I have no crystal ball, 6 months was just target far enough in the future that todays ecconomic problems "might" be gone by then. Six months ago everyone was hiring and calling back those on furlough. Maybe it'll take 6, 12, 18, 24 months for the good times to come back. I'm just saying that it is better to be in the chute ready to ride into the ring then still learning how to ride the bull.

I agree that there are companies out there that make a big profit off of the 0 time to hero guys. I paid 21K to ERAU for my ratings but that was ten years ago. I don't know what a fair price today is. The AllAPT guys out there are not only trying to get their ratings, they are tryiing to get into the industry quickly. That speed costs money.

 

Time is money and money is time!!!

As I was doing my research, I found that Ari-ben's program mirrors ATP's. Now, if I can just get the local flight school here to mirror Ari-ben at a lower cost...I'm like Prego...I'm in there.

With the turndown in the industry, everyone that's in training will have to decide what is right for them to position themselves to be marketable...hireable when thing p/u again. Like you said, who knows how long that will be. I just wanna be in the right place, at the right time, with the right qualifications, with the right employer.



atp

 

Someone else mentioned on here about education.
I was once told that there were only two kinds of **good** debt.

Property and education.

Should no one go to law school because of $50k in debt (minimum) they will have and a small percentage of lawyers make the BIG BUCKS?
Flight training is investing in your education and in your future; just like getting the higher degrees.
Now how you pay for it and HOW MUCH you pay for it is the real key.
Different people have different opinions and they seem to all have merit.

Quick and expensive = seniority.
Slower paced and cheaper = less debt and gain more experience.

Good luck in researching and finding what best works for YOUR particular situation.

USMCFLYR

 

55k jeezzzus , do you get to take the airplane home when you finish?

 

lol.. it's 60k, and add 9k to that if you get your private through them. and add 75k if you get the loan through Sallie Mae. Check the atp website. it's obnoxious. But whatever, that's capitalism. As long as people are going to pay it, they will continue to offer it. And as long as people keep putting in their resumes into low class airlines, they will continue to be low class. Hey man, good luck. This argument has been played out 55 thousand times on this website alone. If you want and can do it, do it. just know that you will be in debt, that is all. But it's better to be in debt and do something you love, than be debt free and hate your job.

 

i saved a bunch of money switching to geico

 

...$35,000? Cool! I need to do that.

Not to be sarcastic, but it is a lot of money we are talking about. I got all my ratings, nearly finished with CFI at this point, for less than $30k. That is something like $45,000 less than AllATP's prices. This difference is a large amount of additional debt. It will take a decade to get out from under it. I just don't see committing to this to save a year off your flight training during which you could be attending classes and working to pay it down. I did both, classes during the day and fly in the afternoon and work on weekends. I now have a very reasonable level of debt which is diminishing rapidly. This scenario is not possible if you take out a huge loan to attend AllATP then get hired at Comair for $18k-$20k per year. The only way I would do this is if the interest rate was less than 5% fixed and I had no school loans at all. Even then it seems a waste but I suppose people have their priorities.

 

no seriously im about to get car insurance tomorrow what is a good company?

 

.............thread...............drift........... ......

 

As long as you don't like to eat, go anywhere and can sleep on your parents couch....then you're correct. However, last time I checked my mortgage company doesn't accept "but I love my job" as payment. Neither does my credit card company or my retirement fund. I'll say it again, paying back $800/month in loans when you only net $1200/month is TOUGH. Don't take my word for it. Try to live on $400/month. Unless you have a trust fund or a well payed spouse I think you will find it nearly impossible.

I would submit that its better to have a job you hate but make enough to live comfortably, enjoy your time off and send your kids to college than it is to love your job, not see your family and live under crushing debt. Work to live, don't live to work.