OSM Aviation Academy cadets will shortly be able to apply for government student loans

OSM Aviation NOKUT loans

Norwegian  NOKUT has given an authorization to the OSM Aviation Academy to provide a higher vocational training recently. Thanks to that, Norwegian pilot wannabes will be allowed to apply for student loans implemented by Lånekassen to fund the pilot training at OSM Aviation Academy.

Lånekassen is organised under the Ministry of Education and Research and allocates grants  and loans to Norwegian and certain foreign students for their education. Conditions to be fulfilled by foreign students to be eligible for the support are described at Lånekassen website. It’s not clear, whether pilots can apply for grants as well. Grants are money you are given and loans are money you have to pay back. Maximum amount of money you can get depends on whether you live with your parents, or not.

If you live with your parents, then the figures are as follows:

  • Basic grant: Up to NOK 3 282 per month (approx. €340)
  • Loan (only eligible for students over 18 years): Up to NOK 3 261 per month (approx. €340)
  • Grant for learning materials: NOK 105 – 388 per month (approx. €10 – €40)
  • Total grant and loan: Up to NOK 6 648 – 6 931 per month (approx. €690 – €720)

If you don’t live with your parents, then the figures are as follows:

  • Basic grant: Up to NOK 3 282 per month (approx. €340)
  • Housing grant: NOK 4 517 per month (approx. €470)
  • Grant for learning materials: NOK 105 – 388 per month (approx. €10 – €40)
  • Loan (only eligible for students over 18 years): Up to NOK 3 261 per month (approx. €340)
  • Total grant and loan: Up to NOK 11 165 – 11 448 per month (approx. €1150 – €1180)

First group of 27 cadets started their pilot education at OSM Aviation Academy’s flight school in September 2018. Students come from various European countries. The statement of NOKUT extends the range of pilot training financing possibilities that students of OSM Aviation Academy can use.

In the past, the academy received a government approvals from the Swedish student loan provider so as an agreement with the Swedish government about fully sponsored integrated flight training programme. Holders of commercial pilot privileges can take advantage of the fully sponsored Flight Instructor training.

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