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Funding Your Professional Helicopter Pilot Training

If you have made the decision to become a professional helicopter pilot, the biggest single barrier will most likely be funding. Helicopters are naturally very expensive to operate, and whilst there is nothing that can be done to reduce the high cost of training, our helicopter pilot scholarships offer have definitely made it easier for many trainee pilots achieve their goals. 

There are various ways to fund your training and whilst we cannot offer any financial advice, we would be happy to make you aware of some well known and aproved sources of educational funding, which we have listed below. We recommend that you speak to a financial advisor, as many student pilots have previously choosen to fund their training using savings, obtaining support from family members, or taking out secured or unsecured loans from your high street bank, and a qualified FSA advisor may be able to help you further with this. The links below offer a few additional options you may wish to explore. 

The Professional Career Development Loan

For pilots on our modular  professional helicopter pilot training programmes you may be eligible to take out a Professional Career Development Loan (CDL) which is offered by various banks and is backed by the Learning Skills Council. Helicentre Aviation Academy is an approved learning provider for the CDL and as full time or part time student at the Academy, you may used this loan to obtain £10,000 towards any part of their flight training, subject to being approved for the loan.

The CDL is a bank loan which, after training is complete, you pay back in the way you pay back any loan, spread out over up to 60 months. The difference with a Professional and Career Development Loan and a normal personal loan is that the Learning Skills Council pays the interest on the loan while you’re training, and for one month afterwards, and you don't start paying it back until the date you specify on the application form as your training completion date (usually one year from the date training commences).

The available banks change from time to time so the best thing to do is call the National Careers Service on 0800 100 900 to request an application pack. Interest rates on the loans usually competitive with other ‘unsecured’ personal loans that are commercially available. You can also visit the CDL website for more details.

The National Careers Service recommends applying for your CDL at least three months before your wish the first installment of the loan to be sent through to the training provider. Depending on the bank you choose the funds are usually sent through in two or three equal installments spread over the duration you have stated on your application form that the course will last for.

Enhanced Learning Credits

If you are in the military you may have Enhanced Learning Credits that can be used to pay for parts of your training. Helicentre Aviation Academy is an accredited provider for ELCAS and the credits can be used on any of our courses. The MOD's Enhanced Learning Credits Scheme (ELC) is an initiative to promote lifelong learning amongst members of the Armed Forces. The ELC scheme provides financial support in the form of a single up-front payment in each of a maximum of three separate financial years.

There is lots of information available on the ELCAS website advising you of the process requried to use your ELCAS towards a course of training, but the suggested time to allow for processing and delivering the funds to the learning provider is at least five weeks between submitting your claim and starting your course so remember to plan ahead.

Student Finance

A BSc (Hons) in Professional Aviation Pilot Practice (Helicopter) is currently being developed by the Aviation Skills Partnership and Middlesex University. More information will become availalbe once validation is complete in September 2014.

ATPL Finance

ATPL Finance are specialists in financing modular flight training up to a maximum of £15,000. A fully tailored flight training finance solution is provided enabling you to spread the cost of your flight training in manageable instalments. This enables you to fly as much as you like, without worrying about how to pay for it.

ATPL Finance have a Friends and Family financing option which is their latest product enabling friends and family members to take out finance that can then be spent by the student on flight training which can be useful if you have a low credit rating.

There is no limit to the number of friends and family loans taken out because the student is not applying for the finance and it is not a guarantor scheme - the borrower is the sole applicant for the finance and the student is the recipient of the pilot training finance funds.

Visit the ATPL Finance website and click on the part-finance training option to benefit from the full amount of funding available to put towards your modular training course. Once you have done this you can select Helicentre Aviation from the list of schools and you will be guided through the application process.





2017 Statistics


4

CPL(H) Scholarship
Applications Received

0

FI(H) Scholarship
Applications Received



2016 Statistics


19

CPL(H) Scholarship
Applications Received

0

FI(H) Scholarship
Applications Received



2015 Statistics


15

CPL(H) Scholarship
Applications Received

4

FI(H) Scholarship
Applications Received



2014 Statistics


21

CPL(H) Scholarship
Applications Received

4

FI(H) Scholarship
Applications Received



2013 Statistics


12

CPL(H) Scholarship
Applications Received

3

FI(H) Scholarship
Applications Received



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Helicentre Aviation,
Leicester Airport,
Gartree Road,
Leicester,
LE2 2FG