pscraig
Well-Known Member
I've been tossing around flight school choices in my head, so pardon me if it seems I am thinking out loud.
I've visited FSI twice and combined with what I have heard here and elsewhere, I truly believe it is the best training available and has many networking possibilties. However, it's also among the most expensive. In an attempt to be financially responsible, I've explored a few other schools that have lower prices and more multi time, but adding it all up on a spreadsheet, a bigger loan for more years equals a lower payment. It's the first few years that concern me most, and the part I can't believe is borrowing more means I pay less. A $60K loan for FSI even leaves enough extra to pay off my car loan, eliminating a $250/month expense. So I would be down to a Key Loan payment and living expenses. And better training.
I guess my question to the group is this: How did you feel about taking out a $60K loan? And for those further down the line and finished, how do you feel now? Would you have done it again? What are your payments, and is it difficult making them?
I've visited FSI twice and combined with what I have heard here and elsewhere, I truly believe it is the best training available and has many networking possibilties. However, it's also among the most expensive. In an attempt to be financially responsible, I've explored a few other schools that have lower prices and more multi time, but adding it all up on a spreadsheet, a bigger loan for more years equals a lower payment. It's the first few years that concern me most, and the part I can't believe is borrowing more means I pay less. A $60K loan for FSI even leaves enough extra to pay off my car loan, eliminating a $250/month expense. So I would be down to a Key Loan payment and living expenses. And better training.
I guess my question to the group is this: How did you feel about taking out a $60K loan? And for those further down the line and finished, how do you feel now? Would you have done it again? What are your payments, and is it difficult making them?