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Old 07-03-2006 | 03:34 PM
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HSLD
APC co-founder
 
Joined: Feb 2005
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From: B777
Default Flight School Loan Question

I was looking at the ATP website, graduate list, and had a question about commercial loans to attend this type of training.

I'm guessing that most applicants don't have $40K+ to attend, so how do most participants finance the training?
  • What percentage of tuition, on average, is financed?
  • What is the APR?
  • Are the loans available part of a federal program?
My intention is to produce a spreadsheet that compares future value of a dollar, vs. tuition/loan, vs. entry level salary/career progression. Of course the trick will be to make the output useful and meaningful. Any additional information or details about the way such flight academies are financed would be appreciated.

Cheers -
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