Student Loan

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Private and Government Student Loan

Government loans are restricted to advanced pilot training such as CPL, and only cover a small set number of weeks. Private bank loans are less restrictive and can be applied to initial private pilot licence training. We can provide the necessary documents for local students who want to apply for student loans. For more information about this topic, please visit the website:

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Students studying CPL and Instructor rating programs are eligible for student loans through our Student Financial Aid Partner Portal. Please login to the link provided to continue with the application.

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To download the Policy Manual for StudentAidBC, please click here.

If you want more information regarding government student loans, please see the following link:

 

 

Private Loans

The most common form of private student loan is a line of credit, which is offered by most private lending institutions in Canada.  The advantage of private loans is that they are fully funded – meaning that they can cover the full cost of your training. Private loans can be used to cover the costs of Private Pilot License training (which is the prerequisite for Commercial Pilot Licence training).  By comparison, government student loans are not available for Private Pilot Licence training. These can only be used for the Commercial Pilot License, Multi-engine Class Rating, Instrument Rating, and Instructor Rating.

 

Lastly, private loans are not affected by the number of dependents a student has or does not have. In the case of government loans, students without dependents receive considerably less than students with a spouse and children.

 

Canadian Aviation College doesn't offer loans, scholarship or financial aids for students.