The Student Loan Marketing Corporation, commonly known as Sallie Mae, is getting back in the business of offering student loans for flight training. The Flight School Association of North America announced Tuesday it has been courting the massive lender for a couple of years and the company recently agreed to consider offering financing to flight students. "Flight schools interested in offering their customers Sallie Mae financing for flight training will be considered based on a variety of business criteria," the FSANA said in a news release. The news release also said that part of the pitch to Sallie Mae involved outlining the FSANA's accreditation standards for members.
The FSANA sets criteria for training and business standards for its members and it said Sallie Mae liked what it saw in those guiding principles. "Flight schools that plan to partner with Sallie Mae will be expected to operate their flight schools in a professional and business-like manner with consistent delivery of best business practices," the organization said. More details on the funding will be available at the FSANA's convention in Orlando from Feb. 11-14.
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