I would also recommend trying to pay as much out of pocket as possible. Avoid Pilot Finance like the plague. It is very complicated for both the student and the flight school and their interest rates have historically been terrible. There really isn't anyone outside of them and SLM in the loan department. If you have a good relationship with your bank, you might just want to go in and ask what they can offer you.hello
i was just wondering what are the options to finance for the private part of the training except sallie mae and my own pocket are there any other source for financing?
thankx
My cousin was actually able to secure a loan from his bank when he was doing his IR and CSEL. I think he put everything else on a CC. I just remember him telling me one day he had like $20k in CC debt from all the time building he was doing...I would also recommend trying to pay as much out of pocket as possible. Avoid Pilot Finance like the plague. It is very complicated for both the student and the flight school and their interest rates have historically been terrible. There really isn't anyone outside of them and SLM in the loan department. If you have a good relationship with your bank, you might just want to go in and ask what they can offer you.
Michael