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Legacy Aviation

Private Education Loan

Our innovative Student Choice private lending solution is designed to help you responsibly pay for flight training.

✔ About Program

✔ Competitive Rates

✔ Manage Account

✔ FAQs

Legacy Aviation Learning Center

This solution is designed specifically for those who have been accepted into an Legacy Aviation Learning Center.

For 24/7 assistance call 844-661-5953.

Please note, an applicant also needs:

  • $36,000 in gross annual income for the last two years
  • Debt-to-income ratio of less than 45%
  • FICO score 650+

Current Rates

Fixed Rate Solution

Fixed Rate icon

Get a fixed monthly payment with a rate that doesn't change over time.

Rate Ranges: 7.99% - 9.99% APR†

Borrow up to $38,000.

Repayment term of 10 years◊◊.

 

Apply for Fixed Rate

Important Disclosures and Rate Details

DID YOU KNOW?

You can potentially reduce your rate by 0.25% by enrolling in automatic electronic payments during full repayment**

Manage Your Account

Make A Payment

Log in to view your account balance and make a payment. Note that University Accounting Service (UAS) is the loan servicer for your account.

Log In

 

Finish An Application

Log in to finish an application that you have already started, upload supporting documents, and complete the lending process.

Log In

 

Frequently Asked Questions

You must be:

  • Accepted into Legacy Aviation Learning Center

  • 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)

  • A U.S. citizen or permanent resident (non-residents are NOT eligible)

  • Able to meet TBA 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)

The maximum loan amount will be the certified need determined by your training organization, up to $38,000. IMPORTANT: Please note that the maximum co-borrower aggregate amount for borrowing (across multiple loans for multiple borrowers) is $38,000. 

In order to fund the loan, the borrower must be a member of the credit union prior to applying.

During peak loan season (July through September), please allow 35-40 business days from the time you submit your completed loan documents. During non-peak season, please allow 10 to 15 business days from the time your completed loan application has been submitted.

Though your loan may be processed, it is up to the training organization to "certify" your loan. Certification involves selecting a disbursement date and loan amount for your loan. The training organization has the final say on when your loan disburses and in what amount.

You can safely and securely upload images of your loan documents directly to Loan Processing by logging into your existing application.

You may choose to make interest-only payments while in school; defer both principal and interest payments until after graduation; or make full payments while in school. If you defer both principal and interest payments during school, interest begins accruing at disbursement and will be capitalized when you enter repayment.

University Accounting Service (UAS) will service your loan. Once your loan has been disbursed or entered repayment, you may contact UAS with questions at 877-530-9782.

Please log in to your account or contact UAS at 877-530-9782 to set up automatic debit for your student loan payments.

 

Legacy Aviation Learning Center 

Fixed Rate Solution

The Annual Percentage Rate (APR) for our Legacy Aviation Learning Center loan is fixed1 for the life of the loan.

The current offered rate2 will be between 7.99% and 9.99% APR.

 

Please Note:

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.

 

Fixed Rate Disclosures

  1. Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or coborrower (if applicable).

  2. Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy coborrower which may result in a better chance of approval and/or lower interest rate.


 

* Credit Union Membership eligibility and credit qualifications apply.
** The APR will not fall below the floor rate regardless of the index or any additional rate discount
† APR = Annual Percentage Rate
‡ Approved organizations subject to change without notice.
◊ Variable Rate Option: the repayment term is 20 years if your principal balance at repayment is $40,000 or less, and 25 years if your principal balance at repayment is more than $40,000.
◊◊ Fixed Rate Option: the repayment schedule is fixed at 10 years regardless of the amount you borrow. Full repayment begins after the 18-month enrollment period, unless full repayment is selected during enrollment.

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