Get Education loan

If you think you cannot manage finance for your education, you can always apply for a loan from banks to fund your degree or diploma. You just need to meet certain minimum requirements. Education loans are mostly offered by public sector banks. Private banks, except HSBC, do not offer many such loans. You can get an education loan for study in India or abroad.
Education Loan for India

• You can borrow up to Rs 4 Lac without providing any security or margin.
• You can get a loan amount of Rs 4 Lacs to Rs 7.5 Lacs against a third-party guarantee. This loan comes with a five percent margin. The loan amount disbursed is 5 % lesser than the sanctioned amount. You need to arrange for the rest of the money. The third-party guarantee can come from any relation, neighbour or friend standing guarantee for the full amount.
• Education Loan for Abroad Study

• Amounts worth Rs 7 Lacs and above are usually sanctioned against fixed deposits, NSC certificates, property worth the loan amount and a margin amount of 15 percent. This loan comes with a five percent margin. The loan amount disbursed is 15 % lesser than the sanctioned amount. You need to arrange for the rest of the money.
• Also, if a loan below Rs 4 Lacs comes at x rate of interest, the loan over Rs 4 Lacs is usually charged one percent higher interest that is x+1.
• Note: The Reserve Bank of India prescribes the specifics (amount, rate, repayment period) of education loans and the government provides a two per cent subsidy on these loans to the banks.

Career Prospects as pilot

In the recent years, airline industry has seen fierce competition. With the entry of many low cost airlines, the domestic market has suddenly expanded. According to the Federation of Indian Airlines, or FIA, the Indian aviation industry needs more than 4,500 to meet its demand. Furthermore, the attrition rate in the industry is very high. This adds to the rise in average salaries.
Top Recruiters
Jet Airways, Kingfisher Airlines, Spice Jet, Indian Airlines, British Airways, Lufthansa, Singapore Airlines, Gulf Air, Emirates
Average Salaries
Entry level salary of a commercial pilot in a private airline is about Rs 1.5 Lacs. In the recent times the salaries of commercial pilots have multiplied many times and a monthly salary of around Rs.2 Lac or even a higher figure of Rs 4 Lac does not surprise anymore. Midlevel salary could go up to Rs 5 Lacs per month.
Abroad Training
You can also go abroad for pilot training. You can explore foreign locations such as Australia, US, Malaysia and UK for pilot training. But going abroad for pilot training is comparatively expensive. The advantage is that, most of the flying academies in Australia, US, and UK have a shorter duration of course. You can expect to get a CPL in 6-12 months rather than almost 2 years that it takes in India.

Bank loans for Pilot Training

Bank loans for Pilot Training
Pilot training is one of the top three categories of education loans, along with MBA and hotel management. Following are some of the banks where you can apply for education loan to become a pilot.

• Centurion Bank of Punjab
• State Bank of Bikaner and Jaipur
• Corporation Bank provides education loan for Commercial Pilot Training both in India and abroad.
• State Bank of India
• Canera Bank
• Syndicate Bank
• Punjab National Bank
• Central Bank of India
• ICICI bank education loan
• Union bank of India

Get Air Booking

Four million travellers travel to and from Singapore every year. With such huge passenger traffic, it is realistic to say that Singapore is well connected to more than 160 cities all around the world. Foreign travellers are advised to book air tickets after receiving a valid visa and after organizing important documents.

Cheapest air tickets are on offer all around the year, especially with the fiercely competitive nature of air-travel industry. Website of leading airlines may be checked for a comparative cheap air ticket and booked through credit/debit cards. Alternatively, one may pick up cheaper tickets offered during promotional schemes by leading airlines at regular intervals.

While travelling by air, medicines carried must be checked to ensure they are not controlled or banned by the Singapore government. It is advisable to carry personal health records and proper medical prescriptions assigned by a qualified medical practitioner along with medicines.

Carrying prescribed medicine and prescriptions not for your personal use or for someone travelling with you may be illegal.

Flying School and Airlines Placements

Flying School and Airlines Placements
Various flying schools have tied up with banks as the cost of pilot training is very high. These flying schools also have a tie-up with airlines to provide them with trainee pilots.

• United Aviation, a pilot training school, has tied up with Spice Jet wherein it provides pilots to the airline.
• American School of Aviation has an official tie-up with Kingfisher Airlines.
• Aerostar Aviation, a Delhi-based flying school has tied up with Flight Safety Academy of USA to help bridge India's pilot shortage.

Airline Transport Pilot's License

Airline Transport Pilot's License
The above mentioned licenses can only allow you to fly as a co-pilot. If you want to take over as captain, you need the Airline Transport Pilot's License, which is the highest aviation license available. Along with clearing written papers, you also need to clock a total of 1,500 flying hours and take medical tests.
Training Costs

• Rs.30,000 to Rs.40,000 per hour.
• Often, the airline you work for may sponsor the training costs.

Accrediting bodies in Australia

The Australian government oversees the accreditation system through the member commonwealth, states and territories of the MCEETYA - Certain higher education institutions and universities are authorized by government accreditation authorities in Australia to self-accredit their higher education courses. The AQF register - provides detailed information about the accrediting bodies recognized by the Australian government.

MBA

There are no recognized accrediting agencies for MBA that are based in Australia. Many top B-Schools are accredited by major agencies such as EQUIS, AACSB and AMBA.

Medical Sciences

The Australian Medical Council - is recognized as an independent national standards body concerned with the accreditation of medical schools based largely in Australia and New Zealand.

Multiple Fields

National ELT Accreditation Scheme Limited (NEAS) - is Australia's national accreditation scheme for English Language Teaching centers.

The Non-State Schools Accreditation Board and Eligibility for Government Funding Committee - work predominantly with governing bodies of non-state schools on aspects of accreditation and funding eligibility

Training Accreditation Council (TAC) - is responsible for assuring the quality of vocational education and training in Western Australia

Scholarships for Pilot Training

Scholarships for Pilot Training
The following scholarships are available at and administered through IGRUA, in Rae Bareilly (Uttar Pradesh):

• Indian Airlines scholarships

Two scholarships of Rs 4,00,000, each given on merit-cum-means basis per batch.

• Air India scholarships

Two scholarships of Rs 4,00,000, each given on merit-cum-means basis per batch.

• Rajiv Gandhi Foundation

For two women pilots on merit-cum-means to the extent of Rs 3,00,000 each per batch.

• Scholarships for SC/ST candidates

Rs 2,00,000 on training fee.
Additional Rs 2,00,000 by IGRUA to three SC/ST candidates per batch by selection on merit cum means basis.
Some state governments award scholarships to SC/ST candidates for training at IGRUA. Eligible candidates may approach the respective State SC/ST Welfare Directorate for the same.

• JRD Tata Memorial scholarships

For four students, of an amount not less than Rs 1,00,000 on merit-cum-means basis. The JRD Tata Trust offers up to Rs 10 lakhs per year to trainees.

• The Madras Flying Club scholarship

Eligibility: Class X + 10+2; you must also have a Private Pilot License from the Madras Flying Club.

• A government scholarship for pilot training is available for SC/ST candidates who have completed SSC/10+2.

Medical Insurance for Studying Abroad

Medical insurance covers both domestic medical and international medical insurances. An international medical insurance may suit one's short or long term international medical concerns, depending upon the need such as the extent of single/multiple plan trips for individuals or families. Generally, international medical insurance covers emergency medical expenses, hospital stays and major surgeries.

Medicines carried while traveling must be checked to ensure that they are not controlled or banned by the government in the traveling country. Allowed medicines should also be correctly labeled in a container along with the prescription from a recognized doctor. It may be more viable to show personal health records along with the medical prescription.

Maximum insurance covers from Indian students abroad come from accident and health ailments followed by pregnancy. Some universities have their own set of requirements while others have set up ties with Indian insurance companies in covering Indian students.

Pilot in Indian Air Force

Pilot in Indian Air Force
You can also become pilot in Indian Air Force. To join Indian Air Force, you need to take the NDA entrance test after class 12 with Physics and Maths. If you clear NDA exams and join the Academy, your pilot training will be free of cost, and you will be paid a good stipend throughout 3 years of the training at NDA followed by specialized training at the Air Force Academy. After this, you will be commissioned as a Flying Officer and posted as a pilot at an Air Force Station.
But once you get into the air force, you cannot leave at your own will. You need to serve a minimum number of years. Pilots are not released unless they are not required by the IAF.