Hi all, I will be graduating with a BA in liberal arts in May. I have 0 flight time, but can't start till I pay off my student loans. It might take around two after graduation. After graduating I could easily find an office job and stay there till I get my loans paid up. I have been working in an office during the last 2 summers including this one, and I would really hate to go back and be stuck there for a couple of more years. Instead I want to do something fun/adventurous. It's not like I have no clue of what i want to do, there are plenty of oppurtunities, but I would certainly like to hear what you guys have to say. Anybody with a similar experience?

 

Flyeing can be raelly advnterous. Is prety fun! Im just fnished collage to!!

 

The above was just a joke by the way. Not too funny I guess

 

If you did be spell calledge right, it wood bee. If I had an oppurtoonedy to get out of the office I would too, but I have to pay down my $45k student loan.

We self-funded types have to stick to our plan since no one is paying our way except us. I am slowly working on my CFI right now, no hurry since there aren't any flight students nearby when and if I get the darned thing. It's mostly just to have something to do while I pay down this loan.

 

I know its probably not something you want to hear, but since you mentioned your age and having loans, I'm going to throw this out there: start now with saving. DON'T wait until the loans are paid off or you will never save anything, because there will always be a new car, or a mortgage, or a credit card bill that will get in the way if you let it be an excuse to not save. I started right out of college with $50 a month to savings which was plenty painful at the time. Oh BTW, its been 10 years and I'm still paying on student loans (at 4% interest, who cares?). Anyhow, every time I got a pay raise I increased the savings by about half of the pay raise. I'm at the point now that I am fully funding my own and my wife's IRA, we have a dedicated savings account (non-IRA), and a non-qualified mutual fund account, accounts earmarked for the children's college, and by always funding these things out of a pay raise I never missed the money, ie, it never hurt to put extra money towards savings if it always coincided with a pay raise. By only putting 50% of the raise towards increasing the savings, I still got a little more coin in my pocket to enjoy. What's scary is my financial advisor told me a few months ago I'm only putting away about half of what I need to reach my retirement goals.

 

thanks a lot sigtauenus for your reply. I can be a bit more specific, at the end of the year I will owe approximately $5500 to a financial institution, which is not too bad, I know. But the scary part is borrowing 40 grand for flight school. I am not a big advocate of borrowing that much money, but I am hoping to do a job that I enjoy and at the same time working on my training. And Sqawk that's cool, I thought I misspelled something and you were making fun of it, I was a little confused, but I realized my post was a little bit immature, but I guess I am like that sometimes. And I think I am starting to like my office job after all!

 

If you can make the cut and are into it, the military sounds like the best way to go for you. If you join the guard, many states have tuition repayment programs. I don't know if the active duty does.

 

Does flight school qualify for student loans? I think I had $35,000 in student loans when I graduated. But, like I said, at 4% interest, I haven't been in a hurry to pay it off.