The Flight Education Access Act would raise federal student loan limits for students in eligible undergraduate flight training programs. Eligible programs must meet federal education rules, provide pilot training under FAA Part 141, and not be certified under Part 61. After three years of completion data are collected, programs must have an average completion rate of at least 70% to qualify. The bill also requires loan cost and repayment disclosures, student data collection, and reports to Congress. It was introduced in the House and referred to the Education and Workforce Committee.
If you attend an eligible program, the bill would allow you to borrow higher amounts through federal student loans. The limits vary by year of study and whether you are a dependent or independent student. Schools would also have to provide estimates of your loan balance, monthly payments, and total repayment amount. The bill does not change pilot training or qualification rules.
The bill authorizes $3 million per year for fiscal years 2025 through 2035 to carry out its changes. The funds would remain available until spent. Borrowers would still have to repay their loans; the bill does not state what any individual student’s costs would be.
No publicly available information.
No publicly available information.