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A growing, global pilot shortage is sparking renewed attention to the aviation industry. The  pandemic put training on hold and saw many pilots opt to retire early or leave the profession, The Economist noted back in 2022. Looking ahead, Boeing is forecasting that 660,000 new pilots might be needed in the next two decades to keep pace with global air travel growth.

As airlines prepare for increased demand and many experienced pilots approach retirement age, future aspiring aviators may be exploring what it takes to earn the necessary certifications and how to pay for them. Related: Can I Use a 529 Account for Myself?

One of the most common questions families and self-savers ask is, can you use a 529 plan for pilot training?

Yes, in some cases pilot training is 529-eligible

A 529 account can cover pilot training costs when the program is offered through a Title-IV eligible college, university, or technical school. In addition, programs or providers authorized by Workforce Innovation & Opportunity Act (WIOA) or a government accreditor like the Federal Aviation Administration are also 529-eligible.

529-eligible ways to become a pilot

You can use a 529 account for aviation education when the training is part of an accredited degree or certificate program such as:

• Aviation or aeronautics associate or bachelor’s degrees
• College-based professional pilot programs with FAA approved flight labs
• Eligible community college programs offering aviation or flight technology tracks
• WIOA-authorized aviation providers or programs
• Federal government-authorized aviation providers or programs

At these schools qualified 529 expenses generally include:

• Tuition
• Required fees
• Required textbooks (must appear on the syllabus)
• Certain required equipment

How to know if a program is eligible

• If the school appears on the Federal School Code List used for FAFSA it is typically eligible for 529 funds
• If a non-Title IV flight school or aviation program is authorized under the Workforce Innovation & Opportunity Act (WIOA) or by a government accreditor. Check eligibility or your state’s WIOA list.

Planning for an in-demand career

With long-term pilot demand expected to remain strong and global forecasts predicting significant hiring needs, more students and adults may be considering aviation as a long-term career path. Understanding how a 529 account applies to different types of pilot training can help families compare options plan ahead and make informed decisions about education costs.