You may be surprised to learn that the national dropout rates, as provided by the FAA, are consistently around 70%. Click this link to see the table of the FAA’s new certificate statistics for the last 10 years.
Students that finance their training with Pilot Finance, however, have a dropout rate of 8-12%. There may be many reasons why our customers are so much more likely to achieve their training goal compared to more traditional buy-a-lesson-at-a-time methods. We think it is related to how:
- Students and schools sit down and commit to the entire program from the beginning instead of merely starting training and “seeing how it goes”; and
- Students do not have money worries about finishing their training as the money is all set aside and available.