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-   -   LIFT: RPA commitment for training? (https://www.airlinepilotforums.com/republic-airways/114869-lift-rpa-commitment-training.html)

sflpilot 07-29-2018 09:29 PM


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.

Whatever the going rate is for CFI’s in IND. I wouldn’t expect anything more from them.

TheWeatherman 07-30-2018 04:10 AM


Originally Posted by Making it Count (Post 2645101)
I would be curious what they are planning for offering as a CFI wage.

Typically the Academies pay their CFIs much less then what you would make elsewhere. They don't need to do much recruitment since they can farm their own students. Also it is human nature to stay where you are comfortable instead of having to apply and interview elsewhere, even if you would make more pay. They know this and take full advantage.

CRJ1988 07-30-2018 05:04 PM

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...


deftone 07-30-2018 09:23 PM


Originally Posted by CRJ1988 (Post 2645676)
Just curious, what lending institution are they using?

US Credit Inc.

deftone 07-31-2018 02:46 PM

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.

Lostboys97 07-31-2018 04:10 PM


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.

True Republic fashion. A leopard doesn’t change its spots.....

ItnStln 08-01-2018 04:42 PM

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?

therealbrucelee 08-01-2018 05:07 PM


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 purchased a COMPASS kit from https://www.jobtestprep.com/ and its pretty good; 45 Euro's.

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

JayD 08-04-2018 04:01 AM


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 used some of the free ones and still managed to pass. As Bruce pointed out the most difficult part was the math and that was mainly because like him I haven’t practiced those skills in over a decade, and it is timed without a calculator. I live in Indy so I didn’t stay at a hotel but there are a few brand new ones within a half mile of the training faculty.

Bruce has a really good write up about it in a previous post and my experience pretty much mimicked his. Good luck!

sflpilot 08-04-2018 07:54 AM


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.

There is so much exposure to the pilot applicant with this deal it’s unbelievable. I mean they are signing people up for an adjustable rate loan in an environment where there really is no where to go but up. I almost fell out of my chair when I read that part of it. Explore your opportunities of which there are many to become an airline pilot.


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