So, how do you plan on paying for your flight training? That’s the big question for most aspiring pilots. Learning to fly isn’t cheap, but it’s certainly worth the investment if you have a passion for aviation. If you’re aiming for a Sport Pilot or Private Pilot License, expect costs between $10,000 and $15,000. If you’re setting your sights on a commercial career, like flying for the airlines, the total cost can range from $80,000 to $100,000 for the full training path.
Here are six effective ways to finance your flight training:
1. Low-Interest Credit Cards
Using a low-interest credit card is a popular method for covering flight training costs, particularly for the initial phases like a Private Pilot License. Low-interest introductory periods and rewards cards can ease the early expenses, but keep in mind that higher training levels, especially commercial or ATP (Airline Transport Pilot), can cost upwards of $80,000. If you’re considering this route, calculate whether your budget can handle the long-term payments, or you may want to explore additional options to supplement your funding.
2. Cash is King
If you have cash saved up, that’s the simplest way to pay. Paying outright means no interest fees, no loan payments, and full control over your training expenses. However, it’s a good idea to set aside a bit extra for unexpected expenses or additional flight hours, as costs can vary depending on your training needs.
3. Flight Training Scholarships
There are numerous aviation scholarships available, providing “free money” that doesn’t have to be repaid. Scholarships exist for all experience levels, from beginners to advanced pilots, and are often underutilized simply because people don’t apply. Taking the time to submit applications can be surprisingly rewarding.
Check out our list of Aviation Related Scholarships Here:
Local flight clubs, corporate sponsors, and universities with aviation programs may also offer scholarships, so be sure to research opportunities that match your profile and goals.
4. Federal Pell Grant
If you plan on attending a college or university that offers an aviation degree, you might qualify for a Federal Pell Grant. While it’s generally not available for stand-alone flight schools, many accredited aviation programs accept FAFSA (Free Application for Federal Student Aid). For eligible students, Pell Grants can provide up to $7,395 per year (2024-2025), money that does not need to be repaid. It’s worth filling out a FAFSA to see if you qualify for this and other federal grants or subsidized student loans.
5. AOPA Flight Training Financing
AOPA offers flexible flight training loans that are tailored for aviation students. Through their program, you can secure a loan of up to $100,000 to cover all stages of flight training, from your Private Pilot License to an ATP certificate. Monthly payments for a Private Pilot License can be as low as $150 to $300 per month for a seven-year term, depending on your loan amount and credit. This is a great option if you plan on completing all your training in one place and want to consolidate costs into a single financing solution.
6. Career Training Smart Option Student Loan (Sallie Mae)
This loan is ideal for non-degree aviation schools or technical training, making it a good fit for many flight schools. Sallie Mae’s Career Training Smart Option loan typically offers interest rates between 5.75% and 13.45% APR, which are often lower than most credit cards. It’s also flexible, allowing funds to be used as needed for different phases of training. Since the rates are lower than many credit card options, this could be an affordable way to spread out payments over time without accruing excessive interest.
Pro Tip: Check for Flight School Financing Options
Before you dive into any of these options, check if your flight school offers in-house financing or payment plans. Some schools partner with lenders or offer custom financing for students, which may come with additional perks, such as interest-free payment options or discounts on blocks of flight hours.
Financing your flight training might seem overwhelming, but with the right approach and financial planning, you can achieve your goal of becoming a pilot. Research your options, evaluate your budget, and apply for scholarships early to maximize your chances of covering the costs. Happy flying!
