Custom Education Financing Program for

Aviation Students at Sinclair College

Need Assistance?

For assistance with opening a new private education line of credit, or to request additional funds from an existing line of credit, please call:

Key Features of Our Program

  • Variable rate between 9.00% and 15.00% APR*
    • 0.25% rate discount for optional enrollment in automatic electronic payment during repayment**
  • Apply once and secure financing for your entire aviation education with unique line of credit structure
  • Full deferment of payments while in school
  • 15-year repayment period – or repay early at anytime with NO penalty
  • Optional graduated repayment which provides lower payments during the first two years of repayment
  • A loan from a not-for-profit credit union - a lender relationship you can trust
  • Maximum borrowing amounts are listed below. View borrowing limits.

Borrowing Limits

The maximum loan amount will be the certified need determined by your school, up to $60,000 for the remainder of their aviation education. The certified need is typically the Cost of Attendance (COA) less other financial assistance and aid received. IMPORTANT: Please note that the maximum co-borrower aggregate amount for borrowing (across multiple lines of credit for multiple borrowers) is $100,000.

The College will certify the requested loan amount with the credit union.



Sinclair College Aviation

Maximum Loan Limit: $60,000


Interest Rates

Variable Rate

The Annual Percentage Rate (APR) for our private education line of credit is variable1 and is based on the Prime index2 plus a margin.

The current offered rate3 is between 9.00% and 15.00% APR 

  • 0.25% rate discount for optional enrollment in automatic electronic payment during repayment4

Your Interest Rate4 is calculated by adding the Index plus a Margin5, subject to a minimum APR (Floor). The Floor rate is in effect any time the Interest Rate is below your assigned Floor rate. All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Contact us for membership details.


Rate Disclosures

  1. The Annual Percentage Rate is subject to increase after consummation. Your Interest Rate is variable and may be adjusted quarterly on each January 1, April 1, July 1 and October 1 (Adjustment Date) based on the Prime Index as published in the Wall Street Journal on the first business day of the month immediately prior to the Adjustment Date (e.g., December, March, June and September). Any increase in the Index may increase the APR and the amount of your monthly payment.

  2. The "Index" for the quarter beginning April 1, 2024, is 8.50%, which was the Prime index (Index) published in the Wall Street Journal on the first business day of March 2024

  3. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Index, Margin, Floor, and/or credit approval will depend upon the student borrower’s and co-borrower’s (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. co-borrower which may result in a better chance of approval and/or lower interest rate.

  4. The APR will not exceed 18.00%, or fall below the Floor rate regardless of the Index. Any increase in the Index may increase the APR and the amount of your monthly payment.

  5. Margin will be disclosed at account opening. 


Frequently Asked Questions

Aviation students enrolled or enrolling in Sinclair College who are:

  • U.S. citizens or permanent residents (non-resident students are NOT eligible)

  • At least the age of majority in your state of residence. Please note, in most states, you must be at least 18 years old. You must be 19 years old in Alabama. You must be 21 years old in Mississippi and Puerto Rico. If you are not the age of majority in your state you may qualify with a co-borrower who is or other unique circumstance that would allow you to qualify.

  • Continually enrolled in a degree-granting program and meeting the school’s minimum Satisfactory Academic Progress (SAP) criteria. For fall and spring terms, you must be enrolled at least half-time. For summer term, you may be enrolled less than half-time.
    (Should you drop below half-time in the fall or spring, withdraw during any term, or fail to meet SAP requirements, your funding request can be denied, your line of credit may close, and you may enter repayment)

  • Before applying, make sure to check that your school is included in our listing of approved schools

  • Able to meet Wright-Patt Credit Union's standard underwriting criteria (a cosigner may be necessary in order for you to meet credit criteria, and may also help you qualify for a lower rate)

  • Eligible for credit union membership (you may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded)

Please see the interest rates section.

  • 0.25% rate discount for optional enrollment in automatic electronic payment during repayment**

While in school, you may choose to:

  • Make interest-only payments
  • Defer both principal and interest
  • Make full principal and interest payments

Once your six (6) month grace period ends, your loan will enter repayment based on the terms outlined below. You may elect for graduated repayment at this time - lowering your monthly loan payments for the first two (2) years after starting repayment - which may be a valuable benefit if you are just beginning a new career and managing a tight budget.

The repayment term is 15 years.

Apply now and receive instant line of credit approval. Or, for questions, call 800-324-3982. Representatives are available 24 hours a day, 7 days a week to answer your questions.

For your second academic year, as a returning borrower with an existing line-of-credit, you do NOT need to complete an entirely new application to request additional funds. Simply apply for additional funds from your existing line-of-credit.


* APR = Annual Percentage Rate.
** The APR will not exceed 15.00%, or fall below the Floor rate regardless of the Index or any additional rate discount.
† Subject to credit qualification and annual credit review. Must meet school's Satisfactory Academic Progress (SAP) requirements.
‡ Approved programs subject to change