The Aircraft Owners and Pilots Associationhas announced a new program to help finance flight training.
Through the AOPA Aviation Finance Co., financing of up to $100,000 over a 24- to 84-month period will be available with no money down at an interest rate of 7.74 percent.
AOPA said in a press release that outside financing options typically run around 12.99 percent.
The purpose of the new financing options, says Adam Meredith, president of AOPA Finance, is to remove some of the financial barriers from becoming a pilot.
The loans will be available to both new students and people already in flight training programs.
AOPA has more on its financing options available on its website.