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Managing The Cost Of Flight Training School

Managing The Cost Of Flight Training SchoolFlight training can get really expensive and is a major deterrent for students who whish to become pilots. Flight training is an investment, and if managed properly, can help you achieve your dreams.

There are few things to consider before you start looking into financing options.

Decide on The Type Of Flying and Pilot License Your wish To Do

FAA’s rules for getting a pilot’s license (certificate) differ depending on the type of aircraft you fly. You can choose among airplanes, gyroplanes, helicopters, gliders, balloons, or airships. If you are interested in flying ultralight vehicles, you don’t need a pilot’s license. You should also think about what type of flying you want to do. There are several different types of pilot’s licenses, from student pilot all the way up to airline transport pilot.

Once of the ways to reduce your flight training cost to get a Sport License. The introduction of the Sport Pilot license gives you an opportunity to become a pilot in a total of 20 hours —half that required for the private pilot license. While the Sport Pilot license has limitations, the certificate still allows you to take a friend up for a flight to any airport in the United States, as long as you have a logbook endorsement to operate in Class B, C and D airspace. And when and if you get the desire and funds to continue your training to get your private pilot certificate, you are already well on your way.

Flying Weather and Flight Training Schedule

Location is very important when you are looking for a flight training school. Florida is a great place to earn your wings. The moderate and mild climate makes flight training a pleasure. The good weather allows you to log more flying hours faster, get your degree quicker and be on the way sooner to your new aviation career.

During flight training, it is best to fly as often as you can. Piloting skills are perishable, especially in the beginning, and long breaks from flying are likely to degrade your knowledge of the concepts and the skills you’ve developed at significant cost. As a result, you end up spending more time and money re-learning concepts, procedures and aircraft handling skills. Make sure that you minimize interruptions to your training schedule and that you have more than enough money available to complete all the required training before you start.

Importance of FAA Approved Flight School

Enrollment in an FAA-approved flight school usually ensures a high quality of training. Approved schools must meet prescribed standards with respect to equipment, facilities, personnel, and curricula. However, individual flight instructors and training companies that are not certificated by the FAA as “pilot schools” may also offer high quality training, but find it impractical to qualify for FAA certification.

Another difference between training provided by FAA-approved pilot schools and other providers is that fewer flight hours are required to be eligible for a pilot certificate when the training is received through an approved school. The flight hour requirement for a private pilot certificate is normally 40 hours, but may be reduced to 35 hours when training with an approved school. However, since most people require 60 to 75 hours of training, this difference may be insignificant.

Why Flight Training Degree

Many airlines, especially in the United States, prefer applicants with a college degree. So why not let your flight training build up college credit and earn a degree?

From an employer’s point of view, a degree from a certified aviation science program shows a high level of commitment to the field. Most commercial airlines prefer applicants with college degrees. If you are already a licensed pilot, flight time and certificates can be counted towards your degree, saving both time and money. Entering the aviation job market with a degree in aviation will get you the advantage you need to get a job as a pilot.

Financing Options For Your Flight Training

FAFSA – or Free Application for Federal Student Aid – is the first step in the financial aid process for your flight school. Use it to apply for federal student financial aid, such as the Pell Grant, student loans, and college work-study. Most states and schools use FAFSA information to award their financial aid. Visit their website for more information.

The following is a list of federal grant and loan programs:

Federal Stafford Loans (FFEL): Amounts may vary each year and are dependent on need
and the grade year of the student.

Federal Stafford Parent Loan for Undergraduate Students (PLUS):
The FFEL PLUS loan can be borrowed by the parents of the dependent undergraduate student to help pay for
their child’s education. The PLUS loan is not based on financial need. The amount
borrowed each year is limited to the cost of attendance less other forms of assistance.

Federal Direct Loans: Amounts may vary each year and are dependent on need and the
grade year of the student.

Federal Direct Parent Loan for Undergraduate Students (PLUS):
The Direct PLUS loan can be borrowed by the parents of the dependent undergraduate student to help pay for
their child’s education. The PLUS loan is not based on financial need. The amount borrowed each year is limited to the cost of attendance less other forms of assistance.

Federal Perkins Loan
This low-interest loan is dependent on availability of funds each year and must be repaid to the flight school you are attending. The loan accrues no interest while the student attends school or during the nine-month grace period.

Pell Grants
This need-based award varies. The award amount is directly related to the student’s expected family contribution as determined by the FAFSA form and the student’s enrollment status (full time, half time, etc.)

Federal Supplemental Education Opportunity Grants (FSEOG):
Grants through this federal program are available to a limited number of students who demonstrate exceptional financial need. Priority is given to students with the greatest need.

Federal Academic Competitiveness Grant (ACG)
This federal grant is for full-time, undergraduate, Pell Grant-eligible U.S. citizens who have completed a rigorous High
School curricula and are in their first two years of study. ACG grants are for first and
second-year students with a grade point average of 3.0 or higher.

Aviation Career Training Loans
Aviation career training loans are a great way to pay for your aviation training. These types of loans are specifically used for technical training, trade school and other education programs. If you have looked everywhere and still haven’t found a way to pay for your aviation training then you should probably try and apply for a career training loan

Flight Training Scholarships
There are many organizations that offer aviation related scholarships. The great thing about scholarships it that you never have to pay them back. Its free money for your flight training needs. To review flight training scholarship list, view flight school list website.

Veterans Benefits

VA offers flight training benefits to those who want to advance their pilot qualifications. You must have a private pilots license and valid medical certification before you start training. Payments are issued after the training is completed and the school submits your enrollment information to VA.

Students enrolled with Aviator College may be eligible for Federal Financial Aid, Veterans Benefits, and Private Career Education Loans.

Contact Aviator College today to find out about your financing options.

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