Originally Posted by
natebracing
I'm looking into a few "Pilot Factories" (I know that most of you don't like them) where they're claiming $50k-$55k for 0-hour to RJ ready WITH living expenses during training. I've posted a thread in the Flight Training area. I'm hoping to finance around $55k for everything and be done with training in 6-7 months. Any thoughts???
$55k may be a lowball. Watch out because I've had friends at those places and they had to pay everything up front. DO NOT DO THAT. You lose all of your control. Plane broken? too bad Instructor's bad? too bad etc.
I think it's a lot like buying a house. You plan to spend X amount and you'll pay X + another 20%. I'd definitely ask the students there what they paid, or better yet some of the guys who graduated. Ask the school for some #s if you don't know anyone personally. If they won't pass them along then move on.