Aerospace Loan Program

The Aerospace Loan Program (ALP) was established in 2011 to support the immediate employment needs of Washington state’s aerospace companies by providing skilled workers. ALP provides low-interest loans to eligible Washington students pursuing approved short certificate aerospace training programs.

Washington’s aerospace industry is a major contributor to the state’s economy.  More than 700 aerospace related businesses operate in the state, employing more than 96,000 skilled workers (WA Economic Revenue and Forecast Council, 2012).  For Washington to maintain its position as a world leader in the aerospace industry, it must meet the growing demand for specialized workers at various skill and education levels. The Washington Aerospace Training and Research Center was created to help meet the demand for skilled aerospace workers in Washington.

The Legislature provided $250,000 in 2011 and an additional $1 million in 2012. The 2013-15 operating budget provided $1.25 million each year to ALP.

Students can receive up to $4,800 for 12 weeks of training to enhance their existing job skills or earn certificates in various aerospace production fields. After completion of the program, ALP recipients have up to three years to repay their loans.

More information is available on our partner website

Resources

Legislative Report
2013-14 Guidelines and Terms of Agreement
Washington Aerospace Training and Research Center