Financial Aid and Assistance

Financial Assessment

Luckily if need be – there are some Financing Programs in place for our future pilots! Also – personal loans are available at many banks provided you meet with them and have a Plan of Attack for your training and career. Student Loans and Bursuries are available for Pilots enrolled in Pilot Training at Flight Schools that have been assessed to be “Training Institutes”. These Loans and Bursuries come from the Federal Level, and sometimes the Provincial Level as well – depending upon the province. Their is a limit to these funds though as you cannot use them toward your initial Private Pilot Licence, nor toward your Commercial Pilot licence build up time – instead you can only apply for, and use the money toward Commercial Pilot Licence Training, Multi-Engine Rating, Single/Multi-Engine Instrument Rating, and the Class IV Flight Instructor Rating training. Loans are Bursuries up to a maximum of $20000 CDN are available to those who qualify. These type of student loans are available only for local students who have finished their PPL and need financial assistance to continue their CPL.

There are also credit lines available to support Canadian students to pay their tuition fee when they reach to CPL stage. Royal Bank of Canada (RBC) is a good place to start your searches. You can Easily access the money you need to pay for school, and take advantage of competitive rates, credit limits to match your program costs and a flexible repayment timeline that makes sense for students.

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