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Published May 21, 2023, 3:20 p.m. by Violet Harris
When it comes to financing your flight training, there are a few options to consider. You can pay for training out-of-pocket, take out a loan, or use a combination of both methods.
Paying for training out-of-pocket is often the best option, as it doesn’t require you to take on any additional debt. If you have the funds available, this is definitely the route to go.
Taking out a loan is another option to consider. There are a few different types of loans you can take out, such as private loans or government loans. government loans tend to have lower interest rates and more flexible repayment terms.
If you’re looking for a flight school, be sure to check out Thrust Flight Academy. We offer a variety of financing options to help you get the training you need. Contact us today to learn more!
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the number one most common hurdle that
99.9 percent of people face when flight
training is paying for it
you already know that flight training is
expensive in this video we're going to
discuss
two aspects of paying for flight
training tips to make your flight
training as affordable as possible
and advice for acquiring funds for
flight training
so let's take a look at some suitable
options to pay for flight training
i get a dozen calls a day from people
who are passionate
about becoming a pilot but they're not
in the right financial position to
afford flight training
if dropping a thousand dollars on bills
right now is going to send your whole
world spiraling
then you probably shouldn't be
considering flight training
rather focus on saving up open up an
account specifically for future flight
training expenses
if you are starting from zero we tell
individuals wanting to train with us
to set a goal of thirteen thousand
dollars this gives you enough money
with some cushion to obtain your private
pilot certificate
i know that can be a daunting number but
stick with us until the end of this
video
where we will reveal some tips on
acquiring help for those funds
with that being said let's begin by
discussing some tips
to making sure that your flight training
is as affordable as possible
each rating has minimum requirements to
make your training as affordable as
possible
your goal is to get as close to these
minimums as possible
most people are well above these
minimums the average number of hours
flown before becoming a private pilot is
65
which is 30 hours above the required
minimum of paid flights
to complete this minimum we have a few
tips and tricks
for you number one fly accelerated
totally immersing yourself in your
training yields fantastic results
we've been specializing in this type of
training for years
and can say for certain that if you fly
multiple times a day
six to seven days a week you will
average less hours than someone flying
once a day two to three times a week on
average our accelerated private pilot
students require 10 hours
less training than our slower paced
students so this factor alone could save
you over two thousand dollars
number two familiarize yourself with
radio chatter
listen to audio on liveatc.net and get
used to the chatter
the more you learn on your own time the
quicker your training will proceed
which means less cost to you you can
also use thrust flights video in the
description below
to find some tips for communicating with
atc
number three watch free youtube videos
there is a lot of great free learning
material on youtube
on our channel and many others learning
from free videos is a great way to get
ahead of the game and
we'll keep your ground training as close
to minimums as possible
number four train in an affordable
aircraft
the bulk of your cost is of course going
to be the cost of flying the airplane
reduce that number by finding a low per
hour rate
aircraft some schools even offer a
discount if you put some money down up
front
further reducing your hourly cost at
thrust flight we help our students save
here
by flying the sport cruiser a light
sport aircraft
with affordable operating costs aside
from reducing costs there are also
methods
you can use to acquire funds to help you
in your flight training
let's go over four different tips you
could try for getting help to pay for
your flight training
number one acquire scholarships whether
you are attending a university in
conjunction with flight training or
you're going directly to a flight school
each option provides you with
scholarships if you're going the
university route
talk with your admissions counselor or
the financial services office
to get more information on some
scholarships you can apply for
if you're going the flight school route
you can check out aopa.org
or fa.gov to browse their list of
scholarship opportunities
check the links in the description below
for a few of our favorite scholarships
and spoiler alert thrust flights more
pilots
scholarship is at the top of that list
number two finance your flight training
through a loan
if you consider this option it's better
to try and complete your training as
quickly as you can
by training full-time if your goal is to
get to the airlines
it will take about two years from the
time you start training
however if your plan is to become a
recreational pilot
then it's better to save up rather than
to take out a loan
but some institutions do offer financing
for recreational training as well
check the links in the description below
for some resources for financing
your flight training number three
use military assistance if you were in
the military previously
or are currently in the military you can
use the tuition assistance program to
pay for your flight training
or you can also use the gi bill to pay
for advanced flight training
the gi bill can be used through a
private or public university or
a vocational training program if you
have any more questions about
saving costs and acquiring funds for
flight training post them down below
as always feel free to reach out to us
at thrustflight if you're ready to take
that leap
to become a pilot from thrustflight i'm
nathan
take care
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