Cadet Academy cost
Turn key approach
Cadet Academy has been designed to address all of the obstacles associated with a traditional flight training route. We have developed a turn-key approach similar to many colleges. You are responsible for one price. As long as you study hard and pass all of your courses as expected, all costs associated with becoming a professional pilot are covered in that one price.
The majority of flight schools charge students by the flight hour, meaning students all pay different amounts, based on their learning speed. Cadet Academy is different in that it offers a set course cost for the completion of each step. This fixed cost method provides you with the highest quality training and eliminates surprise costs.
Each of our partner schools have slightly different tuition driven by different training aircraft and location. Regardless of which school you select, you will receive a consistently high level of training.
|The price of the program includes materials, uniforms, and all training (for those who maintain satisfactory academic progress). The cost of housing and meals can be added if necessary, up to the aggregate borrowing limit of each loan ($120,000 for AAFCU or $110,000 for Discover). Cadet Academy is designed to avoid any unforeseen expenses.|
American Airlines has created partnerships with two financing institutions: American Airlines Federal Credit Union and Discover Student Loans. They each offer a unique financing opportunity for American Airlines cadets.
To qualify for either of these loan options, you must be enrolled in the Cadet Academy. You must meet certain credit requirements. The credit decision is determined by your credit worthiness including your credit score, credit history, and other factors.
American Airlines Federal Credit Union
American Airlines Credit Union is pleased to partner with the American Airlines Cadet Program in helping prospective pilots pursue their dream job. They’ve been supporting American Airlines for more than 85 years and look forward to the opportunity to work with you and watch your career take flight. American Airlines Credit Union is the official credit union for American Airlines and their families. As a member of the Credit Union, you not only get their tuition assistance as a cadet, but you get membership benefits for life. Some of the benefits of working with the credit union include:
- Cadet student loans up to $120k with variable or fixed rates
- Low rates
- Cosigner allowed (if your credit needs a boost)
- No Application Fee
- No Servicing Fee
- No prepayment penalty
- Rate discount available for automated payments (.25%)
- Payments do not begin until after program completion*
- Personalized Financial Wellness Program that includes access to a Financial Advocate, budgeting solutions, and other financial wellness tools
- Exclusive membership privileges
They can work with you to create a customized financial wellness plan to help your aviation career get off the ground. Learn more how the Credit Union can assist you on your life journey and in pursuing your dream job.
*Assumes satisfactory progress is being made toward program completion.
Discover® Student Loans
American Airlines has worked with our program lender, Discover® Student Loans, to make a Custom Career Loan available to you. Once you are accepted into the Cadet Academy, you will have the opportunity to apply for this loan. The Custom Career Loan allows you to cover the costs associated with the Cadet Academy up to $110,000.
- Get a great variable or fixed rate with no fees
- 0.25% interest rate reduction while enrolled in automatic payments
- No cosigner required
To qualify for the Custom Career Loan, you must be enrolled in the Cadet Academy. You must meet certain credit requirements. The credit decision is determined by your credit worthiness including your credit score, credit history, and other factors.
During the Custom Career Loan deferment period, no payments are required up to 42 months, while you are making satisfactory academic progress during the Instruction Period and Hour Building phases as reported by the flight school or American Airlines. Once the Instruction and Hour Building phases are complete, there is a three month grace period followed by the start of repayment. During deferment, interest will continue to accrue. At the end of the deferment period, any unpaid interest will be added to your principal balance. This may increase the principal balance of your loan, the amount of your monthly payment and the total cost of your loan. You can make payments any time to help reduce the overall cost of your loan and there is never a penalty for prepaying.
If at any point during the Instruction Period or Hour Building Period you cease being enrolled in the program or are no longer making satisfactory academic progress, as reported by the flight school or American Airlines, your loan will enter repayment after a one-time three month grace period.