Thread: Money and time
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Old 08-13-2006 | 10:18 AM
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PearlPilot
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From: DHC-8 SIC
Default Money and time

The more you train a week the less time and less money you will save.
I've been wanting to start training for the last couple of years. I looked at several FBO's around the area, but couldn't find a good deal. Prices ranged for a 152 $85, and for 172's starting from $112-135 excluding instructor costs. I think these costs are way too high. Fortunately, I recently stumbled across a local FBO. They have 2 planes. A 150 and a 172. They costs $88 and $112 respectively, instructor costs included. Instructor costs $29 and hour. I couldn't believe it! I made an appointment for an intro lesson and to speak with an instructor. I understand that this must be a very small place and I have no knowledge about maintainence or anything. First I would really appriciate if I got some suggestions as to what kind of questions I should be asking. As of now I have 0 debt. I will be a junior in college in the fall, and I have saved up money by working 2 jobs in the summer. My plan is to start do my PPL without borrowing any money. The main reason is because I will be borrowing money for school starting from the spring. It costs around 5K a semester minus I might be qualified for some grants/scholarships. You see even if I did end up borrowing say 15K for my education, I think it will not get me in trouble. They are government low interest loans for the most part, and I have about 10 years to pay that sum. Plus it is reliable unlike flight training costs, which can vary hugely, depending upon one's training schedule.
Bottom line is if I saved up money starting from now until the summer of 07, I will have saved up enough money to start my PPL. Or I can start training immediately by paying as you go, but it will be barely once or twice a week. Any thoughts?
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