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COLLEGE OFFERS NEW PROGRAM TO FUND FLIGHT TRAINING

COLLEGE OFFERS NEW PROGRAM TO FUND FLIGHT TRAINING

College of the Sequoias, Visalia California is proud to announce approval to participate in the Parents PLUS lending program for aviation students.  The PLUS loan is designed to ‘bridge the gap’ between what traditional financial aid will cover and the cost of a student’s education.  Helicopter flight training often exceeds the cost of Federal Stafford Loans and Pell Grants available to students.  Most young people haven’t built the necessary credit to qualify for private lending, especially in today’s economic environment.

The Parents PLUS loan allows the parent to borrow the entire cost of education for their son or daughter.  The credit terms are significantly lower than private financial lending institutions.  If the parent has not declared bankruptcy or defaulted on a federal student loan in the past 5 years or is more than 90 days past due on any debt, they would qualify for this program.  The student  must be a dependent adult  younger than 25 years of age.  The interest rate is fixed at 8.25% (With direct deposit) and loan terms can be either short-term or long term.  The interest may be tax deductible. For more information about the PLUS loan program go to www.parentsplusloan.com

The College of the Sequoias has never before used this program to help students find funding for their education.  However, given the inability of private credit markets to meet the demand of students, this federally backed lending program will make flight training possible for many students.  Many students don’t have sufficient credit to qualify for private loans and the cost of helicopter flight training exceeds the ability of all but the wealthiest to qualify.  The College of the Sequoias is dedicated to making the dream of becoming a professional helicopter pilot accessible!

If you would benefit from the PLUS loan program and would like to learn more about the College of the Sequoias flight associate’s degree for helicopter pilots, visit our website at www.cosaviation.org.  Unfortunately, space fills up fast because class sizes are kept small to assure quality instruction.  At press time there are two openings for the next Summer session scheduled to start on June 7 and four openings for the Fall 2010 class.

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