19-Jun-2014 Source: Upper Limit Aviation
Upper Limit Aviation (ULA), one of the nation’s leading helicopter and fixed wing aircraft flight training programs announced today a partnership with Lending Resources LLC, to offer ULA students private student loan products to finance their professional aviation training and education.
Designed to supplement other student sources of capital, the partnership with Lending Resources LLC allows select ULA aviation students the ability to cover 100 percent of their total education expenses.
“We believe ULA is the only flight school in the United States to now offer lending packages that cover 100% of the costs for would-be fixed wing and helicopter pilots – no one even comes close to offering these kind of lending options,” said Sean Reid, President of Upper Limit Aviation.
“We’re also proud the loan package is reasonably affordable with debt service that shouldn’t get ahead of a graduate’s ability to pay back our lenders when they enter the workforce,” Reid went on to say.
The variable rate loan is competitive and fully deferred while the student is enrolled on a full time basis, and includes a grace period of 12 months following graduation before repayment begins. No current income requirements apply and students may prepay their loans at any time without penalty. Loan applicants receive clearly presented disclosures explaining Lending Resource LLC repayment terms and estimating total costs so that they can make informed borrowing decisions affecting their financial future.
ULA has flight schools located in class Bravo (B) airspace; one at the Salt Lake International Airport and the other located at Memphis International Airport. The other ULA flight school locations are with Cedar City Regional Airport, and St George Municipal Airport.
Upper Limit Aviation trains in Robinson, Bell and Eurocopter helicopters, which meet all industry standards; ULA Fixed Wing students train in the Cessna, CubCrafters, Tecnam and Beachcraft airplanes.