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Originally Posted by Making it Count
(Post 2645101)
This is why many people can not become pilots (and shouldn’t). Jobs in the industry don't pay enough to allow this kind of payment. I would be curious what they are planning for offering as a CFI wage. I bet its comical compared to the amount of debt that will be taken on to get there.
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Originally Posted by Making it Count
(Post 2645101)
I would be curious what they are planning for offering as a CFI wage.
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Just curious, what lending institution are they using?
Originally Posted by deftone
(Post 2645064)
Taken directly from the Financing Application page...
LOAN RATES AND FEES There is a 2.00% loan origination fee for each funding disbursement which will be added to the loan amount. The interest rate is a variable loan rate of 7.57% over the 3-month LIBOR adjusted quarterly. Current LIBOR is 2.33%, so I guess this makes the financing 9.9% at todays rates. Spread over the 10 year maximum term that would make you pay back $103k on your $65k loan @ $850 per month. Doesnt seem such a good deal now... |
Originally Posted by CRJ1988
(Post 2645676)
Just curious, what lending institution are they using?
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I got the packet in the mail this morning, after reading it all through I will 100% not be going forward. It doesnt seem to hit any of the promises made when they made their big announcement of opening LIFT. I could go to ATP and get the tuition reimbursement from any of the participating regionals and come out cheaper than the LIFT program with the benefit of ATP having done this style of learning for years, compared to the potential growing pains of a new school.
One thing of note is that the agreement DOES have a 5 year, $20,000 commitment. This is to cover the $20,000 "sponsorship" from Republic. |
Originally Posted by deftone
(Post 2646211)
I got the packet in the mail this morning, after reading it all through I will 100% not be going forward. It doesnt seem to hit any of the promises made when they made their big announcement of opening LIFT. I could go to ATP and get the tuition reimbursement from any of the participating regionals and come out cheaper than the LIFT program with the benefit of ATP having done this style of learning for years, compared to the potential growing pains of a new school.
One thing of note is that the agreement DOES have a 5 year, $20,000 commitment. This is to cover the $20,000 "sponsorship" from Republic. |
I got invited to Indianapolis. Can anyone recommend a good study guide for the COMPASS Test? Also are there recommendations for hotels in the area that are cheap?
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Originally Posted by ItnStln
(Post 2646956)
I got invited to Indianapolis. Can anyone recommend a good study guide for the COMPASS Test? Also are there recommendations for hotels in the area that are cheap?
I stayed at the Hilton Gardens - its a Holiday Inn with a Fancy Name...best part is that it is 0.4 miles from Republic's building. I posted an earlier review of my visit....It may help you out. The only thing that was a challenge was the math. Not because it was overly difficlut, but because I havent practiced those skills in a decade. If you have any other questions, hit me up. Also, I believe DefTone has been as well and can help out with his experience, too. Best of luck, my friend. //Bruce |
Originally Posted by ItnStln
(Post 2646956)
I got invited to Indianapolis. Can anyone recommend a good study guide for the COMPASS Test? Also are there recommendations for hotels in the area that are cheap?
Bruce has a really good write up about it in a previous post and my experience pretty much mimicked his. Good luck! |
Originally Posted by deftone
(Post 2646211)
I got the packet in the mail this morning, after reading it all through I will 100% not be going forward. It doesnt seem to hit any of the promises made when they made their big announcement of opening LIFT. I could go to ATP and get the tuition reimbursement from any of the participating regionals and come out cheaper than the LIFT program with the benefit of ATP having done this style of learning for years, compared to the potential growing pains of a new school.
One thing of note is that the agreement DOES have a 5 year, $20,000 commitment. This is to cover the $20,000 "sponsorship" from Republic. |
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