NZ Flight training subsidies
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Join Date: Jul 2006
Location: Qld
Age: 42
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NZ Flight training subsidies
Hi all,
not sure if this is posted in the correct thread, but I am wandering if a few people could help me out.
I have heard from several sources that in New Zealand, students and flight schools can receive subsidies and interest-free student loans to complete your CPL.
I have had difficulties trying to obtain relevant info on the web or I am not searching the right web sites.
Also can anyone let me know what the pre requisets are if there is any such program.(NZ citizenship, or resisdency etc..)
Many thanks,
R
not sure if this is posted in the correct thread, but I am wandering if a few people could help me out.
I have heard from several sources that in New Zealand, students and flight schools can receive subsidies and interest-free student loans to complete your CPL.
I have had difficulties trying to obtain relevant info on the web or I am not searching the right web sites.
Also can anyone let me know what the pre requisets are if there is any such program.(NZ citizenship, or resisdency etc..)
Many thanks,
R
Join Date: May 2004
Location: Australandnewzealandland
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I havn't heard of any subsidies but you can get a student loan if you are a New Zealand citizen or permanent resident.
http://www.studylink.govt.nz/financi...et-a-loan.html
Student loans are interest-free if you live and work in the New Zealand until you have paid it off. Otherwise, interest accrues at a market rate.
http://www.studylink.govt.nz/financi...et-a-loan.html
Student loans are interest-free if you live and work in the New Zealand until you have paid it off. Otherwise, interest accrues at a market rate.
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Dud,
Do you know if only certain flight schools qualify, or can you obtain a intrest free loan through studentlink if going through any flight training business.
Also, sounds like you know a bit about NZ. What's the job prospects over there for a newbie qualified CP?
Any different to OZ?
Do you know if only certain flight schools qualify, or can you obtain a intrest free loan through studentlink if going through any flight training business.
Also, sounds like you know a bit about NZ. What's the job prospects over there for a newbie qualified CP?
Any different to OZ?
Join Date: May 2002
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Only avaliable at some schools/aeroclubs. Its interest free but i believe that the inflation component remains (about 3.5%) which is an amount to consider of you borrow 60 or 70k.
Newly qualified youll have a better chance picking up work in OZ, further down the track probably easier to get a turbo prop job in NZ. If you dissapera to OZ it wont be interest free.
In my opinion - DONT get a full loan. Borrow a few thousand or so and work full time for the rest. Thats how it was done in yesteryear and youll have something to put on the CV too.
Newly qualified youll have a better chance picking up work in OZ, further down the track probably easier to get a turbo prop job in NZ. If you dissapera to OZ it wont be interest free.
In my opinion - DONT get a full loan. Borrow a few thousand or so and work full time for the rest. Thats how it was done in yesteryear and youll have something to put on the CV too.
