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There are many ways you can pay for your flight training, but what is best for you? In today’s episode, we will dive into the many methods of funding your flight training with a few hacks you may never have thought of.
Pay Cash
Family and friends.
https://www.nerdwallet.com/taxes/learn/gift-tax-rate
Scholarships
It is worth the work. If you receive a $1,000 scholarship after 2 hours of work, that is $500 an hour.
We have the largest directory of scholarships on the internet with over 120 million, and for over a decade helping people find scholarships.
https://www.aviationcareerspodcast.com/scholarships/
Federal student loans
Normally associated with colleges and universities.
You will have to apply for Federal student aid through financial aid.
https://studentaid.gov
High school and college counselors can help.
Use your GI Bill
https://www.va.gov/education/about-gi-bill-benefits/how-to-use-benefits/flight-training/
Private student loans.
https://finance.aopa.org/flight-training-finance
https://www.salliemae.com/student-loans/career-training-loan/flight-school-loans/
https://www.meritize.com
https://stratus.finance
https://www.flighttrainingfinancellc.com
Government sponsored
Most schools will list them on their website.
529 savings plans
Since this is new, contact your tax advisor first and coordinate with the flight school.
Thanks to the National Flight Training Alliance for their advocacy.
Sport Pilot Certificate
Sport Pilot Flight instructor.
Great for those not able to get a medical right away but know they will be eligible, career 2.0 who are older, want to use flight instruction to pay for their flight training, and want higher ratings.
Find the path and loan that is best for you.
We can help through our one-on-one and group mentorship. Stay motivated throughout mentorship.
Mentorship:
https://valeri-aviation.thinkific.com/courses/group-career-coachingUse the coupon code “CoachItForward” for the first month free.
One-On-One Coaching:
https://valeri-aviation.thinkific.com/courses/career-coachingSpecial: One month of free access when you sign up for one-on-one coaching.
Questions:
feedback@aviationcareerspodcast.com
