With the unique structure of our line of credit, you can borrow up to the full cost of the remainder of your training. You will not need to reapply (assuming there are no significant changes to the borrower or co-borrower credit scores). Simply request additional funds (called a "draw") for the amount you wish to have disbursed to your school (based on your school's certified amount - read more below).
Funds are disbursed to your school based on the school's disbursement cycle. You will request the specific draw amount from your line of credit as needed.
The maximum loan amount will be the certified need determined by your training organization, up to $126,000. IMPORTANT: Please note that the maximum co-borrower aggregate amount for borrowing (across multiple lines of credit for multiple borrowers) is $126,000.
No, This product is not designed to refinance an existing flight school loan. We recognize this is a need for our members that have previously completed training and obtained their commercial pilots license and we're hard at work on another solution for that purpose.
The Credit Union may also have other options available to assist with existing debt, please contact one of our Cadet Advocates to discuss your specific financial needs.
No. This line of credit does not have origination or other application fees. In addition, there are no prepayment fees.*
*See rates page for additional information, repayment examples, and important disclosures.
When you first complete the application, your line of credit amount will prefill. This amount is based on your program's cost of attendance. You will need to select a loan amount (initial draw), which is the amount you personally need to borrow. You will be able to request additional funds from your line of credit (called a "draw"), up to your line of credit amount. Please note that draws can never exceed your training organization's cost of attendance for the specified program.
Some borrowers have additional funds they will contribute out of pocket. For example, your program may certify $10,000, but you only need to borrow $5,000 because you have other funds (such as savings) to pay the remaining cost.
Yes. You must be accepted in a flight training program to be eligible.
In order to fund the loan, the borrower and co-borrower (if applicable) must be a member of the credit union prior to applying.
We partner with the credit bureaus to provide a secure form of identity verification. By validating your identity through this process, we can forego extra identity verification in many cases.
A borrower is not required to apply with a co-borrower. However, applying with a credit worthy co-borrower may improve a borrower's chance of meeting the credit union's approval criteria and potentially qualify for the line of credit at a lower interest rate.
A co-borrower release option is available to credit worthy borrowers who make 48 consecutive on-time payments during the principal and interest repayment period, and meet additional requirements (such as salary and debt-to-income ratio). You must apply and be approved for this option after the 48 month period. Other terms and conditions may apply, and option may be revoked or modified without notice.
No. Loan funds are disbursed directly to your training organization.
Each program processes refunds in excess of their costs differently. If you requested funding to cover miscellaneous expenses, please check with your training organization to find out their specific procedure for refund issuance.
Though you requested a particular loan amount, your training origanization might have certified your loan for a lesser amount. The process of certification allows your program to have control over your loan amount and when the loan funds (disbursement date).
Depending on the timing of your request, we may be able to accommodate your request. Please call our call center at 844-649-2857 to discuss your options. When necessary, we may have you contact the training organization.
Please allow 15-40 business days from the time you submit your completed loan documents. Though your loan may be processed, the training organization has to "certify" your loan which involves confirming disbursement dates and loan amount for your loan.
Please let your program contact know that you have been approved for a loan. If the training organization requires proof that you are approved for the loan, ask them which documents they require for proof that the loan is in process. If necessary, ask them how they manage late fees and if they can be waived.
You may submit documents by secure upload, fax or mail.
- Upload: You can safely and securely upload images of your loan documents directly to Loan Processing by logging into your existing application.
- Mail:
American Airlines Federal Credit Union
c/o CampusDoor Holdings
210 York Street, Suite 200
York, PA 17403
- Fax: (717) 241-3188
If you need further assistance in submitting your documents, please email us at studentchoicehelp@cd.studentchoice.org
or call the credit union at 844-649-2857.
Email is not a secure method of transmission and we do NOT support emailing as an option. However, you may securely upload your documents by clicking the "Upload Loan Documentation" link within the application.
University Accounting Service (UAS) will service your loan. Once your loan has been disbursed or entered repayment, you may contact UAS with questions at 877-530-9782.
Please log in to your account. You may also contact UAS at 877-530-9782.
Please log in to your account or contact UAS at 877-530-9782 to set up automatic debit for your student loan payments.
You may defer required payments until 27 months (Grace Period) after completing your flight school training (Instructional Period). Any payments made during the Instructional Period will go towards principal only. Payments made during the 27 month grace period will go first towards any fees, then to accrued interest, then to principal.
Contact our Cadet Financial Advocate team for additional information or questions.
To change your repayment option, please contact UAS directly at 877-530-9782 to discuss your options.
The repayment term is 20 years if your principal balance at repayment is $40,000 or less, and 25 years if your principal balance at repayment is more than $40,000.
Full repayment begins at the end of the grace period, unless full repayment is requested and granted prior to the end of the grace period.
Please log in to your account to view your payments or contact UAS at 877-530-9782.
You will be assessed a late fee if your payment is not made on time. Please log in to your account or contact UAS at 877-530-9782 to make a payment.
Graduated Repayment is repayment of principal and interest using an extended amortization period intended to lower the monthly payment amount, after which payments are higher and based on the remainder of original term.
Payments are due in accordance with your repayment schedule. If you are unable to make a scheduled payment, you must contact the loan servicer (UAS) at 877-530-9782 before the payment due date to determine if alternate arrangements can be made.
No. You can pay off your loan at any time, even if you're still in training.
Depending on the interest you paid over the prior year, your document will be mailed by the loan servicer. You may also access these documents by logging into your account or contact UAS at 877-530-9782.