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Old 09-23-2012, 04:14 PM
  #6  
Cubdriver
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Joined APC: May 2006
Position: ATP, CFI etc.
Posts: 6,056
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Evidently you have thought about this, but think very hard about loans for flight training. I am not perfectly clear whether you plan to quit health care and fly as a pro, but even if you can get the loan and want to be a pro it is debatable whether the industry supports high speed, high cost flight training costs. Perhaps you should take the figure you want to borrow and put it into an online estimator with a ten year amortization to see what is the monthly payment would be. You will have to tow that line month in, month out past the death of any thrill of being an instructor, and there is great doubt the loan could be paid off in ten years an entry level pro either. At least get a few more ratings/ certs using your own money before diving in for a loan, would be my thought. I earned as I went and feel it was a good idea, because now I can fly full time without any loans to repay or worry about. This is not the health care industry, it is a fickle industry with lots of reverses.

Last edited by Cubdriver; 09-23-2012 at 04:24 PM.
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