Securing the funds to make your flying dreams happen takes planning and strategic thinking. There are a range of solutions for finding sources of financing, planning for your expected expenditures, and applying for scholarships that will help you on your way.
Learn to Fly: Securing the Funds to Fly
Key Takeaways:
- Pilot training costs vary significantly, from $5,000-$15,000 for recreational flying up to $50,000-$120,000 for professional pilot certifications, with additional expenses for aviation degrees.
- Funding options for training include personal savings, household budgets, general bank loans (personal, home equity), specialized aviation finance providers, and U.S. military veteran benefits like the Post-9/11 G.I. Bill.
- Numerous scholarship opportunities are available through fraternal and community organizations, local chapters of aviation groups (e.g., EAA, Women in Aviation), and aviation training organizations to help offset educational costs.
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