Originally Posted by
squidler4
I have my PPL and am looking at attending an accelerated flight school. One of the schools I have looked at requires a non refundable deposit to hold a slot for a particular start date in the school (understandable) and then full payment about 6-7 weeks prior to the start of the school. I have private financing so I would be looking at getting the cash price for the school.
Is this standard practice to require payment in full several weeks prior to the start of the school? There is a partial refund policy but it is very restrictive. This seems like a lot of money ($85k) to pay upfront.
Thanks
No, no,no and NO.
Your money needs to pay for YOUR training and not fund a pyramid scheme.
Its normal for a business to ask you to keep a positive balance on your account.
Some days you may use $1000 ( 4 hrs cross country ) and some days you may not.
Weekly in advance is the absolute maximum I would go. Look at your schedule for the week, make a rough estimate and deposit on Monday.