Flight School Financing/Student Loans

Am I eligible for the Sallie Mae Career Training Smart Option Student Loan?

Many Epic Flight Academy students apply for and receive student loans from Sallie Mae. Below is a list of all those eligible to apply:

  • U.S. Citizens and Permanent Resident Aliens are eligible.
  • Resident Alien with required U.S. Citizenship and Immigration Service (USCIS) documentation.
  • Non-U.S. citizen students (including DACA students) who reside in and attend school in the U.S., are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity.
  • Students must meet current credit and other eligibility criteria.
  • Students attending school full-time, half-time, or less than half-time, or taking prerequisite classes. Students attending summer classes or continuing education classes.
  • Students who still need funds after maximizing grants, scholarships, and federal student loans.
  • Students taking courses that do not qualify for federal student loans.
  • Students attending summer classes or continuing education classes.
  • Students who still need funds after maximizing grants, scholarships, and federal student loans.
  • Students taking courses that do not qualify for federal student loans.

How do I apply?

Applying is easy! Students (or co-signers) can apply online. This takes approximately 15 minutes. After credit approval, you will be presented with your estimated monthly payment amounts, interest rates, and the total number of payments to help select your repayment option. Follow these steps to apply now:

  • Step 1: Complete the application online.
  • Step 2: Under “Loan Needs,” select whether you are a student, co-signer, parent or sponsor.
  • Step 3: For “Type of Program,” select “Career training school.”
  • Step 4: Select “Florida” for the state.
  • Step 5: Type in “Epic Flight Academy,” which will automatically pull it up for you. Click on that.
  • Step 6: Provide requested information, and we look forward to seeing you soon at Epic!

What is Epic’s administrative code for Sallie Mae?

Epic’s administrative code is 606701-00. Always use this number when contacting Sallie Mae.

What are the loan limits?

There is a minimum of $1,000. The maximum is the school-certified cost of attendance, less other financial aid received – no aggregate loan limit. (Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount.)

Looking for additional information?

Check out our most frequently asked questions, and Sallie Mae has provided additional information that can be downloaded as a PDF:

Contact information:

Students can call 800-4-SALLIE (800-472-5543) 1-800-472-5543
Website: Sallie Mae Career Training Smart Option

Wells Fargo

A Wells Fargo Collegiate® student loan may help you pay for the costs associated with your professional and commercial flight training program.(1) Eligible students may receive:

• No payments until you graduate or leave school (2)

No application, origination, or early repayment fees

• Competitive fixed or variable interest rate options

Funds up to the cost of education minus other financial aid (3)

A quick and easy application process

•Wells Fargo’s best-in-class service from initial application through the last payment

A cosigner may help you qualify for a private student loan and potentially get a lower interest rate but is not required to apply.

Borrowers may request an aviation internship forbearance that would temporarily postpone monthly payments while completing their flight training hours (4). Individuals qualifying for the aviation internship forbearance are able to postpone monthly payments up to 24 months after completing school.

When it comes to financing your education, be sure to look at all of your options – including grants, scholarships, and loans from all sources – and make careful comparisons among all your choices. If you determine that a private student loan is right for you, we can provide loans to help meet the needs of nearly every student.

For more information you can call 1-877-451-5039 or visit wellsfargo.com/student/collegiate-loans/

1. Wells Fargo private student loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information and, if applicable, a self-certification form, the school’s certification of loan amount, and the student’s enrollment at a Wells Fargo-participating school.

2. Students are not required to make payments while in school; repayment begins 6 months after you graduate or leave school. The maximum in-school period is 7 years after the date of first disbursement. Interest accrues during any deferment periods, including the in-school period, and is capitalized to the loan upon entering repayment.

3. Loan amount is dependent on the loan product, other financial aid, creditworthiness, and other factors. Aggregate and annual loan limits apply. The cost of attendance is determined and certified by the educational institution.

4. Interest continues to accrue during any forbearance period and will be capitalized to the account upon entering repayment.

Are there other loan sources to pursue training for a career as an airline pilot?

Option 3: Fort Morgan State Bank Loan

  • Loan will only cover 80% of total cost of education
  • 20 year repayment term
  • Aggregate limit of $100,000
  • Click here to apply or call 1-800-592-1270.

Option 4: Alaska Supplemental Education Loan (ASEL)

Option 5: Alaska Family Education Loan (FEL)

  • Must be an Alaska resident
  • Loan limit of $10,000 per year
  • Aggregate limit of $56,000
  • Repayment term: 10 years
  • Students/Family members click here to apply or call 1-800-441-2962

Option 6: Kentucky Advantage Education Loan

  • Kentucky residents attending out-of-state schools
  • Borrow up to total cost of education
  • 15 year repayment
  • Students/Parents click here to apply or call 1-800-988-6333

Option 7: New Jersey Class Loan

  • NJ residents attending out-of-state schools
  • Borrow up to total cost of education
  • Repayment terms 10,15, or 20 years
  • Click here to apply or call 1-800-792-8670

Option 8: American Airlines Credit Education Loan

  • Must be an eligible member of American Airlines Credit Union
  • Can borrow up to $40,000
  • Repayment up to 10 years, payments begin as soon as funds are disbursed www.aacreditunion.org
  • Call 1-800-533-0035

Option 9: AOPA Aviation Finance Company

  • Maximum loan amount: $100,000
  • 7 year maximum to repay, payments begin as soon as funds are disbursed
  • Inquire online or by calling 1-800-627-5263

Option 10: We Florida Financial (WeFly)

  • Must be Florida resident or a member with AOPA
  • Can borrow up to $30,000
  • 6-year repayment term
  • Inquire online or by calling 954-745-2400

Option 11: Veterans Educational Benefits

  • Veterans who are unsure of their eligibility or have questions about their G.I. Bill entitlement should contact the U.S. Department of Veterans Affairs (1-888-GIBILL1). Eligible students enrolled in flight training at Epic Flight Academy must maintain satisfactory academic progress in the program in which they enroll to continue receiving VA education benefits.
  • Flight training is available to eligible veterans and reservists under Chapters 30, 32 and 33, Title 38 USC, Chapter 1606 and Title 10 USC. Only training at flight schools approved under Part 141 are eligible for benefits. Students must hold an unrestricted “Private Pilot Certificate” and at least Class II medical certificate privileges to be eligible for benefits. You must prove Class II privileges prior to the start of each course. Benefits are payable for dual flight, ground school training, and pre/post flight briefings. Benefits are paid monthly following submission by the school of a “monthly certification of training.”
  • Applicants for Education Benefits (22-1990) and Request of Change of Program of Place of Training (22-5495) should be sent to: VA Regional Office, P.O. Box 888, Muskogee, OK 74402-888.

Are there any flight school student loan options for international students?

Yes. International flight students may also qualify for student loans or other types of financing.

Are there scholarships available for flight school?

There are numerous organizations that offer scholarships to student pilots.