powered by 
Clasp or FinWise Bank's loans are not endorsed by US Aviation Academy. Clasp and FinWise Bank are not affiliated with US Aviation Academy.
The PPL Program
Upfront, non-cosigner financing with payment protection², so you can focus on learning now and paying later.
With a Payment Protection Loan (PPL) made available through Clasp¹, you pay back your funding in fixed monthly installments for a fixed period of time—after you leave the program and are earning at least the minimum income threshold.
Once payments begin, you can use your payment protection benefit is you are unemployed or earning less than the minimum income threshold, up to a maximum of 12 months.²
Get StartedHow it Works
Focus on Class, Not Cost
With a PPL, you don't pay until you leave your program and are earning at least $40,000 per year²
Make Fixed Payments
In months when you are earning the equivalent of at least the minimum income threshold, you'll make fixed monthly payments³˒⁵ based off your funded amount over a period of 36 months.³˒⁵
Access Your Payment Protection Benefits
In months when you’re unemployed or earning less than the minimum income threshold (the equivalent of $40,000.00/year, or $3,333.33/month), you can request to use your Payment Protection Benefit for that month for a maximum of 12 months.²
US Aviation Aircraft Dispatcher Terms²˒⁵
A fixed amount that never changes
A fixed repayment schedule allowing you to plan for the future.⁵
Once you earn at least the minimum income threshold, you'll start making a fixed monthly payment, that will never change.⁵
No payments for 1 month after graduation. Focus on getting a great job, not making payments.
The maximum number of PPP qualifying months. After using all available months monthly loan payments must resume the following month, regardless of your monthly income.²
Frequently Asked Questions for PPLs
¹ Loans may be issued by Clasp, or FinWise Bank, a Utah-chartered bank, Member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
² In any month during the Payment Term that you believe you are eligible for Payment Protection Benefits, you must contact the Loan servicer to let them know that your Monthly Gross Income is below the Minimum Income Threshold, and to provide documentation or other verifiable information evidencing that you are either unemployed or earning below the Minimum Income Threshold.
During any month you use the Payment Protection Program (PPP), you will not be required to make a monthly payment and no interest will accrue on your loan for that month. However, PPP qualifying months where no payment is made will not contribute to reducing your loan’s principal balance or shorten your payment term.You are eligible for a maximum of 12 PPP qualifying months. Once you have used all available Payment Protection Benefits, you must resume making monthly payments on your loan, regardless of your Monthly Gross Income, starting the following month of your payment term.
³ Payment amount reflects the maximum monthly payment based on the maximum loan amount.
⁴ There is no credit check required to receive a quote. If you choose to submit an application for funding, a hard credit pull will be performed at that time. There is no minimum FICO score, and your credit score or history isn't the main thing that decides your approval or denial, but your credit will be checked.
⁵The 12.00% Interest Rate is fixed at the time of application and does not change during the life of the loan. The Interest Rate may be lower or higher than your Annual Percentage Rate (“APR”) because the APR considers certain fees you pay to obtain the Loan, the Interest Rate, whether you defer (postpone) payments while in school, and your use of Payment Protection Benefits. This repayment example uses the maximum loan amount for a student borrower with a 36-month term with 2 months until graduation plus a 1 month grace period. For a $4,000.00 loan that is disbursed in one (1) disbursement and a 12.00% Fixed Interest Rate: 36 monthly payments of $135.51 for a total amount of payments of $4878.36 and an 11.40% Annual Percentage Rate (“APR”). This example assumes repayment begins immediately after the Grace Period ends and no Payment Protection Benefits are used. The interest on your loan accrues on the initial amount financed while you are in school and during the Grace Period. This accrued interest is capitalized and added to your principal balance at the end of the Grace Period. While the APR may vary, your monthly payment amount will not change.
Valid as of January 31, 2025.