New Ways to Take Off: Financing That Fits Your Flight Plan
Getting serious about flight training is exciting. Figuring out how to pay for it can feel like the part that slows everything down.
At Fly Legacy Aviation, we know tuition planning is an important step for students preparing for professional pilot training, whether you are beginning your path in Philadelphia, exploring flight training in Florida, or working toward your next rating. That is why we are excited to share that Fly Legacy Aviation is now live with Edly as a financing option for eligible students.
Students can now apply for financing directly through the Fly Legacy Aviation Edly application page. Edly Income-Based Repayment (IBR) student loans are designed to offer flexible repayment options, with payments based on income instead of one fixed monthly amount.
Edly is not a requirement and may not be the right fit for every student. It is one financing option available to help eligible students move forward with their training plans.
What Is Edly?
Edly provides Income-Based Repayment student loans for education and career training programs. For students pursuing aviation training, Edly can help make financing feel more manageable by offering payments that adjust based on income.
According to Edly’s approved student materials, Edly IBR loans are built around several key benefits:
- Monthly payments are based on income, not a fixed amount
- Payments can adjust if earnings change
- Lower payments are designed for early career stages
- Fast prequalification is available with no impact to credit score
- A 1% interest rate discount may be available with AutoPay enrollment
- There is no penalty for early repayment
- Loan options may be available with or without a cosigner
For aviation students, Edly’s program may offer up to $130,000 per pilot for eligible cost of attendance, subject to credit approval, program eligibility, and applicable terms.
Why Income-Based Repayment Matters for Student Pilots
Flight training is a career investment. For many future pilots, the challenge is not deciding whether aviation is worth pursuing. It is finding a financing path that supports the training timeline without creating unnecessary pressure before a career has fully started.
Traditional fixed-repayment loans usually require the same monthly payment regardless of income. Edly’s Income-Based Repayment model works differently. Payments are designed to scale with income, which may help students manage payments more comfortably early in their careers.
For students entering the aviation field, that flexibility can be valuable. Early career earnings may look different from later career earnings, and Edly’s model is built around that reality. If income changes, payments can adjust based on the borrower’s verified income.
Edly’s student materials also note that if borrowers lose their jobs or earn below $30,000 annually, they can apply for temporary hardship forbearance and avoid negative credit reporting.
How Edly Can Support Flight Training
Edly’s aviation lending program is designed for professional pilot career tracks. For eligible students, financing may be used to support training costs and help them begin or continue their aviation education.
Edly’s aviation materials describe a milestone-based funding approach, with funds released to the school at training milestones. This structure is designed to support flight training programs that move through stages such as private pilot, instrument, commercial pilot, instructor ratings, and multi-engine training.
For students, the process is intended to be straightforward:
- Apply
Students begin through the Fly Legacy Aviation Edly application page and complete the required application details.
- Prequalify
Students may receive a prequalification decision in minutes with a soft credit inquiry, which does not impact their credit score.
- Review options
Students review available loan options, including any applicable cosigner or no-cosigner options.
- Complete required steps
Students may need to sign documents, verify identity, connect income information, link a bank account, and set up a loan servicer account before funding can move forward.
- School certification
Once borrower steps are complete, Fly Legacy Aviation certifies enrollment, program information, cost of attendance, and disbursement dates through the Edly school portal.
- Funds are disbursed
After certification and required review, funds are sent directly to the school on the approved disbursement schedule.
What Students Should Have Ready Before Applying
Before starting an Edly application, it helps to gather the information you may need along the way. Edly may ask for details related to your identity, program, income, and financing request.
Students should be prepared with:
- Basic contact information
- Date of birth and identity details
- Citizenship or permanent resident status
- Permanent address
- Expected program start date
- Expected program completion date
- Desired loan amount
- Income or employment information, if requested
- Cosigner information, if applying with a cosigner
Edly’s application flow may also ask students to review disclosures, sign loan documents, verify a phone number, connect a bank account, set up AutoPay if they choose, and create an account with the loan servicer.
Who May Be Eligible?
Eligibility is determined through Edly and its lending partners. Based on Edly’s aviation lending materials, student requirements may include:
- U.S. citizenship or permanent resident status
- Being at least 18 years old
- Residency requirements
- Enrollment in a professional pilot career track
- A First or Second Class FAA Medical Certificate
- At least half-time enrollment while pursuing a career in aviation
- Program and credit approval requirements
Not every applicant will qualify, and not every program or situation will be eligible. Edly will confirm requirements, loan options, and terms through the application process.
What Makes the Application Student-Friendly?
Edly’s student materials emphasize a fast and easy application experience. Students can create an account, check eligibility, and review available options through Edly’s online platform.
One of the biggest benefits is that prequalification uses a soft credit inquiry, so students can explore options without impacting their credit score. This gives students a way to understand potential financing before making a final decision.
Students may also have access to Edly’s support team for application and loan assistance.
If a cosigner is part of the application, Edly provides application paths that allow either the student or the cosigner to begin the process. The application can then be completed by the necessary parties online.
AutoPay, Discounts, and Early Repayment
Edly’s approved copy notes that students may qualify for a 1% interest rate discount with AutoPay enrollment. Edly’s application materials also show AutoPay as an option during the setup process.
Students who choose AutoPay may also be eligible for gift card incentives after meeting Edly’s stated requirements, including successful AutoPay registration, disbursement of the loan request to the school, and completion of a first AutoPay payment.
Students are not required to pay a penalty for early repayment. If you are able to pay off your loan early, Edly’s approved copy states that there is no penalty for doing so.
How Fly Legacy Aviation Supports the Process
Fly Legacy Aviation’s role is to help students understand their program options, estimated costs, and training path so they can make informed financing decisions.
Once a student completes the necessary Edly application steps, Fly Legacy Aviation may be asked to certify details such as:
- Enrollment
- Program information
- Cost of attendance
- Disbursement dates
This certification step helps confirm that the requested financing aligns with the student’s training plan.
Students should always review their loan terms carefully and ask questions before accepting any financing option.
Is Edly Right for You?
Edly may be worth exploring if you are preparing for a professional pilot training path and want a financing option with income-based repayment features.
It may be a good option to review if you are looking for:
- A fast prequalification process
- No credit score impact for prequalification
- Payments designed to adjust with income
- Cosigner and no-cosigner loan options
- A financing path built for career training
- Tuition paid directly to the school
- No penalty for early repayment
As with any financing decision, it is important to compare your options, understand your obligations, and confirm that the loan terms fit your long-term goals.
Ready to Explore Edly Financing?
If you are interested in using Edly to help finance your training with Fly Legacy Aviation, start by applying through the Fly Legacy Aviation Edly application page.
You can also contact the Fly Legacy Aviation admissions team before applying to discuss your program options, training timeline, and estimated costs. That way, you can enter the application process with a clearer understanding of how much financing you may need.
Edly Income-Based Repayment (IBR) loans are financed by Transportation Alliance Bank dba TAB Bank, which determines qualifications and terms of credit. All loans are subject to credit approval and program eligibility. Terms, rates, and conditions are subject to change.
Start Your Flight Training Journey With Confidence
If you are ready to move from dreaming about aviation to logging real hours in the cockpit, our team at Fly Legacy Aviation is here to guide you. Explore our flight training in Florida to see how our structured programs and experienced instructors can help you reach your goals. We will walk you through each step, from admissions and financing questions to your first solo. Have questions or want to discuss your path with an instructor, just contact us today.
