ATP Can Finance everything
02-20-2020, 08:09 AM
#12
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Joined APC: Jun 2006
Posts: 3,945
Originally Posted by BigKitten229180
That’s not the case I have 2 jobs and am a full time student and pay for college myself as well as my car and insurance I don’t have $40k+ lying around to become a pilot at the mere age of 20 on the other hand...
Then don’t be a pilot. It’s a 6 figure job, it’s not supposed to be easy.
02-20-2020, 07:19 PM
#15
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Joined APC: Apr 2017
Posts: 3,595
Originally Posted by usmc-sgt
“No one will sponsor me.”
Tells me all I need to know. Sponsor yourself, get a job, two even.
Tells me all I need to know. Sponsor yourself, get a job, two even.
And I don't know too many college age kids who make that much money.
02-20-2020, 07:21 PM
#16
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Joined APC: Apr 2017
Posts: 3,595
Originally Posted by OscarRomeo
$105,000 is double what it should cost to go 0-CFI at a regular flight school.
But yeah, military if he can sounds like the best choice.
02-20-2020, 07:25 PM
#17
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Joined APC: Jun 2006
Posts: 3,945
Originally Posted by SonicFlyer
You do realize that it is nearly impossible to self fund unless you are already making well over $75k a year, right?
And I don't know too many college age kids who make that much money.
And I don't know too many college age kids who make that much money.
02-20-2020, 07:46 PM
#18
All is fine at .79
Joined APC: Sep 2016
Position: Paahlot
Posts: 4,083
financing options available to those who can't afford it.
Can’t afford it.
Apparently he can afford a car loan.
Its crazy to go $105k in debt for a pipe dream.
Sell the car, get yourself a $1500 junker and start looking at jobs that pay more and take less time. No not drug dealing.
Friend of mine financed his flight training selling cellphones and plans.
See how long it takes to save $15k for your Private if you really dedicate yourself.
You won’t be able to make $1300 payments for the first 5-6 years.
Garanteed CFI is a pyramid scheme.
You need 2-3 full time students as a CFI.
So 10 CFI’s need 30 students that all have a guaranteed job as CFI.
They’ll need 300 students that all have a guarantee that will need 3000 students....
See where this goes? Technically you’ll have a job but no income.
No doubt they have clauses in their contract that they don’t have to hire you if you don’t meet certain standards.
02-21-2020, 02:58 AM
#20
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Joined APC: Jul 2015
Position: MD-88 FO
Posts: 1,558
Originally Posted by BigKitten229180
Coming from someone who has no chance of finding someone to sponsor my flight training it seems like ATP or some sort of University with loans is the only option for me. ATP will finance the full $105,000 through Sallie Mae with an estimated monthly payment of $1300. Is this something that one could see to be manageable given the current market situation with a pilot career. My only other expenses are a $180 car note and $180 insurance payment. If I were to focus the beginning of my career into fully repaying the loan asap? I would get a 6month grace period after my 9 month training and a guaranteed flight instructor job at ATP and seems like (if there are no issues with my training/health) a guaranteed job at a regional once I reach my 1500 hours. ATP also supposedly offers a $11000 tuition reimbursement as well. Im 20 and get my AA in May as well and would like to start my training in May/June.
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