jetcareers - View Single Post

PGA07 · April 10th, 2007, 17:50

those rates seem fairly high, especially if you are running with a good credit back ground. I would look around (if you have to finance it).

If it is at all possible try the pay as you go routine or put the flying on hold for a year or two. Then when the money is in the bank, find the flight school you like (better luck for this at an FBO) and discuss a block discount for your training if you dump the cash on their table. More time than not you will find that most will give you a break. Usually 5% but I found one that offered a 10% to 12% discount for block time if I did all of my training with them.

Quite a large savings when you think about it. The lost time will more than make up for it in the future when you can jump on a time building job that someone else had to turn down because it did not pay enough for them to live, let alone pay back financing.

Yes the aviation industry is on the rise for pilot hiring, yes we all want to start or advance our career as soon as possible. However, in NO way is financing your life away worth this or any other career for that matter. You will enjoy your training and your career when you are not worrying about those loans. Ask around here, you will find that many will agree!

What ever you decide, good luck and have fun!

April 10th, 2007, 17:50	#4
PGA07 Senior Member Join Date: Jul 2006 Location: Western Chi-Town Burb's Posts: 629	Re: Financing Flight Training those rates seem fairly high, especially if you are running with a good credit back ground. I would look around (if you have to finance it). If it is at all possible try the pay as you go routine or put the flying on hold for a year or two. Then when the money is in the bank, find the flight school you like (better luck for this at an FBO) and discuss a block discount for your training if you dump the cash on their table. More time than not you will find that most will give you a break. Usually 5% but I found one that offered a 10% to 12% discount for block time if I did all of my training with them. Quite a large savings when you think about it. The lost time will more than make up for it in the future when you can jump on a time building job that someone else had to turn down because it did not pay enough for them to live, let alone pay back financing. Yes the aviation industry is on the rise for pilot hiring, yes we all want to start or advance our career as soon as possible. However, in NO way is financing your life away worth this or any other career for that matter. You will enjoy your training and your career when you are not worrying about those loans. Ask around here, you will find that many will agree! What ever you decide, good luck and have fun!