Financing a Flight Education

As you consider becoming an aviation student and start to research the details of financing flight training at Saint Louis University’s Parks College of Engineering, Aviation and Technology, it’s common to feel overwhelmed. Figuring out the financial aspect of college can be difficult no matter which major you choose, and it is often especially complex for aviation students due to the many factors involved in financing flight school. At SLU’s Parks College, our goal is to make sure that you understand the flight training costs and fees you’ll encounter as an aviation major and all of the options for financing your education.

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Financing A SLU Education

SLU is committed to providing a one-of-a-kind educational experience in the Jesuit tradition of educating the whole person (mind, body and spirit), and ensuring that education is affordable.

The vast majority of SLU students receive financial aid. Saint Louis University also offers scholarships to reward academic merit, talents, service, leadership and financial need.

SLU’s financial aid counselors understand the sacrifices that students and families make to afford a quality education, and will work with them to make sure they get the best financial aid package possible. Contact the Office of Student Financial Services by calling 1-800-SLU-FOR-U or visiting finaid.slu.edu.

Calculating Costs

Aviation students pay fees for flight time in addition to tuition. This can be one of the most confusing costs to determine when financially planning for your aviation education; some universities list their costs by hour, while others list theirs by year. At SLU, we try to be as transparent as possible in communicating flight fees. To determine your flight training costs, use the formula below. Costs vary by student due to scholarship and financial aid amounts.

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Please note: The Parks College Flight Award is designed to make SLU’s Flight Sciences Degree Program more affordable for first-time, full-time domestic freshman students. Beginning with the fall 2017 semester, students who meet the requirements for the Flight Award will receive $3,500 off their fees for the Flight 1 through Flight 5.

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Making a Good Investment

When making such a significant investment, you want to be absolutely sure it’s a good one. Investing in a Saint Louis University education is one of the best decisions that you can make, not only because of the excellent education and career training that you’ll receive, but also because of the skills that you will learn along the way. Collaborate positively with those around you, make ethical decisions and lead by example – these are a few of the things that you’ll be prepared to do as a pilot because of your experience at Parks College.

One Million Global Pilots and Technicians

It’s a good time to choose a career in aviation; industry experts predict that one million new pilots and technicians will be needed around the globe by 2031. The breakdown of regions where pilots will be needed is below.

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Top 5 Ways To Help Finance an Aviation Education

  1. SCHOLARSHIPS. Scholarships are merit-based. They consider your grades, talent or service. Best of all, you don’t have to pay them back. Scholarships that you may be eligible to receive include:
    • SLU Scholarships: Undergraduate students may receive for scholarships from Saint Louis University ranging from $250 to full tuition.
    • Parks College Scholarships: Parks College offers several scholarships for outstanding students.
    • Bright Flight: Missouri residents with high ACT or SAT scores may qualify for a Bright Flight Scholarship.
    • Aviation Organizations: Several organizations offer scholarships specifically for flight students. To learn more or apply for scholarships they offer, visit their websites (listed below).

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  2. COLLEGE GRANTS. Grants are need-based and don’t have to be repaid. College grants for undergraduates are provided by a variety of sources and some are tax-exempt. Grants include:
    • Federal Pell Grant
    • Supplemental Educational Opportunity Grant
    • Access Missouri Grant
    • SLUGrant
  3. WORK STUDY. Work study is another form of federal financial aid that allows eligible undergraduates to earn money for college through a part-time job on campus. Students work an average of 15 hours a week. SLU students can apply for work-study jobs after June 1. Learn more about SLU’s Federal Work Study program.
  4. FEDERAL STUDENT LOANS. Federal student loans have to be repaid. But you don’t have to begin paying them immediately after you graduate college. Most federal loans are low-interest. 
  5. PRIVATE STUDENT LOANS. Private student loans are not federally funded and often have variable interest rates that aren’t capped. To determine how much you can afford borrow for college, visit finaid.org/calculators. 

Apply To Parks College Flight School

Interested in becoming part of the Parks College aviation tradition? Apply now to get started on your aviation career path today.