Good day everyone,
For all my veterans, is G.I bill enough to cover all costs of flight training or is more financing going to be needed?
Thanks in Advance
Good day everyone,
My understanding is while the GI Bill could be enough to cover all the costs, they limit how much you use yearly so you’d have to drag your training out over a long period of time.
This is correct, however if you decided to go the ATP route, the GI Bill will cover costs for certifications. Meaning it will cover costs of check rides and what not but will not cover the training portion leading up to the check rides. Basically you could get away with getting the required loan but not have to extend the loan amount to cover check rides and testing fees as a lot of students do. You can always attend a university for 4 years and go that path of course if you’re worried about the financial portion since you will get paid BAH and BAS while attending college full time.
Caveat to this, I haven’t started training yet but my understanding is you’ll need to pay out of pocket for the check rides and testing fees and then request reimbursement from the VA to use your GI Bill - not sure of your education level, but honestly, I’d recommend using the GI Bill for a degree unless you’ve already got that covered. Alternatively, there are many schools you can use your GI Bill to get flight training and a degree in aviation from, but most of those are a minimum of 2 years long which if you’re looking into ATP, you probably understand the idea of getting your certifications as soon as possible - but there are schools out there.
Yes that’s correct. At ATP, you can only use GI bill benefits for examiner fees which is roughly $7k (but fluctuates based on state and individual examiner fees). Plus the ATP/CTP course which is required for the STP rating, but these days pretty much any airline you get hired for will cover the cost of that course anyway.
You could go the university route, but it will take much longer and each year not at an airline affects your future seniority, quality of life and career earnings potential.