Serious Question
05-23-2006, 11:42 AM
#21
New Hire
Joined APC: May 2006
Position: Beechcraft Baron; Left Seat
Posts: 3
you might check out Kansas State @ Salina, i'm in my 3rd year there finishing up my bachelor's degree. Its easy to get hired by the school as a cfi once you obtain it. they have nice planes (172 w/G-1000) and the price is much lower than others out there. www.sal.ksu.edu.
05-28-2006, 06:40 PM
#22
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Quick question!! I'm planing on taking a loan from nelnet to cover ERAU (probably around $140 000 USD). They said interest rates will most likely be 7%. Is that too much of a risk to be taking? Will it be hard to get over? Is it worth it in the long run?!?!?
Last edited by Golden Flyer; 05-28-2006 at 06:43 PM.
05-28-2006, 06:49 PM
#23
Gets Weekends Off
Joined APC: Jul 2005
Posts: 2,242
Originally Posted by Golden Flyer
Quick question!! I'm planing on taking a loan from nelnet to cover ERAU (probably around $140 000 USD). They said interest rates will most likely be 7%. Is that too much of a risk to be taking? Will it be hard to get over? Is it worth it in the long run?!?!?
140K $ 7% for flight training. Holy ****! Thats F#$^ing expensive. Save you money - shop around you can get it all for under 50k (www.allatps.com)...
-LAFF
05-28-2006, 07:22 PM
#24
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Joined APC: May 2006
Posts: 187
Originally Posted by Golden Flyer
Quick question!! I'm planing on taking a loan from nelnet to cover ERAU (probably around $140 000 USD). They said interest rates will most likely be 7%. Is that too much of a risk to be taking? Will it be hard to get over? Is it worth it in the long run?!?!?
Thats way wayy wayyyyy too much money to take out in a loan...I came from riddle, got lucky got a job right away at a regional and can just barely make rent and my 1000/mo loan payment...don't do it, you'll regret it!
05-28-2006, 07:36 PM
#25
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Originally Posted by rightseater
Thats way wayy wayyyyy too much money to take out in a loan...I came from riddle, got lucky got a job right away at a regional and can just barely make rent and my 1000/mo loan payment...don't do it, you'll regret it!
05-29-2006, 04:18 AM
#26
Gets Weekends Off
Joined APC: Jul 2005
Posts: 2,242
ALLATPS will be able to get you in touch with a broker (is that the correct word...) who will lend you the money...
Do you have a four year degree? If not, I would get that out of the way first - full time , no distractions , then get into flying...
-LAFF
Do you have a four year degree? If not, I would get that out of the way first - full time , no distractions , then get into flying...
-LAFF
05-29-2006, 05:17 AM
#27
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Originally Posted by LAfrequentflyer
ALLATPS will be able to get you in touch with a broker (is that the correct word...) who will lend you the money...
Do you have a four year degree? If not, I would get that out of the way first - full time , no distractions , then get into flying...
-LAFF
Do you have a four year degree? If not, I would get that out of the way first - full time , no distractions , then get into flying...
-LAFF
No, I do not have the four year degree as yet. This is the last yr in high-school, Im planing on spending an extra semester in September so I can get some Calculus / Geometry & Discrete Math... Then Its Uni./Flying I started my private but stop because I couldnt finance. Hell, fuel surcharge was expensive!!!! I was paying an average of $230 Canadian for 1.3 hrs + a flat rate fuel surcharge of $30 per hr.
Note: There is only a 10 cents difference between the Canadian & U.S Dollar. Outrageous!!! AND IT WAS IN A C-150
05-29-2006, 06:41 AM
#28
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Joined APC: May 2006
Posts: 187
Originally Posted by Golden Flyer
No, I do not have the four year degree as yet. This is the last yr in high-school, Im planing on spending an extra semester in September so I can get some Calculus / Geometry & Discrete Math... Then Its Uni./Flying I started my private but stop because I couldnt finance. Hell, fuel surcharge was expensive!!!! I was paying an average of $230 Canadian for 1.3 hrs + a flat rate fuel surcharge of $30 per hr.
Note: There is only a 10 cents difference between the Canadian & U.S Dollar. Outrageous!!! AND IT WAS IN A C-150
Note: There is only a 10 cents difference between the Canadian & U.S Dollar. Outrageous!!! AND IT WAS IN A C-150
Wow thats an insane amount. I was paying $55/hr for a c-150 in Daytona...not at riddle, but at a small FBO there. Add an instructor to that and it would be around 75-80. I'd say anything over $100 for a c-150 with instructor is too much. I'm sure thats an impossible price to find in canada. You mentioned toronto in a previous post...if thats where you live u might want to look into Buffalo NY. thats probably an hr and a half drive, but if you could fly for half the price it might be worth it....just a thought
05-29-2006, 12:01 PM
#29
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Originally Posted by rightseater
Wow thats an insane amount. I was paying $55/hr for a c-150 in Daytona...not at riddle, but at a small FBO there. Add an instructor to that and it would be around 75-80. I'd say anything over $100 for a c-150 with instructor is too much. I'm sure thats an impossible price to find in canada. You mentioned toronto in a previous post...if thats where you live u might want to look into Buffalo NY. thats probably an hr and a half drive, but if you could fly for half the price it might be worth it....just a thought
Ya, that's most definetly cheaper than here. That's why I made the U.S one of the options. The only downfault is the tuition costs. While you guys pay incredible sums for tuition ($120+ per credit hour), our government doesnt allow that. They make sure the poorest of all can get post secondary education. Our two most funded programs by the government are education and health. We complain here for tuition costs for over 1 K$ per yr.
05-29-2006, 03:55 PM
#30
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Joined APC: Jul 2005
Posts: 2,242
4 year degree then flight training
All the more reason you should get your degree in Canada - then do your flight training in the US.
Degree first then flight school in the states...Work when in school and especially the summers - put the money away so you can make a bigger downpayment on your loan.
Depending on what you make while in school I would look into putting money into a index fund. I recommend the Vanguard S&P 500.
-LAFF
Degree first then flight school in the states...Work when in school and especially the summers - put the money away so you can make a bigger downpayment on your loan.
Depending on what you make while in school I would look into putting money into a index fund. I recommend the Vanguard S&P 500.
-LAFF
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