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Old 04-08-2009 | 12:29 PM
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Originally Posted by Gajre539
Pilot Finance is a rip off in my opinion. I have one student that got a $8000 loan for private and another that got a $10000 for instrument and they both have 21%-25% interest on their loans. I have credit cards with lower interest rates than that!
Not a bad idea putting it on a credit card. I'd take that one step further though; get one with no interest for the first year, and then at the end of the year declare bankruptcy. (make sure you have your ALL of your training complete by then). You can't escape from student loans, but you can with credit cards. Besides, if you are going to be a professional pilot you might as well get the bankruptcy out of the way early.
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