CarlosSi
New Member
Hey y’all. First time poster. This is actually a more general question than relating to ATP, but it relates to training (wasn’t sure where to put it). I’ve tried several times trying to receive financial aid through both Wells Fargo and Sallie Mae with different co-signers and loan amounts, but nothing has worked (I have one more co-signer who I’d like to try out).
I’ve come up with alternatives though if ATP financing doesn’t work out.
I currently have 135 hours total, 29 hours PIC, 18.8 hours XC, and 11.3 XC PIC (I finished private with over 100 hours...). The commercial requirements are 100 hours PIC including 50 hours being XC and 50 hours in airplanes (this is fine). There’s also a bunch of other requirements like having 10 hours in a complex aircraft. It seems like earning the IFR rating would cover the 50 hour PIC XC minimum, although I’m not sure how that works since you’re either with an instructor and time logged isn’t PIC, or you’re flying solo IFR...?
Other than that there’s “time-building”, but I don’t know how much time building I would have to do once I earn my IFR rating to get close to the 250 hours to start commercial training.
After that, I may stretch my loan a bit to pay for the CFI (I received a personal loan to help pa for training*******. This part I am iffy about. I’m going to one of those local FBO schools and not through college or a “career technical school” like ATP. My banker said in my case I’m fine. I would like to hear some opinions on this. My argument is this is sort of on the recreational side than on the typical college/tech school side (probably doesn’t fit the bank’s definition of a school), but would like some clarity), while staying with my parents, then earn enough for multi as I save and pay off that loan and part of my student loan from college.
ATP would be less of an ambiguous clusterfart than going it alone and choosing my training. I have to restrict my flying to once per month if I want to save for commercial (I borrowed $12K, and plan to be able to save about $900-1000 a month with a second job). I may get a little help from my uncle save.
Tl;dr, how much would a pilot of my experience need to spend to earn a commercial and IFR rating (I’m assuming IFR will take about $8-10K), and what’s the typical hour breakdown progression going from IFR to time build to starting commercial training? Many thanks!
I’ve come up with alternatives though if ATP financing doesn’t work out.
I currently have 135 hours total, 29 hours PIC, 18.8 hours XC, and 11.3 XC PIC (I finished private with over 100 hours...). The commercial requirements are 100 hours PIC including 50 hours being XC and 50 hours in airplanes (this is fine). There’s also a bunch of other requirements like having 10 hours in a complex aircraft. It seems like earning the IFR rating would cover the 50 hour PIC XC minimum, although I’m not sure how that works since you’re either with an instructor and time logged isn’t PIC, or you’re flying solo IFR...?
Other than that there’s “time-building”, but I don’t know how much time building I would have to do once I earn my IFR rating to get close to the 250 hours to start commercial training.
After that, I may stretch my loan a bit to pay for the CFI (I received a personal loan to help pa for training*******. This part I am iffy about. I’m going to one of those local FBO schools and not through college or a “career technical school” like ATP. My banker said in my case I’m fine. I would like to hear some opinions on this. My argument is this is sort of on the recreational side than on the typical college/tech school side (probably doesn’t fit the bank’s definition of a school), but would like some clarity), while staying with my parents, then earn enough for multi as I save and pay off that loan and part of my student loan from college.
ATP would be less of an ambiguous clusterfart than going it alone and choosing my training. I have to restrict my flying to once per month if I want to save for commercial (I borrowed $12K, and plan to be able to save about $900-1000 a month with a second job). I may get a little help from my uncle save.
Tl;dr, how much would a pilot of my experience need to spend to earn a commercial and IFR rating (I’m assuming IFR will take about $8-10K), and what’s the typical hour breakdown progression going from IFR to time build to starting commercial training? Many thanks!