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Old 01-31-2019 | 07:03 AM
  #211  
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I interviewed a little while ago and got accepted but the acceptance package did not have a ton of information in it. I've read several articles about there being a possibility of sponsorship opportunities. Does anyone know anything about that? TIA
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Old 01-31-2019 | 07:45 AM
  #212  
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Originally Posted by WaveFinder
I interviewed a little while ago and got accepted but the acceptance package did not have a ton of information in it. I've read several articles about there being a possibility of sponsorship opportunities. Does anyone know anything about that? TIA
I don’t know anything about any sponsorship opportunities. I’d recommend you reach out to LIFT directly. There should be a contact name on the from label of the packet they sent you. If you don’t have it PM me and I can send you one.
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Old 01-31-2019 | 07:55 AM
  #213  
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Originally Posted by WaveFinder
I interviewed a little while ago and got accepted but the acceptance package did not have a ton of information in it. I've read several articles about there being a possibility of sponsorship opportunities. Does anyone know anything about that? TIA
I was accepted to LIFT however wasnt able to attend due to various reasons.. If i am remembering correctly the sponsorship is more of a loan assistance program. LIFT pays back 15K of your loan while you are in school and a CFI.
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Old 01-31-2019 | 08:40 AM
  #214  
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Originally Posted by JayD
I don’t know anything about any sponsorship opportunities. I’d recommend you reach out to LIFT directly. There should be a contact name on the from label of the packet they sent you. If you don’t have it PM me and I can send you one.
Thanks, I will check to see.
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Old 01-31-2019 | 08:41 AM
  #215  
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Originally Posted by GoJuice
I was accepted to LIFT however wasnt able to attend due to various reasons.. If i am remembering correctly the sponsorship is more of a loan assistance program. LIFT pays back 15K of your loan while you are in school and a CFI.
I think the loan assistance is separate, we spoke about that in the interview. I was expecting more about finances in the packet they sent but nothing was there other than the instructions to apply for the loan.
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Old 01-31-2019 | 09:01 AM
  #216  
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Originally Posted by GoJuice
I was accepted to LIFT however wasnt able to attend due to various reasons.. If i am remembering correctly the sponsorship is more of a loan assistance program. LIFT pays back 15K of your loan while you are in school and a CFI.
The 15K loan assistance is for 12-18 months as a CFI and up to 36 months as an FO. It’s not distributed until you’re a CFI. It’s essentially like a new hire bonus because you get it whether you pay cash out of pocket, use their loan provider, or use some other loan provider.
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Old 01-31-2019 | 10:51 AM
  #217  
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Originally Posted by JayD
The 15K loan assistance is for 12-18 months as a CFI and up to 36 months as an FO. It’s not distributed until you’re a CFI. It’s essentially like a new hire bonus because you get it whether you pay cash out of pocket, use their loan provider, or use some other loan provider.
I’m flying with a FA who got accepted, and that’s what he is saying. He said they told him a 670 credit score for their loan provider. They get closer to 30K for loan forgiveness though.
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Old 01-31-2019 | 12:04 PM
  #218  
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Originally Posted by Viking6
I’m flying with a FA who got accepted, and that’s what he is saying. He said they told him a 670 credit score for their loan provider. They get closer to 30K for loan forgiveness though.
The minimum requirement for credit score is 620.
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Old 01-31-2019 | 12:50 PM
  #219  
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Originally Posted by deftone
The minimum requirement for credit score is 620.
It says 660 but to add a co-signer if you were denied its 620-659. But the loan is pretty expensive with a variable rate. I am probably going going to try and go through another provider.
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Old 01-31-2019 | 01:15 PM
  #220  
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Originally Posted by WaveFinder
It says 660 but to add a co-signer if you were denied its 620-659. But the loan is pretty expensive with a variable rate. I am probably going going to try and go through another provider.
Cool, it must have changed. When they sent me the paperwork way back last year it just said 620, nothing else. I guess they updated it. I know the contract has been updated a few times too.
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