eagledriver101
New Member
I agree, that is just madness. Do some of you guys even understand how much debt that is?
Let me just tell you something without it (hopefully) sounding like bragging. I have 280 hrs, commercial/instrument single/multi with about $1,300 in flight training debt on a 12 month, 0% interest credit card. The card will be paid off before any interest accumulates. I'm taking my CFI checkride in early July and will be paying cash for all of that. My car (2002) is paid off, and I have zero credit card/consumer debt (with the exception of the $1,300 stated above).
I have a total of about $24k in debt from my engineering degree, and that's a 3% interest loan. I have to come up with about $150/month for that. This has put me in a very nice position to move into professional aviation, and I'm not really that much older that you will be when you're done (I just turned 30). There were times when I felt very impatient and wanted to just get the big loan and quit my boring job, but I am SO GLAD right now that I had enough patience to do it right.
Reconsider that debt... Crunch the numbers and see how much you'll have to come up with each month and how long you'll have to do that for. Waiting a couple of years to do it cheaper and slower may seem much more worth it.
I am not sure I get you. You have 280 hrs of flight time, with those ratings, and you only spent 1300$$ either you know somebody, your full of chit, or I’m misunderstanding you. Do you only have 1300 left to pay? How much did you spend?
I did some research on flight schools here. And here is the information/adds:
“Air-center of Slat Lake City, Full service FBO and flight school. Jet Connect and accelerated flight training programs available. Don't waste time on the ground at International. Close practice area's, with no traffic control delays. (For the ratings, and time FT I want.. They want 65,000).
American Aviation
“Flight School, private through ATP. Most economical value in Salt Lake City.
(Quoted with time, and ratings I’m getting from ATP (55,000 to 60,000$)
Cornerstone Aviation
“Utah's premier flight schools. FAA Approved Part 141 schools in three locations (SLC, Provo, Ogden). Training is to Airline Standards. CSA is for the discerning pilot who only wants the best. Learning at towered airports provides the ultimate experience” (50,000 to 55,000K) and that’s only 35hrs multi included.
FLY AVIATION
“GUARANTEED JOB INTERVIEW WITHIN THE DELTA CONNECTION SYSTEM. The best accelerated courses for all your ratings, with the cheapest rates in the USA. ß-- Bull chit, cheapest, 29,995,, but that’s no Multi, and they exclusively fly the Cessna 172 skyhawk, (AWESOME PLANE) But I didn’t like there program. And, their terms state, Flight Training Cost is subject to change during your flight training.
The list goes on on, ATP compared to what’s around me, ATP looks really good, one, they have been around, and have awesome programs. And one more thing none of these schools offers Jet Transition: High Altitude Endorsement with High Performance Endorsements.
And you guys need to stop thinking I am doing this for sonority because I don’t need/want to get on with a regional carrier as soon as I graduate.. I am going for the accelerated training. I don’t want to spend 2 years doing, that is retarded I think..