minutes to complete.
Quick & Easy, Affordable, Flexible
Put your loan to work right now and get on your way as a better trained, more proficient pilot.
Rates & Terms
- Rates start at 12.49% and go up to 14.49% APR
- Minimum credit score of 660
- Payments are $25 for every $1000 in outstanding balance
- There is no loan deferment at this time
- Credit approval and interest rates are dependent upon the credit history, income and obligations of the applicant and co-borrower, if any
- Total unsecured debt cannot exceed 30% of annual income
- Maximum DTI of 50%
A few reasons why Lendvious is a great option for students include:
- Loans up to $100,000
- Rates Start At 5.99%
- 24-60 Month Terms
- Zero Pre-Payment Penalties
A few reasons why SoFi is a great option for students include:
- Low monthly payments
- Direct Pay
- See rates in 60 seconds