American Airlines Cadet Academy introduces new student loan options

Dergam Mousa

3 years ago

The American Airlines Cadet Academy and American Airlines Credit Union announced a new partnership, bringing an additional suite of new financial options for incoming candidates accepted into the Cadet Academy program.

“We’re extremely excited to partner with American Airlines in providing tuition financing along with personalized care and service to this specialized group of students,” said Lori Hall, Credit Union Senior Vice President, Member Experience. “Our comprehensive financial wellness program is tailored to assist the next generation of pilots in balancing their technical skills with the financial education needed to succeed in their future careers.”

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As part of the Credit Union’s complete Cadet Academy financing program, the loans will be available in low fixed- and variable-rate options and are designed to cover all expenses, including housing and stipend costs.

This partnership with the Credit Union makes the Cadet Academy the only program of its kind with two financial partnerships dedicated to supporting cadets entering its program. These various financial options were designed to help eliminate the financial barriers prospective pilots face, while supporting the incremental growth of the pilot population and creating greater diversity amongst the future and current pilot ranks.

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“We continue to increase our pilot hiring efforts this year and beyond, including additional investment in our Cadet Academy program,” said Christina Flores, American’s Managing Director of Aviation Recruiting and Programs. “Our work to grow and diversify the pilot profession is well underway. A critical part of that effort is our commitment to find more innovative ways to reach young, aspiring aviators and support them, financially and through mentorship, on their path to a career in aviation.”

Fabiola Sanchez, a Cadet Academy graduate and First Officer at Envoy, a wholly owned regional carrier of American Airlines, knows first-hand how important these financing programs can be to ensuring a future on the flight deck. “Before the Cadet Academy, I never committed to local flight schools because I knew I’d need a co-signer to receive financial assistance,” said Fabiola. “I was able to take out a loan on my own and join a structured program that helped me accomplish all the requirements needed to become an airline pilot and in the shortest amount of time. Without the Cadet Academy and the financing program it offered, it could have easily taken years longer to achieve my dreams.”

For more information visit the American Airlines Cadet Academy.