On average, an undergraduate post-secondary education student can expect to spend approximately $22,000 per year for a total of $88,000. Helicopter training at Northeast will average around $80,000 but generally it only takes two years instead of four. That means you can start earning money two years sooner than the average college graduate. If you're interested in a career in aviation, please look below at some of our financing options.
With college costs growing fast, it‘s time to borrow smarter. The career Training Smart Option Student Loan offers two repayment options and competitive interest rates to help you pay for college expenses not covered by scholarships and federal loans.
NEH is very fortunate to be able to continue to offer SLM Financing to our qualified students for their flight training loans, please contact Rhonda for further details.
LIBOR + 4.25% to LIBOR + 11.00% with the Interest Repayment Option
LIBOR + 4.75% to LIBOR + 11.50% with the Fixed Repayment Option
Pilot Finance, Inc. can help you with smaller loan amounts. Looking for your private license or maybe an add-on rating? Pilot Finance might be just what you need. The loan is designed for part-time students only. Maximum amount that can be financed is limited to the applicant‘s income, credit history and debts. You can apply on-line at www.pilotfinance.com or call 800-667-0201.
AOPA now offers flight training loans to finance your training. You can borrow as little or as much as you need all the way up to $100,000. Repayment terms can be as long as seven years. You can take a look at this brochure to find out if this is the path you would like to take, or you can apply here and get an approval decision in as little as one business day.
Students may choose to visit their bank, and discuss home equity loans or lines of credit versus the above options.
Just a few short years ago, there was little available as far as financial aid for a career as a helicopter pilot. We are very fortunate to have these options for students seeking help. Rhonda will be happy to talk to you on any or all of the above options, just contact her.
To save you time and frustration, please keep in mind that NEH is not currently a Title 4 Accredited school. NEH is regulated strictly by the FAA, not the State of CT educational system. Therefore, there are limited options for financing.
As you prepare for financing your helicopter career, we recommend you have a good understanding of your credit history and your credit score. You can do this be researching your FICO score to learn how it is determined and prepare for your individual loan needs.