Loans for flight training
06-06-2018, 05:47 PM
#1
New Hire
Thread Starter
Joined APC: Jun 2018
Posts: 2
Loans for flight training
Are there any lenders out there to get loans for flight school that allow you to start making payments after you complete your training? I was approved through Sallie Mae for a 15 year term but would have to move to go to an ATP location. What I’m trying to do is attend a flight school close to home if possible! Anything out there similar??
06-06-2018, 06:43 PM
#2
On Reserve
Joined APC: Feb 2018
Posts: 14
I may be wrong but I don't think Sallie Mae's loan is exclusive to ATP. It's a "career training" loan, and should be good for multiple flight schools, but Sallie Mae probably has to recognize them. If there's a major flight school closer to home, check with Sallie Mae to see if you can use the funds for that program. The only other lender I have seen is Wells Fargo, but Sallie Mae is more liberal with getting things approved from what I've heard
06-18-2018, 03:04 AM
#3
Line Holder
Joined APC: Jan 2018
Posts: 32
15 year term... oh my....
I have also a future plan, to MAYBE go for ATPL, when I am experienced enough, but this expenses really scare me.
Like, you never know. What if one day it happens, that you can not have a medical for any reason.... but bam, the loan is still there for many years...
I understand that flyin is very expensive, but still.... I find it risky.
But I do not know how to save enough money in advanced, during training? maybe become a CFI?
I have also a future plan, to MAYBE go for ATPL, when I am experienced enough, but this expenses really scare me.
Like, you never know. What if one day it happens, that you can not have a medical for any reason.... but bam, the loan is still there for many years...
I understand that flyin is very expensive, but still.... I find it risky.
But I do not know how to save enough money in advanced, during training? maybe become a CFI?
Originally Posted by wtsFLYBOY
Are there any lenders out there to get loans for flight school that allow you to start making payments after you complete your training? I was approved through Sallie Mae for a 15 year term but would have to move to go to an ATP location. What I’m trying to do is attend a flight school close to home if possible! Anything out there similar??
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