Financial aid is available that can cover up to 100% of the cost of your pilot training.

Federal Financial Aid

Unlike many flight schools, L3 Airline Academy is approved and accredited to offer Federal Title IV funding.

Title IV is federally funded aid which can cover up to 100% of the cost of flight training, for those who qualify.

There are a variety of financial aid options to choose from, please refer to the following list or contact a Financial Aid Officer to determine what program is right for you.

Details
L3 Airline Academy's FAFSA school code
041571

You will need this code to apply. Financial aid is available for those that qualify.

Available to United States Citizens or an eligible non-citizen.

FAFSA website: www.fafsa.ed.gov

Title IV Federal Funding

Federal Pell Grants: Federal Student Aid

Federal Pell Grant, unlike a loan, does not have to be repaid except under certain circumstances. Pell Grants are usually only awarded to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of Federal Financial Aid, to which aid from other federal and non-federal sources might be added.

Federal Direct Stafford Loan Program: Federal Student Aid

Direct Stafford Loans, from the William D. Ford Federal Direct Loan Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education at participating schools. Subsidized and unsubsidized Stafford loans are available for those who qualify.

Federal Direct PLUS Loans for Parents: Federal Student Aid

Parents of dependent students may apply for a Direct PLUS Loan to help pay their child's education expenses as long as certain eligibility requirements are met.

Grant amounts

Dependent on students expected family contribution.

Determined by the Free Application of Federal Student Aid.

More information

www.studentaid.ed.gov/sa/

How to apply

To apply for Federal student aid, students must complete the Free Application for Federal Student Aid (FAFSA) form.

For more information on Title IV, eligibility, and to fill out the form please contact us.

Private and state loans

These loans are all independent of L3 Airline Academy.

Fort Morgan State Bank Loan

Loan may cover up to 80% of total cost of education.
20 year repayment term.
Aggregate limit of $100,000.

Apply online or call 1-800-592-1270.
Alaska resident loans

Alaska Supplemental Education Loan (ASEL)
Alaska Family Education Loan (FEL)

Alaska residents attending out-of-state schools.
Loan limit of $10,000 per year.
Aggregate limit of $56,000.
Repayment term: 10 years.

Apply online or call +1 800-441-2962
Kentucky Advantage Education Loan

Kentucky residents attending out-of-state schools.
Borrow up to total cost of education.
Repayment term: 15 years.

Discover more or call +1 800-988-6333
New Jersey class loan

NJ residents attending out-of-state schools.
Borrow up to total cost of education.
Repayment term: 10, 15 or 20 years.

Discover more or call +1 800-792-8670
Vermont advantage student loan

Vermont residents attending out-of-state schools.
Borrow up to total cost of education.
Repayment begins 45 days from leaving school.
Repayment term: 15 years.

Discover more or call +1 800-642-3177
American Airlines credit education loan

Must be an eligible member of American Airlines Credit Union.
Can borrow up to $40,000.
Payments begin as soon as funds are disbursed.
Repayment term: up to 10 years.

Discover more or call +1 800-533-0035
AOPA Aviation Finance Company

Maximum loan amount: $100,000.
Payments begin as soon as funds are disbursed.
Repayment term: 7 years maximum to repay.

Discover more or call +1 800-627-5263
We Florida Financial (WeFly)

Must be Florida resident or a member with AOPA.
Can borrow up to $30,000.
Repayment term: 6 years.

Discover more or call +1 954-745-2400
Florida National Guard: Educational Dollars for Duty

The Florida Educational Dollars for Duty (EDD) program is available for Florida National Guard Soldiers and Airmen, and can provide public tuition for the period of the Guard member’s service. If you meet the eligibility requirements, EDD can be used for courses that lead toward a Technical Certification, Associates, Bachelors or Masters Degree.

L3 approved courses: Private Pilot Ground School, Instrument Ground School, Commercial Single-Engine Ground School, Commercial Multi-Engine Add-on Ground School, and Certified Flight Instructor Ground School.

Discover more
Veterans educational benefits

Veterans who are unsure of their eligibility or have questions about their entitlement should contact the United States Department of Veterans Affairs (1-888-GIBILL1). Eligible students enrolled in flight training at L3 must maintain satisfactory academic progress in the program in which they enroll to continue receiving VA education benefits.

Flight training is available to eligible veterans and reservists under Chapters 30, 32 and 33, Title 38 USC, Chapter 1606 and Title 10 USC. Only training at flight schools approved under Part 141 are eligible for benefits. Students must hold an unrestricted “Private Pilot Certificate” and at least Class II medical certificate privileges to be eligible for benefits. You must prove Class II privileges prior to the start of each course. Benefits are payable for dual flight, ground school training, and pre/post flight briefings. Benefits are paid monthly following submission by the school of a “monthly certification of training”.

Applicants for Education Benefits (22-1990) and Request of Change of Program of Place of Training (22-1995) should be sent to:

VA Regional Office
P.O. Box 8888
Muskogee
OK 74402-8888

More information

Veterans may call +1 888-442-4551, or visit the VA Benefits website. https://www.benefits.va.gov/gibill/flight_training.asp

Veterans interested in VA Educational benefits can contact our Financial Aid Office at +1 407-330-7020.

Similar to this

There are other ways of raising the capital to fund your pilot training.

Scholarships