USA – The National Flight Training Association (NFTA) has announced the signing into law of Section 70414, an amendment expanding 529 college savings plan eligibility to include postsecondary credentialing expenses, such as professional flight training. Championed by Congressman Mike Collins and supported by NFTA, the measure marks a significant step toward reducing financial barriers for aspiring pilots and aviation professionals.
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Section 70414 broadens 529 plan coverage to include industry-recognised credentials and certifications in approved occupational or professional fields, even if they do not form part of a degree programme.
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The change applies immediately to all qualifying distributions made after the law’s enactment, with no phase-in period.
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Students and parents can now use 529 funds for a wider range of aviation and aerospace training pathways, supporting workforce development and career readiness in line with modern labour market demands.
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“From the outset and across the country we have had requests from flight schools on behalf of students and their parents to make this a reality. We now have another tool to help navigate the problem of the continuing expense of professional flight training,” said Lee Collins, CEO of NFTA.
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NFTA states that accredited flight training programmes offered by eligible institutions now qualify for 529 funding, facilitating investment in critical skills such as pilot training, aircraft maintenance, and other aerospace professions.
About the National Flight Training Association (NFTA)
The National Flight Training Association represents flight training institutions across the United States, advocating for policy, regulatory, and industry changes that improve access, affordability, and career outcomes for aspiring pilots. NFTA collaborates with legislators, regulators, and industry partners to modernise training standards, promote safety, and ensure the long-term sustainability of the U.S. flight training sector.
Source: NFTA
Photo Credit: NFTA