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Originally Posted by integra144  Can people give advice on how to finance flying? My parents are paying for my 4 year college degree in accounting, but they want me to start paying for flying myself, they will cosign the loan. In the summer I want to fly more and it is already costing around $1,500 for 2x 2:30 lessons a week. I taking a 141 course.
I know Sallie Mai offers loans, but has anyone used any other? I looked on the web, but some look shady like http://www.pilotfinance.com/.
Also should I take like $40,000 at once to cover Private, Instrument and Commercial?
What are your recommendations? My parents think I am getting myself into a dead end job.
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Also should I take like $40,000 at once to cover Private, Instrument and Commercial?
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Absolutely NOT! Ask yourself this question: would you borrow $40,000.00 and invest it in a poor stock with no growth and a negative rate of return?
By all means get your flying tickets if you so desire, but ONLY when you can pay cash for them.
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What are your recommendations? My parents think I am getting myself into a dead end job.
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First and foremost get your accounting degree. Once you have done that and have secured good employment, then begin your flight training.