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Good places to take loan for flight training? Good places to take loan for flight training?
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Old 04-15-2008, 11:42 AM   #1 (permalink)
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Default Good places to take loan for flight training?
What are some of the places I can take a loan for flight training? I need a loan for about 55000 dollars. I don't have good credit. I tried SalieMae with my mom as a cosigner, but the maximum they can give me is 20000 dollars. I was going to use my dad who have great credit, but he is already a cosigner with my sister for SalieMae, so I can't use him. Thanks.
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Old 04-16-2008, 06:18 AM   #2 (permalink)
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Originally Posted by Longbow64 View Post
What are some of the places I can take a loan for flight training? I need a loan for about 55000 dollars. I don't have good credit. I tried SalieMae with my mom as a cosigner, but the maximum they can give me is 20000 dollars. I was going to use my dad who have great credit, but he is already a cosigner with my sister for SalieMae, so I can't use him. Thanks.
Just my $0.02, but I wouldn't borrow a dime for flight training. Instead, I would work as much as I can and save up the money. It may take a while, but then again it could take you 15+ years to pay back all of that money plus interest if you borrow it.

Save it now and let the interest accumulate in your favor.
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Old 04-16-2008, 09:50 AM   #3 (permalink)
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I agree. Don't borrow money for school/flight training. Find a way to do it on current income.
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