my app got accepted

schuh said:
Not going to ATP anymore. My uncle is letting me use his Warrior for training.. If the numbers are right it will be under 20000$ :beer:
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Buy into your uncles plane. Owning the airplane changes the way you fly. Suddenly it's your wallet on the line so your landings get better quicker and you don't ride the dang breaks.

I've experienced it for myself and seen it probably 50 times as an instructor.
 
In the company of one of those featured "instructors" you get an interesting answer in regards to the compass:

"Who uses that?"


:banghead:
 
Everyone here keeps saying training at a local FBO would be cheaper than ATP.. Well I ended up spending 15K at my FBO, not even came close to getting the Private, and switching to ATP now :rawk:
1st, ATP's rates are pretty good if you break down the cost of the APCC program by the number of hours you get. Especially for the ME time: it's 250/hr at the FBO's in North Jersey where I live! Imagine taking a twin for a couple of coast-to-coast x-countries? There goes your 30K..
Second, most FBO's would charge you for ground time with an instructor. Again, I used to pay 50 bucks for an hour with my instructor, and he would charge like .2 hours of ground extra for every flight (time he spent on walking to and from the airplane) ((
ANother thing, if you "take your time" and stretch your flight training as long as 1-2 years, it's gonna take you much more flight hours to finish up your ratings just because the less often you fly the more you have to revise during each flight..
Anyway, there were a couple of guys at my FBO who went to ATP and all of them off the record recommended ditching the school and doing the ATP gig.
Just my 2 cents.
 
I personally enjoyed my experience at ATP. Whether you go the ATP or FBO route it's all about what instructor you're working with and the training environment.

SkyFlier33. If you're looking to go to ATP, but want to stay close to home I recommend the Trenton location. I just came back from there.
 
nuball5, thanks for heads up. Though I think they only have the self-paced program, for me it would mean years to get the ratings. Especially with the winter coming up.
I went with PHX, hopefully will be done with everything in a few months :cool:
By the way, don't they offer loans with PNC? They had a pretty good rate.
 
DL31082 said:
I'm not going to say "dont do it" because I don't know your situation. I will say don't do the Gulfstream program that they are promoting right now. 13% seems really high to me, but I got my loan before the bottom fell out of the loan market. I am paying around 5% right now and have a 596 dollar payment on 80K. So just think about how much more 13 percent will be. That being said make sure you check all avialable options in your area. I went through ATP from Dec 07 to May 08. Now I work at a local flight school so I know both sides. If you have any questions I'd be more then willing to help, just PM me. Good luck and have fun.
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I'm in my 3rd year of professional flying and would be so screwed with a $600/mo loan payment... Be careful guys, think about your future.
 
Actually I know that they have a couple 90-day students at Trenton. But Phoenix is really nice. I got to fly there on my cross countries. First class facility and the apartment I stayed at was pretty comfortable. Good luck!
 
nuball5 said:
Actually I know that they have a couple 90-day students at Trenton. But Phoenix is really nice. I got to fly there on my cross countries. First class facility and the apartment I stayed at was pretty comfortable. Good luck!
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Thanks :cool:


wrxpilot said:
I'm in my 3rd year of professional flying and would be so screwed with a $600/mo loan payment... Be careful guys, think about your future.
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I'd say that if someone is already tight on finances and has a family to support, getting a 60K loan to get into aviation isn't a good idea no matter where you get your ratings or how long it takes you to get them.

But IF one can afford it, ATP might be actually better value than an FBO, IMHO. At least compared to the ridiculous FBO rates in NY-NJ (don't know about other states)
 
There are some places in the country where ATP will be cheaper than a FBO. Not many, but some. A few places in NJ, NY... maybe a few FBOs in MA, CA actually doesn't seem so expensive.
 
My fight training at small FBOs cost a little over $44k. I got very little ground instruction, flew in pieces of crap, had 34hrs of multi, and had to pay for my own housing. It also took almost two years to complete.

ATPs prices, to me, are not bad at all.
 
I'm just going to put it out there that I can't for the life of me imagine why anyone would go into that much debt. If I had a 500 - 600 dollar flt training loan right now life would be pretty rough. Just sayin. :dunno:
 
SkyFlier33 said:
By the way, don't they offer loans with PNC? They had a pretty good rate.
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Even a good rate, like 6%, is a TON of interest on 15 years, especially when you factor in the current job market.

65k over 15 years, at 6%, is a $548/mo. payment and will be over 33k in interest alone. So you are looking at paying nearly 100k for your flight training if you pay over 15 years.

If you are doing the self paced, and only pay interested on incremental payments, that wouldn't be such a bad deal, I guess. Do you have to pay the loan payment on the lump sum, even while doing self paced?
 
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