Aviation training boosted by increased VET student loans

Aviation students planning to become commercial pilots have been given a massive boost thanks to an increase in the lifetime loan limit available to aviation students studying at a VET Student Loans (VSL) approved provider – up from $104,400 to $150,000.
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Most commercial pilot licence students realise that in order to secure their first role in the industry, having only a CPL is a major barrier to employment.  Either a multi-engine instrument rating or a flight instructor rating, preferably both, are additional requirements to secure that all-important first job.  However, most students have found that the cap in total VET Student Loan borrowing in the aviation industry, previously $104,400, was insufficient to get them through the job-ready training they required.

On 1st April 2019 the federal government announced that as from January 2020, this total loan limit would be raised to $150,000.  This brings aviation in line with other industries with a high training cost, such as law and medicine.

Sydney Flight College Chief Marketing Officer Matthew Piers says “this change is long overdue, and will help in preventing students becoming ‘stuck’ financially after the CPL, in need of further training to become job ready, but unable to fund it.  Not only will this benefit current and future students, but also recent graduates who can now access the additional qualifications they so desperately need”

For more information on this announcement, read the media release.

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