You want to train to become a helicopter pilot, but you do not have the funds. Well, just as you could finance a college education, you can finance all of your helicopter training, from the first lesson to the time which you will be employable in your first paid helicopter job. Blue Hill Helicopters has students and instructors which have been in your position, and have successfully completed their training through the use of loans such as those offered by Sallie Mae, AOPA, and Pilot Finance.

Sallie Mae

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Sallie Mae has 25 years of expertise in educational financing

  • Easy enrollment process
  • 24 Hour approval
  • High approval percentage (currently 70%-75%)
  • Rates as low as Prime + 1% (contingent on credit history)
  • Loan Terms from 1-15 Years (borrowers preference)
  • Interest Only payments available while in school

Application Information

  • State: Massachusetts
  • School: Blue Hill Helicopters
  • Contact Name: Steve Boatwright
  • Enrollment Period:
  • Begin Date: Put the earliest date that you want to start.
  • End Date: We recommend you use a shorter time frame estimate than anticipated in order to avoid delays in your training. (For the professional pilot course, we recommend a 5 month interval.)

Loan Information:

  • Total Loan Amount Requested: Include total flight course(s) estimate plus living expenses if applicable.
  • Tuition Amount: Total flight course(s) estimate as presented by a langa Air representative
  • Additional Expenses: maximum of $12,000
  • Repayment Term: maximum of 20 years
  • Repayment Option: Interest Only or Deferment. Maximum of 24 months on deferment option.
  • Anticipated Graduation Date: Must be the same or later then the End Date entered in Item 4.

School Disbursement Information

  • Disbursement: Regardless of the information you put in each of the disbursement fields, SLM calculates the disbursements based on the length of the course submitted previously. In order to avoid errors, put the entire Total Loan Amount Requested stated in Item 5 under Disbursement 1 and use the Begin Date that you stated in item 4 in the Date field.

AOPA Flight Training Loans

http://www.aopa.org/info/certified/funds.html

  • Predictable payments
  • No annual fee
  • No collateral needed
  • Renewable source of cash*
  • Credit line up to $25,000**
  • Support AOPA and general aviation

Pilot Finance

http://www.pilotfinance.com

  • AFFORDABLE. You won't have to come up with a fortune to begin training. You won't watch your credit card balance climb after each lesson. You won't have to consider dropping out because the costs are building up.
  • EASY. Pilot Finance programs are available through hundreds of Part 61 and Part 141 flight schools. New schools are being added each day.
  • FAST. The entire application and approval process takes 24 hours. Pilot Finance has streamlined each step. You just apply, sign, and fly!
  • FLEXIBLE. Pilot Finance has created a number of programs to fit your exact needs. See the examples in the PROGRAMS section of their site.
  • NO SURPRISES. Pilot Finance lets you earn the certificate or rating you want, with no financial shocks along the way. Everything is clearly spelled out up front.