Re: Financing Training
[ QUOTE ]
Hey ready2fly, was your FBO part 141?
[/ QUOTE ]
Ryan, nope. It's Part 61.
[ QUOTE ]
Also are the Sallie Mae loans deferred? The only places I could find to let me get a loan for my FBO would only defer the prinicpal and not the interest.. which I can afford right now myself.
[/ QUOTE ]
I think (read "not sure") that the Sallie Mae loans are the same way. I think you can defer the principal only. I remember being offered "interest only" payments.
I think (again - "not sure") that you can only defer if you are (a) in school full time, (b) in the military, or (c) declare a hardship.
But, I wouldn't bank on that. We started paying on both the principal and the interest right away.
Best of luck!!
R2F
|