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View Full Version : Envoy vs AA Cadet program


DABAviator
09-20-2018, 12:08 PM
Hey, so I just graduated high school and am 17 with my private pilot cert, I went part 61 for private but think I wanna do 141 for instrument, commercial, and CFI. I applied to AA cadet academy (they offer a loan with no co-signer and I go to a partner school, it has no commitment to work for them or any of there regionals. All they offer is the loan and interviews at Envoy, PSA, and Piedmont but you're not committed to any of them.) I like the AA cadet program for the loan. I also applied to Envoys cadet program and until I'm a CFI that would be no commitment too, Envoys would be good because I'm enrolled at liberty online and I can get R-ATP at 1000 (though being 17 I should have well more then 1500 by the time I'm 21 anyways I'll CFI for about a year then work part 135 to get Turbine PIC time) through libertys partner School which is also envoys partner. And I can use FAFSA and federal loans since I can do it through Liberty. Anyone have any opinions on what they think would be best? Or another option that I didn't list, open to suggestions


Squirrel27
09-20-2018, 12:32 PM
If there is no guaranteed job at the end of the day, do whatever is cheapest. Once you have your flight hours, nobody cares where they came from.

Part 61 school are just as good, and get you a job just as fast as part 141 schools.

wiz5422
09-21-2018, 08:30 AM
read the fine print to the loan for the AA cadet program...


DABAviator
09-21-2018, 10:12 AM
read the fine print to the loan for the AA cadet program...

I've read it. What specifically are you referring too? If you mean its not guaranteed and based on credit score/history I know a few people who got it at 18 right after high school with no credit and got approved (no credit yet, not bad credit) AA sets it up where you can't even use a co signer so if you wanted too. As long as you don't have anything negative most people get approved. Or is it something else you were referring to that I might have missed?

SoFloFlyer
09-21-2018, 02:16 PM
Personally, Iíd go with AA. Having access to financing is huge. Liberty with cost more and take long. As soon as youíre at a regional, start working towards to bachelors (Iím doing it as a CFI). Do whatever works for you, but I would go the path thatís fastest. Just so happens that the cheapest way is also the fastest. Thatís just my point of view. Like I said, do what feels right!

wiz5422
09-21-2018, 03:17 PM
I've read it. What specifically are you referring too? If you mean its not guaranteed and based on credit score/history I know a few people who got it at 18 right after high school with no credit and got approved (no credit yet, not bad credit) AA sets it up where you can't even use a co signer so if you wanted too. As long as you don't have anything negative most people get approved. Or is it something else you were referring to that I might have missed?


From looking at it the interest is very high on the loans, yet being financed is a big plus.

Like others have said, do what is the fastest route and the cheapest, in that order. seniority is everything in this industry. Don't for get to think ahead and understand what you will be paying once those loans cone due.

Al Czervik
09-26-2018, 03:19 AM
If there is no guaranteed job at the end of the day, do whatever is cheapest. Once you have your flight hours, nobody cares where they came from.

Part 61 school are just as good, and get you a job just as fast as part 141 schools.

This. We lose lose almost 1,000 pilots every year for the next 10 years. There will be a lot of movement. Do it cheap and fast.

SilentLurker
09-26-2018, 08:52 AM
From looking at it the interest is very high on the loans, yet being financed is a big plus.



Like others have said, do what is the fastest route and the cheapest, in that order. seniority is everything in this industry. Don't for get to think ahead and understand what you will be paying once those loans cone due.



Anybody know what the interest rate is like on the AA Cadet Loan Financing???

Asking for a friend