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Originally Posted by Flying Ninja I don't have a CFI rating. And no, CAPT does not offer you a CFI. I don't recall reading any information on a partial refund if you don't get hired. If you can find documentation to that effect, I'd love to see it.
As it stands, unless someon hires me out of my parent's basement with the hours that I have, there's no way I can afford to be living elsewhere trying to get hours. I think the saying is "so close yet so far" in my case.
Regarding the loan, I also have a loan based on LIBOR and the percentage is 7.5% which basically means I got about $1000 a month in payments. Good times... |
I reviewed the CAPT program on the ER website...looks like they just discontinued the program. The article says about 75 graduates have passed through the program and several are in training for flying jobs. It's an interesting article. Especially when they say they are going to direct their energies into other programs / satellite offices.
http://www.erau.edu/capt/phaseout.html
1000.00 / month confirms my calculation of 50k loan at prime +1% and all the fees. I calculated $550.00 / month for 15 years through Sallie May.
If at some point you decide to get the extra hours, I would check out
http://www.flyaviator.com/?source=jetcareers
They have some of the best prices I've seen, and it's ME on top of that.
Maybe it was a similar program at another school or they were offering the refund at one time and discontinued it. I know the program had an acronym like CAPT, ACE, or CRM and there was a refund option. I was hoping the school was ERU.