Updated January 4, 2015 at 2:42 PM ET ASU STUDENT FINANCIAL GUIDE Introduction This guide provides ASU Professional Flight Program students and stakeholders with important information about the cost of the flight training portion of the program. Use this information to make financial plans before you start the program and as a student. In this guide, you will learn about: • recommended budget for each semester • program structure and minimum costs • historical median costs based on student performance • tips to minimize cost Detailed policies and procedures pertaining to ASU Professional Flight Program students and their flight training with ATP may be found the ATP ASU Student Handbook. Flight Training Budget Recommended Budget by Semester Semester Certificate/Rating Recommended Budget 1 Private $20,899.00 2 Instrument (1/2) $14,648.00 3 Instrument (2/2) $14,648.00 4 Commercial $3,773.00 5 CFI $6,367.00 Flight training requires a minimum of 5 semesters to train from zero flight time through certified flight instructor. These semesters represent your first through fifth semesters of flight training, but not necessarily your first through fifth semesters of your academic program. The recommended budget represents minimum flight training program cost plus 20%. This provides a modest buffer for extra training, if required, and designated pilot examiners fees. Add this recommended flight training budget to your academic course budget. Student Financial Guide January 2015 1 Updated January 4, 2015 at 2:42 PM ET The flight training budget does not include ASU class registration fees, FAA knowledge test fees, pilot supplies, or living expenses. Flight Training Program Outline Aircraft Hours Rate Cost Private 78 Flight Hrs CE-172 Dual 68 $198 $13,464.00 CE-172 Solo 10 $140 $1,400.00 Ground 25 $58 $1,450 Briefings 19 $58 $1,102 Total Module Estimate $17,416.00 Instrument 122 Flight & FTD Hrs CE-172 Dual 99 $198 $19,602 FTD 23 $73 $1,679 Ground 30 $58 $1,740 24 $58 $1,392 Total Module Estimate $24,413.00 Briefings Commercial Multi-Engine 46 Flight & FTD Hrs PA-44 Dual 30 $379 $11,370 FTD 16 $73 $1,168 Ground 35 $58 $2,030 Briefings 7 $58 $406 Total Module Estimate $14,974.00 Commercial Single-Engine 15 Flight Hrs CE-172 Dual 15 $198 $2,970 0 $58 $0 3 $58 $174 Total Module Estimate $3,144.00 Ground Briefings CFI (ME Initial, II, SE) 35 Flight Hrs PA-44 Dual 14 $379 $5,306.00 CE-172 Dual 21 $198 $4,158.00 Ground 38 $58 $2,204 Briefings 8 $58 $464 Total Module Estimate $12,132.00 Total Flight Program Estimate $72,079.00 The flight training portion of the ASU Professional Flight Program is distributed across four stages of certification: Private, Instrument, Commercial and CFI. Each stage should require just one semester to complete, except the Instrument stage, which requires two semesters. The estimated hours are minimum times. While it is possible to complete training in minimum times, most students exceed minimum times by a small margin. Student Financial Guide January 2015 2 Updated January 4, 2015 at 2:42 PM ET Schedule of Rates Base Hourly Rate Aircraft Spring 2015 Hourly Rate Single-Engine Cessna 172 Dual $198 $198 Single-Engine Cessna 172 Solo $140 $140 Multi-Engine Piper PA-44 Dual $379 $379 Multi-Engine Piper PA-44 CK $321 $321 Rates are updated each semester based on the cost of fuel. The rate quoted at the beginning of the semester will remain fixed throughout the semester except in the most extreme circumstances. (For details, see the ATP ASU Student Handbook.) Historical Costs The following table demonstrates the median flight training cost incurred by students who passed their Private, Instrument, or Commercial certificate or rating within the last academic year. Historical Costs by Certificate Spring 2014 to Fall 2014 1 Median Cost with Median Cost with Conforming Flight Non-Conforming Blocks1 Flight Blocks2 Private $17,416 $22,305 Instrument $24,413 $26,462 Commercial $14,974 $20,126 The “Conforming Flight Blocks” column includes students who substantially met the minimum participation requirement of three flight blocks per week. 2 The “Non-Conforming Flight Blocks” column represents students who extended their training over a longer than recommended period of time and did not meet the minimum participation requirement of three flight blocks per week. Tips to Minimize Cost Meet Flight Block Requirement ASU requires professional flight students to schedule a minimum of 3 flight blocks per week. Flight blocks are your class schedule for flight training. Just like traditional classes, flight blocks are registered once at the beginning of each semester. Students who regularly attend training events benefit from increased proficiency and less re-training of previous lessons, which keeps costs on-budget. Student Financial Guide January 2015 3 Updated January 4, 2015 at 2:42 PM ET Arrive Prepared Each flight, ground, or training device lesson has a lesson plan available on your student extranet. Read your lesson plan, read the assignments, and arrive prepared. Students who arrive prepared spend their time flying instead of re-training requisite ground school knowledge while losing flight proficiency. Students who arrive prepared stay on-budget. Train Over Consecutive Semesters ASU recommends that students begin flight training in their freshman year and continue training for five consecutive semesters, including summers. This improves flight proficiency and minimizes cost. It also maximizes flight experience as a paid flight instructor while completing degree requirements in junior and senior years. Student Financial Guide January 2015 4