Paragon Flight Training and Sallie Mae form a lending partnership to address financial barriers for aspiring pilots. [Courtesy: Paragon Flight Training]
Key Takeaways:
Paragon Flight Training has partnered with Sallie Mae to offer new student loan financing options, providing 100% tuition coverage and making flight training more accessible.
Recent changes to 529 education plans now allow funds to be used nationally for trade schools and flight academies that grant certificates, further expanding financing opportunities for students.
These combined financing initiatives aim to help students complete their training without financial interruption, increase accessibility to high-paying aviation careers, and address the ongoing pilot shortage.
Meg Godlewski has been an aviation journalist for more than 24 years and a CFI for more than 20 years. If she is not flying or teaching aviation, she is writing about it. Meg is a founding member of the Pilot Proficiency Center at EAA AirVenture and excels at the application of simulation technology to flatten the learning curve. Follow Meg on Twitter @2Lewski.