loan for a part 61 school (helo-fixed)
#1
loan for a part 61 school (helo-fixed)
Does anyone know the best way to go about getting a loan for a part 61 school? I am a military helicopter guy with all helicopter ratings trying to get my fixed wing add ons. I want to be a free agent and apply for who I want and not get sucked into a wonderful 50k bonus deal with a company that has a bad reputation. I cant use GI bill cause of it not being a 141 school. I fly after work most days and on the weekends now. It's getting expensive and I dont want to deplete my savings. I'm almost 20 hours into it and now looking for a "loan". Does anyone know of anything I might be eligible for as a veteran? Again I cant use GI bill at this school. And no there are no 141 schools in the area I'm at. I still want to continue working because it is reliable income and none of this is guaranteed. I dont want to put all of my eggs in one basket.
Thanks
Thanks
#2
The no-collateral flight training loans went away after 2008. As far as I know, unless something changed recently, entry-level folks will need some collateral or a co-signer.
But since you're an established adult, you may be able to just get a signature loan with your usual bank or CU (USAA?).
But since you're an established adult, you may be able to just get a signature loan with your usual bank or CU (USAA?).
#3
The no-collateral flight training loans went away after 2008. As far as I know, unless something changed recently, entry-level folks will need some collateral or a co-signer.
But since you're an established adult, you may be able to just get a signature loan with your usual bank or CU (USAA?).
But since you're an established adult, you may be able to just get a signature loan with your usual bank or CU (USAA?).
#4
#8
Last night inwas on the web page. I didnt apply yet but it definitely looks like that do flight school loans. There is their own special tab for it. I was unable to see the interest rate though. I dont know if that is the best option but it is on the table.
#9
Student Pilot
Joined APC: Sep 2018
Position: C172
Posts: 14
If you check out lending tree, they have a few options. I found unsecured personal loans for $35k that I could use at a Part 61 school. Up to a 7 year loan, around 7-10% interest depending on credit. I'm considering that route.
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