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Question about flight schools.
I notice that it is common to pay up front on tuition fees yes?
Why not PAY as you go or pay half and then the rest after you finish ? Do any school's do this ?If not why not ? Fred |
Don't Fall for This!
DO NOT EVER PAY FLIGHT TRAINING TUITION UP FRONT!
Flight schools which are not in great financial shape (99% of them) will use your money to pay for the training of students who enrolled before you did. When times get tough (right now) schools spend the money deposited by new studdents to fund the training of students who are further along. When new enrollments dry up, the ponzi scheme falls apart, the school goes BK, and the new students lose all their money (but they still have to pay off the loan). Never keep more than one thousand dollars or so on account at any flight school. If the school requires large sums on deposit, walk away. |
Originally Posted by rickair7777
(Post 590900)
DO NOT EVER PAY FLIGHT TRAINING TUITION UP FRONT!
Flight schools which are not in great financial shape (99% of them) will use your money to pay for the training of students who enrolled before you did. When times get tough (right now) schools spend the money deposited by new studdents to fund the training of students who are further along. When new enrollments dry up, the ponzi scheme falls apart, the school goes BK, and the new students lose all their money (but they still have to pay off the loan). Never keep more than one thousand dollars or so on account at any flight school. If the school requires large sums on deposit, walk away. Fred |
I think that the only probable exemption to that would be a university flight program. Paying up front via tuition is a safe bet and you gotta pay to enroll.
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Originally Posted by 250 or point 65
(Post 590916)
I think that the only probable exemption to that would be a university flight program. Paying up front via tuition is a safe bet and you gotta pay to enroll.
Fred |
Originally Posted by 250 or point 65
(Post 590916)
I think that the only probable exemption to that would be a university flight program. Paying up front via tuition is a safe bet and you gotta pay to enroll.
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NEVER EVER PAY FOR FLIGHT TRAINING UP FRONT!
These students found that out the hard way: JET UNIVERSITY SUCKS BEWARE OF JET UNIVERSITY JETUNIVERSITYSUCKS.COM - HOME |
Agreed, never pay for flight training up front.
The only place where paying up front would be acceptable is at an accredited university, where you're paying tuition and working toward a degree. |
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