Financial
Aid
Los Angeles Helicopters has established
signal relationships with leading financial institutions to help
provide flight training lending programs to our student population.
Our staff is well versed in the benefits each program offers to
help assist you choose wisely as you focus on a financial aid strategy.
As you plan to embark on a piloting career, it is important to
start that career with a definitive financial strategy to get you
through the training without interuptions.
Montgomery GI Bill
Los Angeles Helicopters has received critical approval from the
Department of Veterans Affairs (DVA) to apply a veteran's vocational
training allotment (GI Bill) towards their flight training goals.
The GI Bill is only available to veterans who have served in the
armed forces. The GI Bill will cover 60% of the pre-approved training
course cost through reimbursement to the veteran. Only vocational
training courses are covered by the DVA which include the following
at Los Angeles Helicopters (LAH):
- Commercial Helicopter Pilot License
- Instrument Rating, only if enrolled in the Commercial License
first.
- Certified Flight Instructor Rating
- Certified Flight Instructor Instrument Rating
It is not possible to use your GI Bill to pursue
a Private Helicopter Pilot License as a private pilot is not a
pilot for hire. Only vocational training programs are approved
by the Department of Veteran Affairs.
With regards to how a veterans receive their benefits, it is important
to understand that the funds available through the GI Bill can
only be obtained by reimbursement of flight training costs. The
GI Bill cannot be used as a direct payment source. This means that
the veteran must pay for training expenses out of pocket. The timeline
for reimbursement occurs as follows:
- Veteran pays for training out of pocket (or via other financial
aid)
- On a 1st of every month following the month of training,
LAH submits a reimbursement form on behalf of the veteran
- DVA reimburses 60% of the monthly out of pocket directly
to the veteran.
The Department of Veteran Affairs has put together an extremely
informative website detailing everything a veteran needs to know
about using the GI Bill program. Along with the website, there
is a helpfull toll free hotline dedicated to answering direct questions.
For further information about your benefits, please look here:
GI Bill toll-free number:
1-888-GIBILL-1 (1-888-442-4551)
www.gibill.va.gov
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