Go Back  Airline Pilot Central Forums > Pilot Lounge > Money Talk
Flight Training Loans >

Flight Training Loans

Search

Notices
Money Talk Your hard-earned money

Flight Training Loans

Thread Tools
 
Search this Thread
 
Old 01-28-2008 | 06:04 PM
  #1  
Thread Starter
On Reserve
 
Joined: Jan 2008
Posts: 11
Likes: 0
Default Flight Training Loans

I'm currently in my third year of college right now and trying to get my CFI by the time I graduate, so I have something to do after school. I'm a Poli Sci, History, and Physics major because my school doesn't have an aviation program (and I thought I wanted to go into law.) I'm only my schools soccer team (through scholarship) so my availability for work is minimal.

Any how, I was wondering if anyone knew if there was a loan out there with deferred payments for individuals who are in school? I have done some research and come up with a couple of possibilities (like Sallie Mae) but no big hits.

Does anyone have any ideas?
Reply
Old 01-28-2008 | 06:13 PM
  #2  
User Name's Avatar
Line Holder
 
Joined: Jul 2007
Posts: 46
Likes: 0
Default

Key Bank is a big one, but I think they'll only approve you if they're already affiliated with your school.

It's not gonna make you Yeager or Hoover by any means, but since you're strapped for cash, have you looked into one of those short-term CFI/I "in a week" or whatever programs? Chances are they will be able to offer in-house financing or at least turn you on to and vouch for you to the lending institutions they normally use.
Reply
Old 01-28-2008 | 06:19 PM
  #3  
Thread Starter
On Reserve
 
Joined: Jan 2008
Posts: 11
Likes: 0
Default

We'll I am currently working on my PPL. I'm just trying to make sure that I graduate with it in a year and a half, so that I have a good way to make some money and build time after school.
Reply
Old 01-30-2008 | 08:28 PM
  #4  
Dark Knight's Avatar
Gets Weekends Off
 
Joined: Apr 2007
Posts: 317
Likes: 0
From: Radio Flyer (The lil red wagon)
Default

after you get your PPL, take the ground instructor writtens, use that as a bargaining chip to get cheap flight time..... well maybe... just an idea.
Reply
Old 01-31-2008 | 05:43 AM
  #5  
Line Holder
 
Joined: Jan 2008
Posts: 31
Likes: 0
From: Student
Default

Dark Knight,
Please explain your suggestion about taking the ground instructor writtens and cheap flight time.

Thanks,
Rob in Tampa
Reply
Old 01-31-2008 | 05:59 AM
  #6  
Dark Knight's Avatar
Gets Weekends Off
 
Joined: Apr 2007
Posts: 317
Likes: 0
From: Radio Flyer (The lil red wagon)
Default

well the idea is a long shot, but it can't hurt (minus a couple'a hundred for writtens)

After you obtain PPL, take the FOI and the AGI writtens, and viola.... you are now an advanced ground instructor capable of giving ground instruction for any FAA rating and ground instruction for any flight review. So the idea is that maybe (long shot) you can teach ground instruction at a flight school in exchange for discounted flight time, kind of like how gas pumpers do at FBOs.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
joel payne
Hangar Talk
9
03-18-2008 07:21 PM
N618FT
Regional
34
11-19-2007 07:28 AM
Juicegoose
Flight Schools and Training
17
07-03-2007 10:18 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices