Increased Student Loans for Pilot Training and Grant Programs.
This act raises federal student loan limits for individuals pursuing pilot training, making expensive flight education more accessible. It also establishes grant programs to support aviation education and promote diversity among pilots. This means more people can pursue a career as a pilot, and flight schools will receive financial assistance.
Key points
Higher student loan limits: Students in flight programs can now borrow more money for their education, reducing the financial barrier to becoming a pilot.
New grant programs: Grants are established to support aviation education, especially for underrepresented groups, aiming to increase diversity in the aviation industry.
Increased loan transparency: Institutions must provide clearer information to students about loan terms, including total cost and estimated repayments.
Program quality monitoring: Requires data collection on flight program completion rates to ensure effectiveness and quality.
Expired
Additional Information
Print number: 118_HR_2874
Sponsor: Rep. Allred, Colin Z. [D-TX-32]
Process start date: 2023-04-26