Financial Investment

GENERAL CONSIDERATIONS

The cost of flight training varies from school to school, nationwide. This is because aircraft leases, fuel, maintenance, and airport expenses are factored into airplane rental rates and vary greatly. Additional factors affecting rental rates are based upon the type of training offered. For example, schools utilizing a Part 141 curriculum will have greater expenses than those utilizing Part 61 curriculum due to the higher standards required of schools offering Part 141 training by the FAA. Furthermore, since a pilot certificate is issued on the basis of demonstrated proficiency rather than on hours (above minimum required by the FAA) accrued in an aircraft, cost for flight training will vary among individuals. Of course there are additional expenses for pilot supplies and equipment that also need to be considered as part of a total cost estimate. For a complete pricing estimate for your desired course of training, please contact our office to speak with one of our education advisors (253) 854-4960.

COMPARING COST

When comparing cost estimates across schools it is important to avoid comparing apples to oranges. Many flight schools will provide a cost for training without the cost of fuel, certification fees, etc. At Northwest Aviation College, estimates include a "wet cost." This cost includes the cost of fuel, plane rental, instructor service, certification fees and ground school.

DO I HAVE TO PAY FOR IT ALL AT ONCE?

Many schools and academies require students to pay for their training in advance with restricted or no ability for a refund. However, at Northwest Aviation College you can pay as you go.

FINANCIAL AID INFORMATION

Federal Student Financial Aid: In 2010, Northwest Aviation College was approved by the U.S. Department of Education as a Title IV school, which means we are able to offer federal student aid programs.  Students now have access to federal financial support in the form of Pell Grants, subsidized and un-subsidized direct student loans., and Plus loans.  For more information, vist the Federal Student Aid website or call us!

Veteran's Assistance Benefits: Northwest Aviation College is an FAA-approved Part 141 flight school, and recongized by the VA as an Institute of Higher Learning offering VA educational benefits for the Post 9/11 GI Bill, Montgomery GI Bill - Active Duty, Montgomery GI Bill - Reserves, and REAP. Our financial aid advistors will assist you with your personalized benefits program.   Please call our office at 253-854-4960.  For general GI Bill information call 1-800-GI-BILL1 or visit them on the web at GI Bill.va.gov.

FINANCIAL AID STATISTICS

Standard Occupational Classification (SOC) Number: The government runs a website that describes different occupations.  The student can click on the following link to review information on becoming a professional pilot:  www.bls.gov/soc/.  The Standard Occupational Classification number is 53-2012 and named "Pilot, Commercial".

Median Loan Debt: Northwest Aviation College began offering Title IV funding to its students during the spring quarter of 2011.  Due to the short time period involving available Title IV data to date, there is a lack of sufficient comparative information to supply statistics relative to accumulated loan debt.  This page will be updated as this data becomes available.

Placement Rates: Northwest Aviation College began offering Title IV funding to its students during the spring quarter of 2011.  Due to the short time period involving available Title IV data to date, there is a lack of sufficient comparative information to supply statistics relative to program placement rates.  This page will be updated as this data becomes available.

On-time Completion Rates: Northwest Aviation College began offering Title IV funding to its students during the spring quarter of 2011.  Due to the short time period involving available Title IV data to date, there is a lack of sufficient comparative information to supply statistics relative to accumulated loan debt.  This page will be updated as this data becomes available.

OTHER POTENTIAL RESOURCES TO CONSIDER

• AOPA Flight Training Funds Program (Lending institution program)
• OBAP Scholarships (Organization of Black Airline Pilots)
• Ninety-nines Scholarships (Women Pilot's Aviation Organization)
• Washington Pilot's Association Scholarships