In November of 2008, a helicopter flight training school in Broomfield, Colorado, received their part 141 Certification, a designation earned through the Federal Aviation Administration (FAA). The process of writing a standardized curriculum, training the Certified Flight Instructors (CFIs), and upgrading classroom facilities was rigorous, but the owners and instructors at this school were convinced that the benefits they would receive through certification would far out-weigh the heavy workload necessary to get there. They anticipated that their students would qualify for career training loans at a variety of banks and lending institutions, that the State of Colorado would allow access to training grants and loans available, and that ultimately federal grants and loans would be available to students who qualify through the Higher Education Act (HEA) of 1956.
It didn’t take long for those beliefs to be shattered.