At CESDA, we understand that studying to become a pilot is a significant investment. We help you find the best financing option so you can focus on what matters most: your education and professional future.
In the following link you can download more information about the services and prices of the Degree.
You can split the annual enrollment fee into up to 9 interest-free installments. Download this file where we explain everything .
Click on each one to learn about the conditions, and if you have any questions, please email us at financiatusestudios@cesda.com and we'll be happy to assist you.
Let’s take the example of someone who takes out a bank loan of €100,000 to study at CESDA and see how that loan can be repaid. We’ll also include the average expected salary when starting a career as a co-pilot in an airline in Spain, in order to compare expenses with incomes.
What follows is based on average values and serves as an initial reference guide. The next steps should be taken with the bank.
Item | Value |
---|---|
Principal (amount) | €100,000 |
Total term | 10 years (120 monthly payments) |
Grace period | 5 years (60 months) |
NIR | 5% annually (≈ 0.416% monthly) |
APR | 5.12% |
During the first 5 years you do not repay the principal; you only pay interest. After that time, the remaining balance (€100,000 in full) is repaid over the following 5 years.
Payments during grace period (years 1 to 5): approximately €416 per month ≈ €5,000 per year.
Repayment installments (years 6 to 10): recalculated to repay €100,000 + remaining interest in 60 months = €1,887 per month ≈ €22,644 per year.
Let’s assume that CESDA training was excellent (with an average grade above 7.2) and the market behaves as expected (as explained in this blog post: How will commercial aviation grow from 2024 to 2043?). Under these conditions, we can assume it takes 12 months to find the first job, meaning the 5th year is dedicated to job hunting.
From the 6th year (newly hired), we use a national average of entry-level salaries (Vueling, Iberia Express, Air Europa Express, etc.).
The following chart makes it clear
Figure 1. Loan payments vs net income year by year. You can see the jump in payments after the grace period and how income exceeds those payments from the very first year of work. Initially, the margin is small, but it grows steadily. By year 10, the loan is paid off and net income continues to rise. The family provides support during the first 5 years, and from the 6th year onward, the graduate can contribute with part of their salary.
When speaking with your bank, consider discussing the following points to help you negotiate better conditions:
With proper financial planning, a €100,000 loan is manageable in a pilot’s career: the first 5 years require liquidity, but the average co-pilot salary allows you to take control and end the decade on a strong financial footing.
The calculations presented here are estimates based on a 5% NIR and average co-pilot salaries in Spain. Each financial institution may offer different conditions, and each airline has its own salary scale. It’s advisable to request personalized simulations and consider individual tax implications. Job placement data is based on CESDA graduates since 2005.