How to Access Financing at Red Arrow
Helping our students fund their pilot training
Quick Comparison
Meritize
Stratus Financial
Flight Training Finance
Financing Options Comparison
Compare the different financing options available to you for flight training. Each option has unique features to suit various needs and circumstances.
| Financing Option | Eligibility Criteria | Program Coverage | Time to Complete | Co-borrower | Repayment Start | Funding Disbursement | Interest |
|---|---|---|---|---|---|---|---|
| Meritize | Individual application based on FICO score and other merits | From 0 to CFI | 18 months for 0 to CFI; 1 year if starting post-PPL | Post-acceptance; affects rate only | After finishing commercial or CFI | One-third or half of the total loan, based on financing amount | Begins immediately |
| Stratus | Can apply with a co-borrower from the start; caters to various stages of flight training | Various stages from private pilot to CFI; tailored to individual training needs | Flexible, adapts to individual training pace | From the beginning; enhances loan options | Flexible, based on individual agreement | Flexible, based on student needs and school involvement | Varies, competitive options tailored to the borrower's circumstances |
| Pilot Finance | Focus on FICO score for financing; best suited for hobbyists | Only PPL or IFR | Not specified | Not applicable | Immediately; does not defer during training; terms range from 18 to 72 months | Paid directly to school after each lesson; loan grows with each lesson | Rates vary between 12% to 18%; repayment does not defer during training |
Can You Become a Pilot?
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Becoming a pilot can seem like a daunting task, but it doesn’t have to be. Take our quick quiz to find out what kind of instruction you prefer, how you might approach flight training, and see if flight lessons with Red Arrow are for you.
What’s Next?
Schedule a call with our team to discuss your flight training goals
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Doña Ana County International Jetport (KDNA)
8063 Airport Rd
Santa Teresa, NM 88008
8063 Airport Rd
Santa Teresa, NM 88008
7:00 AM to 2:00 PM
All other times by appointment
All other times by appointment