Ways to pay for your flight training: do you know all 7?

by | FAQs for Beginners

Are you interested in becoming a pilot, but worried about the cost of flight training? Don’t worry – there are several ways to pay for your flight training! From saving up money to taking out loans and applying for scholarships, there are many options available to help you finance your dream. In this article, we’ll explore seven different ways to pay for flight training so you can accelerate your route to the cockpit.


Save the money to pay for your flight training

You don’t need to be a student of Dave Ramsey to know the value of saving up front for any big purchase. However, while it saves you in future debt payments, it will take longer to achieve your goal of a seat in the cockpit. If you’re looking to jump start your career in aviation you should also consider the options below.


Finance your flight training with a loan

Sallie Mae loans

A popular student loan is Sallie Mae. One of the advantages is that Sallie Mae loans usually come with nominal interest rates and a grace period of six months after graduation before the borrower has to start repaying the debt. Additionally, these loans can be used to pay for training, tuition, and other education-related costs. Sallie Mae offers competitive interest rates and flexible repayment options, which can help make flight school more affordable. Unlike government student loans, Sallie Mae loans typically do not offer income-driven repayment plans or loan forgiveness programs. Ultimately, while financing your flight training with a Sallie Mae loan can be a smart choice for some students, you’ll need to weigh the pros and cons carefully before making a decision.

529 Plans

Another financing option is a 529 plan, typically used for college savings. The advantages of a 529 plan for flight training include tax benefits, flexibility in choosing a school or program, and the ability to use funds for other qualified education expenses. However, there are also some downsides to consider. If not used specifically for qualified education expenses, there may be taxes and penalties for withdrawals, and the total cost of flight training may exceed the maximum amount allowed by the plan. It’s important to weigh the pros and cons before choosing to use a 529 plan for flight training financing, but it can be a great option for those looking for a tax-advantaged way to fund their aviation education.

Unsecured loans

Many flight schools are now offering an unsecured ‘interest free’ loan, effectively a revolving line of credit to pay for this training. The upside is that it allows you to access funds as needed, so you can pay for tuition, plane rental, and other expenses as they arise. Plus, you only pay back on the amount you borrow, so you can minimize your costs when you have cash available. However, there are risks involved, such as the potential for high interest rates and retro-actively applied interest if you miss a payment and the temptation to borrow more than you can afford. It’s important to carefully weigh the pros and cons and have a solid repayment plan in place before taking on this type of debt.


Find a flight training scholarship

The first step in finding a scholarship to pay for flight training is to do some research and start early. If you are attending a four-year university as part of your flight training talk to your counselor or finance office to learn about the many options available to you.

If you are not attending a university, there are still options but you will have to search to find them. Many organizations offer aviation scholarships, including private companies, government agencies, and educational institutions.

Start your search by checking with AOPA and also the FAA’s list of scholarship opportunities. It’s also important to review the eligibility requirements for each scholarship and ensure that you meet all the criteria. Some scholarships require essays or letters of recommendation, so allow enough time to complete these additional tasks. Finally, don’t forget to check with your flight school or local aviation organizations for any available scholarships or grants.


Pay for flight training with a Federal grant

If you’re looking for financial aid to help you pay for college, the Pell Grant is definitely worth considering, but you do have to be enrolled in a degree program to be eligible. This grant is available to low-income undergraduate students who need help covering tuition costs. Unlike loans, Pell Grants do not have to be paid back, which makes them an attractive option for students who are already facing the burden of student loans. The first step to applying for a Pell Grant is to complete the Free Application for Federal Student Aid (FAFSA). This application will determine your eligibility for federal financial aid programs, including the Pell Grant. If you meet the eligibility requirements, you could receive up to $6,345 per academic year to help cover the cost of tuition and other educational expenses.


Have the military pay for your flight training

Another option is to join the military in the hope that they will pay you to become a pilot. While it is an excellent option for some, you don’t get to choose whether you are chosen as a pilot. The military will prioritize its training according to its needs. However if you are currently in the military or are a veteran you should consider using the Tuition Assistance Program to pay for your flight training.


Get your flight training paid for by the GI Bill

For veterans looking to pursue a career in aviation, the GI Bill can help pay for your advanced training, but you will need to have completed your Private Pilot training first. After that, if you meet the eligibility requirements, the GI Bill can cover up to 100% of your flight training costs, including tuition, fees, and even flight hours. To get started, you will need to find a flight school that is approved by the VA, which can be found through the VA’s website. Once you’ve selected your flight school, you will need to complete the necessary paperwork to apply for benefits, as well as work with your flight school to ensure that your training meets the VA’s requirements. While getting flight training paid by the GI Bill requires some initial legwork, it is a valuable investment in your future career as a pilot.


Get discounted flight training rates by working at a flight school

Finally, many flight schools encourage their employees to pursue a career in aviation and offer them discounted flight training. Check with flight schools in your area to see if they offer discounted training. You don’t need to work as a pilot to take advantage of the discounted rates, so consider widening your search to include line service, dispatch, front desk or other areas in which you can help the school grow.



Pursuing a career in aviation can be expensive, but there are ways to make it more affordable. From leveraging the power of the GI Bill and scholarships to getting discounted flight training rates from local schools or using tuition assistance programs, you have options available for managing your costs. It is important to do your research and find out what works best for you before. With some careful planning and dedication, you can get the education that will help launch your dream career as a pilot without breaking the bank.

Don’t put off your dream of learning to fly any longer. Click the button below and start your journey to become a pilot with FlightRepublic today.