Need advice on how t proceed with my training

[Stirrin]

Hi I'm a 21 year old PPL currently working on my Instrument rating with about 235tt (lots of light sport time). I have passed my instrument written with a 95. To continue my flight training I need to secure loans. I am planning on doing all of my instrument training part 61 in a 172m. I then want to continue on and get my commercial, followed by the CFI and maybe CFII. All the ground school is through King Schools. I'm a fairly quick learner and don't think I'll need any more training than the average guy. I also know a very good free lance instructor who will possibly take me through the instrument rating. Now my problem is that my family wants to know exactly how much this who ordeal is going to cost me in loans. So I have been putting together a spreadsheet with my projected costs to get to the CFI stage. All the night flying, cross-country and PIC requirements have been met, so I don't have to do any time building. I will not worry about any multi engine stuff for now; it is simply too expensive. So far I have:

INSTRUMENT

Instrument dual ~30 hours x $140 4200

Ground instruction ~10 hours x $30 300

Examiner fee 500

COMMERCIAL SEL

Piper Arrow Dual ~15 hours x $180 2700

Ground instruction ~5 hours x $30 150

Written test 130

Examiner fee 500

CFI/CFII

Not a clue. This is my problem. The FAR's make it sound like its mostly book work. I don't know what is required to get the CFI/CFII as far as flying and ground school is concerned through part 61. I am aware that this is a very tough rating with a high failure rate. I also know it involves a lot of lesson planning and book work. I do not know if that can be done alone with only a few hours with an instructor before the test or what. If at all possible I want to keep the price of these ratings below $10k. I just do not have access to the funds to go to a 141 school, nor do I really care to pay off those loans. Any help or advice would be greatly appreciated. Thank you.

 

[drunkenbeagle]

There is no flight time requirement whatsoever for the instructor ratings. Just having an instructor think you are ready, plus the spin endorsement.

I would personally do the instrument training (at least some of it) in the arrow, as you'll need the complex time anyway - should save you a few bucks.

You can probably finish an instrument rating with less than 30 dual. It took me 15.5.

After that, I would work on the CFI prep and commercial requirements at the same time. The rides are very similar. I did the C-ASEL and CFI-A rides both in one weekend.

 

[Stirrin]

There is no flight time requirement whatsoever for the instructor ratings. Just having an instructor think you are ready, plus the spin endorsement.

I would personally do the instrument training (at least some of it) in the arrow, as you'll need the complex time anyway - should save you a few bucks.

You can probably finish an instrument rating with less than 30 dual. It took me 15.5.

After that, I would work on the CFI prep and commercial requirements at the same time. The rides are very similar. I did the C-ASEL and CFI-A rides both in one weekend.

Awesome! Thank you for that. That helps tremendously.