killbilly
Vocals, Lyrics, Triangle, Washboard, Kittens
Which is kinda the point.
Either that, or stay away from these insane loans. Or get married, make sure your wife has a degree, and have her work for a year before you leave the military. Use all of your income to support your family, put her's into a high yielding savings account (HSBC is great for this) and then when the time comes, pull out what you need to get a reasonable loan to help with the training some.
Maybe that's just me. . . yeah, probably is.
When I first started out looking seriously at training, I did drink the Massive Loan-Flavored Kool Aid. I have since re-thought the plan.
Which is why I am
a) going to nail down some more college credit hours - the goal is to complete degree and first parts of flight training about the same time. While working full-time.
b) Will borrow SOME money for flight training, but no more than 30% - that's the max.
c) Will likely complete PPL and IFR (in cash) before doing any borrowing. (see (a) above)
SLM is alluring until you fire up a loan amortization calculator and determine just how long 15 year payouts really are, ESPECIALLY when you look at what you spend on interest. And I thought mortgages were daunting. When I really crunched the numbers against cost of living, budget, etc it scared the hell out of me.
