Go Back  Airline Pilot Central Forums > Career Builder > Flight Schools and Training
Career change but financing is a problem >

Career change but financing is a problem

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

Career change but financing is a problem

Old 02-04-2020, 02:42 PM
  #11  
Gets Weekends Off
 
Joined APC: Mar 2008
Position: A-320
Posts: 1,122
Default

I'd suggest you get your private before deciding on a career change. Then, I'd suggest looking outside the box for financing options. See if a family member will give you a loan, home equity loan, 401k loan, etc. The interest rate for flight training is about 10%, not a good rate. If you find a flying club to do your training at you could get all of your ratings for under $40k. Find someone willing to split the cost and time build with you, and you could be under $30k. You'll have to look for the places with reasonable costs, they don't take out full page ads in Flying magazine. ATPs is expensive and has a long history of inadequate instruction. If you can teach yourself and learn quickly, you'd do fine there. If you need extra help you'll likely be sent on check rides unprepared. See the numerous threads on here about multiple check ride failures.
viper548 is offline  
Old 02-04-2020, 03:44 PM
  #12  
All is fine at .79
 
TiredSoul's Avatar
 
Joined APC: Sep 2016
Position: Paahlot
Posts: 4,045
Default

Originally Posted by ochastyle View Post
Even working 100+ hours a month I’m only taking home $3500 before taxes. Not sure where you’re getting $$$ from!
Go live with your dad.
On the road you can live off $35/day easy, that’s $700/month.
Pay your dad $300/month and save the rest.
Been there done that and so have 100’s here and 1000’s elsewhere.
You’re going to need to have to want to do this.
Like nothing else for the next 3-5 years.
TiredSoul is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Buckeye85
Career Questions
4
09-12-2018 09:13 AM
drJake
Career Questions
8
08-25-2016 12:53 PM
Futurepilot100
Career Questions
3
05-24-2013 09:26 AM
FatmanD
Flight Schools and Training
6
10-11-2006 01:41 PM
gtnbzy
Flight Schools and Training
18
08-03-2006 02:22 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