Thread: Finance Flying?
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Old May 5th, 2008, 23:09   #7
Airdale
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Join Date: May 2005
Location: Dirty Jerzey
Posts: 2,033
Default Re: Finance Flying?

Thats great your parents are paying for school, but dude, look into a part 61 flight school at your local airport FBO. Take your time getting your hours and ratings. Pay for as much of it as you can up front. Work like a dog on the nights and weekends with a full time job if you can. Its not impossible.

I went into the military and got $50k in college funds. My parents couldn't afford college and flight training, so I chose to earn my college money and finance my flight training. Just recently my parents offered to pay my flight school loan off in place of what they would have spent on college. I'm enrolled in a degree program now with my free college tuition. I can't tell you what it feels like to be rid of that monster loan payment.

If my parents didn't pay off this school loan, I'd really be treading water. $540/month payments on Regional FO pay.

Don't rush, take your time and try to pay as you go. Look up local flight schools in your area. Enjoy the flying at a relaxing, affordable pace. Thats my advice.
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