Financing training Switzerland - European Flight Academy

Financial aid

THE FINANCING POSSIBILITIES

Very few young people are able to finance the pilot training out of pocket. We have compiled options on this page that you as a Swiss citizen can avail yourself of to finance your training so that your dream job of pilot does not have to remain a dream. We are currently working on other aid and will add relevant information on this page as appropriate.

At the moment we are offering the following financing options:

Government subsidies

Subsidies for higher technical colleges

Contributions by the cantons for the training course with the degree of “Dipl. Pilot/-in HF” (officially recognized by the Swiss educational system)
The Interkantonale Vereinbarung über Beiträge an die Bildungsgänge der höheren Fachschulen (HFSV, Inter-Cantonal Agreement on Contributions for Educational Programs at Technical Colleges) has been the basis for the equitable access of students to the educational programs at higher technical colleges (HF, Höhere Fachschulen). In particular, the Inter-Cantonal Agreement provides for the amount of the contributions that a canton makes to the education of its students.
The study programs at the higher technical colleges are funded in part by these cantonal contributions, provided, however, that our students meet certain requirements, including, but not limited to, having a place of residence in Switzerland (while pursuing their training).
Any subsidies paid out are already deducted (current as of 10/2022) from the training costs, as we do not offer the training in a break-even manner at this time.

Financing provided by airlines

Rahmen- And DarlehensvertrÄge BY THE SWISS AND EDELWEISS AIRLINES

In Switzerland, for pilot training, you have the opportunity to receive a framework and loan agreement from Lufthansa Group Airlines SWISS and Edelweiss even before starting the training.

The prerequisite for this is a positive outcome in an additional selection step, known as the Pre-Airline-Fit (Board-positive).

Once you have received this approval, along with your framework and loan agreement, you can take advantage of financing benefits.

The financing model of SWISS.

At SWISS, you can start your training without your own capital:

- you will receive a training loan from SWISS of CHF 80,000 (Swiss citizens) or CHF 104,000 (EU/EFTA citizens) (If you contribute your own capital, you can take out a lower loan amount).
- Additionally, you will receive government subsidies of CHF 60,000 (Swiss citizens) or CHF 36,000 (EU/EFTA citizens). Details about the government subsidies can be found under Aviation Training Financing (VFAL).
- You can repay the training loan starting after your training, from the start of your employment with CHF 1,000 per month over 80 months* (Swiss citizens) or CHF 1,000 per month over 104 months* (EU/EFTA citizens) with your pilot salary.

SWISS Financing Model for Download

*plus interest according to the guidelines of the ESTV

The financing model of Edelweiss

For Swiss citizens, the above conditions apply as they do with SWISS.

- Edelweiss supports training for all students equally with a financing volume of CHF 80,000. You can also take out a lower loan amount.
- Due to the lower state subsidy (VFAL) for EU/EFTA citizens of CHF 36,000, there is a personal contribution of CHF 24,000 for EU/EFTA citizens, which must be contributed as own capital for the training.
- The personal contribution is due in two payments: The first payment of CHF 10,000 is due before the training starts, and the second payment of CHF 14,000 is due during the training.
- You can repay the training loan after your training, from the start of your employment with CHF 1,000** per month from your pilot salary.

**The accrued interest will be settled with the final payment. The interest rate is determined annually in January according to the guidelines of the ESTV.