1. Short title This Act may be cited as the Pilot Act of 2018 . 2. Deferral of loan repayment during accrual of aeronautical experience required for airline transport pilot certification Part G of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1088 et seq.) is amended by adding at the end the following new section: 493E. Deferral of loan repayment during accrual of aeronautical experience required for airline transport pilot certification (a) Deferral of loan repayment during accrual of aeronautical experience In addition to any deferral of repayment of a loan made under this title pursuant to section 428(b)(1)(M), 455(f)(2) or 464(c)(2)(A), a qualified borrower shall be eligible for a deferment, during which periodic installments of principal need not be paid and interest shall not accrue, for a period not to exceed 3 years following the attainment of a bachelor’s degree described in subsection (b)(1) , except that a deferment under this subsection shall expire upon the qualified borrower’s— (1) completion of the aeronautical experience requirements imposed under section 44703 of title 49, United States Code, for the airline transport pilot certificate sought; or (2) failure to actively work to accrue the aeronautical experience required to apply for such certificate. (b) Qualified borrower The term qualified borrower means a borrower of a loan under this title who— (1) has attained a bachelor's degree with an aviation major from an institution of higher education that has been issued a letter of authorization by the Administrator of the Federal Aviation Administration under section 61.169 of title 14, Code of Federal Regulations