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SmitteyB · February 8th, 2005, 14:51

You should always take our more than you need...For all you know you could get stuck on ground reference manuevers and it would take 2 weeks to get down pat...then you're 10 hours away from you checkride with no money...budget for this type of thing...

By the way...I just took out a loan from Key Bank for Ari Ben in Fort Pierce for $48,500 (training, living and a 4 yr degree), with a cosigner (good credit, just haven't had credit long enough)...

Well with a fairly reasonable interest rate of 5.78%...the loan will take my 15 years to pay off (180 months)

I will end up paying Key Bank...$79,399.80 when all is said and done.

Thats roughly $30,899.80 in just interest. I hope my medical doesn't fail me...

Good luck...

February 8th, 2005, 14:51	#9
SmitteyB Old Skool Join Date: Nov 2004 Location: LGA/ITH/TPA 22" Rollaboard Posts: 2,134	Re: How difficult is it to get financing? You should always take our more than you need...For all you know you could get stuck on ground reference manuevers and it would take 2 weeks to get down pat...then you're 10 hours away from you checkride with no money...budget for this type of thing... By the way...I just took out a loan from Key Bank for Ari Ben in Fort Pierce for $48,500 (training, living and a 4 yr degree), with a cosigner (good credit, just haven't had credit long enough)... Well with a fairly reasonable interest rate of 5.78%...the loan will take my 15 years to pay off (180 months) I will end up paying Key Bank...$79,399.80 when all is said and done. Thats roughly $30,899.80 in just interest. I hope my medical doesn't fail me... Good luck...