Best Way to Finance Pilot Training
Financial limitations don’t have to stand in the way of your aviation dreams. If you’re looking for the best way to finance pilot training, contact Paragon Flight. Our team will be able to guide you through all of the available options, identifying the ones that work best for your situations and goals and helping as you work through the application processes.
As a flight school authorized under FAA Federal Aviation Regulations Parts 141 and 61, Paragon Flight is able to accept students taking advantage of a variety of funding sources including:
- Traditional government-backed student loans
- Aviation scholarships
- Aviation student loans
- Other personal lending options
- Additional private funding sources
Financing Flight School
Searching for Scholarships and Grants
Scholarships and grants are the ideal funding source for flight school since they don’t have to be repaid.
Did you know some scholarships are specifically for pilot candidates?
- Aircraft Owners and Pilots Association (AOPA) Flight Training Scholarships
- Amelia Earhart Memorial scholarships – 5 different categories of scholarships with a maximum of $20k
- Boeing flight student scholarships (select school participation)
- University Aviation Association
The Federal Aviation Administration (FAA) website is a great place to begin your search.
Applying for Federal Student Loans and Financial Aid
The right place to begin when you need to borrow funds for your aviation financial package is with federal student loans. By completing the FAFSA, otherwise known as the Free Application for Federal Student Aid, you might discover that you qualify for Direct Subsidized Loans, Direct Unsubsidized Loans, or Parent PLUS Loans. These borrowing options come with protections that other loan products don’t.
Completing the Package with Private Student Loans
Multiple lenders offer private student loans for flight school, but you’ll likely need a high credit score to qualify. If your ultimate goal is to work for an airline, you might discover that some will be willing to repay the costs of your loan.
Save Money with Paragon Flight’s P3 Professional Pilot Program
The best way to afford flight training is to reduce expenses, and the best way to save money on training is to finish faster. The P3 Professional Pilot Program here at Paragon Flight will take you from no experience to commercial licensing with flight instructor certification in fewer than ten months.
- 0-10 WEEKS Private Pilot License (PPL)
- 11-18 WEEKS Instrument Flight Rating (IFR)
- 19-30 WEEKS Commercial License, Single Engine and Multi Engine (CSEL and CMEL)
- 31-38 WEEKS Certified Flight Instructor (CFI)
P3 Participation Requirements:
- AGE – 18 years old
- EDUCATION – high school diploma or GED (college preferred)
- REFERENCES – one personal and one professional
- MOTOR VEHICLE RECORD (MVR) – clean
- CRIMINAL BACKGROUND CHECK – clean
- COGNITIVE/BEHAVIORAL EVALUATION – passed
- FAA RECORD – clean
- FAA MEDICAL – first-class certification
- LANGUAGE PROFICIENCY – fluent and literate in English
- AVAILABILITY – full-time (4-5 flight lessons and 10-20 ground training hours per week)
- CHARACTERISTICS – dedication, drive, and moral strength
Choose Paragon Flight
Paragon Flight offers a wealth of benefits to student-pilots, regardless of their position on the preparation ladder. Advantages include:
- Ideal location at Page Field, the premiere airport in Southwest Florida
- Ready-for-takeoff weather more than 350 days of the year
- Best Certified Flight Instructors (CFIs) in the industry
- Fully-equipped, comprehensive fleet of aircraft
- Jeppesen curriculum
For the best way to finance the best pilot training available, call on Paragon Flight at (239) 274-3170 or click here to contact us online.