Private aviation student loans went away in 2008. During the last furlough binge in 2007, some guys hired sharp bankruptcy lawyers that looked at the terms of Key and Sallie Mae aviation loans that were not government backed. Because the terms were more like private than student loans, bankruptcy judges began to allow them to be discharged like any other debt. Once this happened, Sallie Mae and Key decided they would only issue government guaranteed student loans which limits you to $80,000 for undergrad studies, even with a bump for aviation. That is what caused many of the pilot factories in Florida to collapse in 2008.