Notices
Flight Schools and Training Ratings, building hours, airmanship, CFI topics

Wayman aviation

Old 03-07-2023, 03:04 PM
  #1  
Gets Weekends Off
Thread Starter
 
Joined APC: Mar 2023
Position: Student pilot
Posts: 227
Default Wayman aviation

I haven’t seen a new thread about Wayman aviation and I wanted to know if they are good? Especially the US airline pilot program
https://wayman.edu/professional-pilot-program/
Plabelover is offline  
Old 04-27-2023, 09:17 AM
  #2  
On Reserve
 
Joined APC: Apr 2023
Posts: 23
Default

Sorry, I do not have an answer but I am also interested in knowing more about them.
40yrOldRookie is offline  
Old 04-28-2023, 04:46 AM
  #3  
New Hire
 
Joined APC: Apr 2023
Posts: 8
Default

Originally Posted by Plabelover View Post
I haven’t seen a new thread about Wayman aviation and I wanted to know if they are good? Especially the US airline pilot program
https://wayman.edu/professional-pilot-program/
I'm actually going to swing by the flight school today. Ill let you guys know my impressions.
Jfond001 is offline  
Old 04-28-2023, 10:29 AM
  #4  
Gets Weekends Off
 
Joined APC: Dec 2017
Position: single-pilot multi turbine captain
Posts: 240
Default

The owner is a test pilot for Daher-Socata and the school has been around 20+ years and an airport change. As far as it being a sound business no worries. What you get on the receiving end I cannot vouch for.
Continuingappch is offline  
Old 04-28-2023, 05:24 PM
  #5  
On Reserve
 
Joined APC: Apr 2023
Posts: 23
Default

I was there today, and two other small schools in the same airport. I liked it, a very nice guy gave us a tour of the facilities, and it feels like a solid operation. One thing that is really important for me is that the financing can go through Sallie Mae, whereas the other two can't because of their size. At the same time, in the others, they said that the teaching would be highly personalized, which is something that Wayman may not be able to offer at least not to the same degree. I'm in a bit of a quandary there. I don't want to go through a mortgage or anything that would potentially put my assets at risk but I would really like that personalized instruction.
40yrOldRookie is offline  
Old 04-29-2023, 12:05 AM
  #6  
Gets Weekends Off
 
Joined APC: Dec 2017
Position: single-pilot multi turbine captain
Posts: 240
Default

I never heard of any 141 school that offers "personalized" instruction...the whole point of a 141 program is not scheduling around a particular instructor, which you are likely to do at a 61 outfit for any number of reasons.
Continuingappch is offline  
Old 05-01-2023, 11:21 AM
  #7  
On Reserve
 
Joined APC: Apr 2023
Posts: 23
Default

Originally Posted by Continuingappch View Post
I never heard of any 141 school that offers "personalized" instruction...the whole point of a 141 program is not scheduling around a particular instructor, which you are likely to do at a 61 outfit for any number of reasons.
Yes, I specifically asked if they could do 61 and they said yes. All schools that I've been looking at offer both 141 and 61. Because I still have to work I am only interested in 61.
40yrOldRookie is offline  
Old 05-01-2023, 12:26 PM
  #8  
All is fine at .79
 
TiredSoul's Avatar
 
Joined APC: Sep 2016
Position: Paahlot
Posts: 4,046
Default

Originally Posted by 40yrOldRookie View Post
One thing that is really important for me is that the financing can go though Sally Mae.
Really take a good look at this.
As far as I remember SM charges a very high interest rate, on par with credit cards.
And “personalized” instruction is a marketing term.
Did they explain to you what it entails with them?
TiredSoul is offline  
Old 05-01-2023, 06:32 PM
  #9  
Gets Weekends Off
 
QRH Bingo's Avatar
 
Joined APC: Jan 2021
Posts: 538
Default

Originally Posted by 40yrOldRookie View Post
. . . . One thing that is really important for me is that the financing can go through Sallie Mae,. . . I don't want to go through a mortgage or anything that would potentially put my assets at risk . . ..
Originally Posted by TiredSoul View Post
Really take a good look at this.
As far as I remember SM charges a very high interest rate, on par with credit cards.. . .
This doesn't even scratch the surface on the debates over financing flight training... Yes, take a good look. Go home, sit on the idea and then research it some more. Like a large college loan, it can ruin you. Taking out $100k, using a large portion of it, and then something unplanned happens like a car accident, fall, or freak medical condition can leave you holding a large amount of debt and potentially unable to continue training. Sure that can sound extreme, but it can, and does happen. I believe I already mentioned in one of my initial replies to you about not giving flight schools large amounts of money up front - this kinda goes along with that principle.
QRH Bingo is offline  
Old 05-03-2023, 06:58 PM
  #10  
Line Holder
 
Joined APC: Nov 2022
Position: Time building
Posts: 37
Default

Originally Posted by 40yrOldRookie View Post
I was there today, and two other small schools in the same airport. I liked it, a very nice guy gave us a tour of the facilities, and it feels like a solid operation. One thing that is really important for me is that the financing can go through Sallie Mae, whereas the other two can't because of their size. At the same time, in the others, they said that the teaching would be highly personalized, which is something that Wayman may not be able to offer at least not to the same degree. I'm in a bit of a quandary there. I don't want to go through a mortgage or anything that would potentially put my assets at risk but I would really like that personalized instruction.

Looks like we are in about the same boat as I am 43 and started training at a 61 in March. Sallie Mae is currently 6-16 percent and apparently the Airline programs stray higher. I was hesitant about taking money out of my house also but a local credit union gave me a HELOC with 4.99% intro rate for 18 months and 7.8% fixed after that. I went that way due to the lower rates and that a HELOC is kinda like a credit card in that you only pay interest on what you have spent out of the loan. Also I pay the flight school with Cashiers Checks from the loan so they give a 10% bonus to my account when done this way, i.e. I give them a 3k check and they credit my account with 3300 dollars.

You will be worried about losing your house if something goes sideways. Well some insurance companies have training bonds, they will cover the cost of training if something unforeseen happens (like loss of medical) and you can't continue, these are common in the UK but not US. I am currently emailing an underwriter about getting one here in the States. It looks like they will cover any costs for training beyond my PPL, and I am asking to cover about 50k extra if I loose my medical as a CFI as well for loss of income while I get back to my old career. They seem open to it I can give you an idea of rates in a week or two.
MLCCPilot is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
hawkerpilot05
Fractional
2
08-24-2020 12:16 PM
FLPilot50
Part 135
24
12-10-2019 06:03 PM
Fetzervalve
Part 135
43
02-04-2016 09:46 AM
zyttocs
Corporate
8
09-30-2011 12:44 PM
WhiteH2O
Flight Schools and Training
2
06-10-2006 03:41 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices