Originally Posted by
sschlesinger
Hey aviator09 I just spoke to financial aid at the school and she said of the 7000 in grants (2 grants) that 715.00 will go towards 11 credits and the rest could go towards my flight time how ever she couldn't quite yet on the dispersal amounts since they are not dispersed all at the same time, meaning that I do not get the entire 7000 at once. So hopefully i might go with your plan first year private second year ifr, i really don't want to take loans out unless i really have to. And if I have to take out a loan i don't want to pay on it until i'm finished with school.
If I remember correctly , and it might be different where you are. But, I think they offered say $5500 per year so , half first semester and half second semester and this is going through the school ( not some bank ). What you take out is up to you. Say, you only have to pay $500 for credits , then you could put the $5000 towards flight training costs. The dispersal dates sometimes can take awhile, it may not be the beginning of the semester. It could be a month or so in. So, it might be hard to do it with just the schools money. Because, it will cost you more in the long run .. if you only get $2750, for semster 1 , that will only get you so far in your flight training and then if you have to wait another 4 months untill you can begin flying again. It will be harder for a new student to pick up where they left off , rather than a cfi taking 4 months off. So, you will prob end up spending more money on review flights in the end.