How do you guys pay back the money?

tonynsx · February 25th, 2008, 20:14

I'm interested in going to the ATP RIC location. I'm already private pilot, and right now I'm just building the 25 hours of cross country flight time. Just wondering how are you guys paying back the money?

Customx · February 25th, 2008, 20:34

Some people may have part time jobs, or they have accumulated some savings before starting ATP. Though I won't be going to ATP, I'm trying to save up enough money to either pay for my training in cash, or buy my own plane. I've had to delay my plans for 2 years, but I'm sure the wait will be worth it since I should be debt free after training.

matt152 · February 26th, 2008, 17:48

Quote:

Originally Posted by tonynsx

Just wondering how are you guys paying back the money?

With cash, over 20 years.

alloyicon · February 27th, 2008, 18:16

Going $60k into debt is nothing to take lightly. One needs to have a flight plan of payback so to speak. I think DEDICATION to a aviation career is key here. You have to give it hell no matter what. When I was training for my PSEL ticket, I had my good days and then I also had my not so good days. In aviation as in life, you learn you have to have to push through all your adversity and keep working towards your goal no matter what. For me taking out a $60k loan is just one of those challenges that I must overcome. I know I will have to live frugally for a few years asking myself, "is this a want or a need" before making ANY purchase. But in a few+ years down the road when I am debt free, I know it will have all been worth it. Especially after a day in the "flying office" when I am driving away from the airport in my BMW M5 rocking out to "your favorite song here"

February 25th, 2008, 20:14	#1
tonynsx Newbie Join Date: Feb 2008 Location: KMTN Posts: 19	How do you guys pay back the money? I'm interested in going to the ATP RIC location. I'm already private pilot, and right now I'm just building the 25 hours of cross country flight time. Just wondering how are you guys paying back the money?

February 25th, 2008, 20:34	#2
Customx Junior Member Join Date: Mar 2006 Location: Seoul Posts: 107	Re: How do you guys pay back the money? Some people may have part time jobs, or they have accumulated some savings before starting ATP. Though I won't be going to ATP, I'm trying to save up enough money to either pay for my training in cash, or buy my own plane. I've had to delay my plans for 2 years, but I'm sure the wait will be worth it since I should be debt free after training.

February 27th, 2008, 18:16	#4
alloyicon Junior Member Join Date: Feb 2008 Location: San Diego Posts: 46	Re: How do you guys pay back the money? Going $60k into debt is nothing to take lightly. One needs to have a flight plan of payback so to speak. I think DEDICATION to a aviation career is key here. You have to give it hell no matter what. When I was training for my PSEL ticket, I had my good days and then I also had my not so good days. In aviation as in life, you learn you have to have to push through all your adversity and keep working towards your goal no matter what. For me taking out a $60k loan is just one of those challenges that I must overcome. I know I will have to live frugally for a few years asking myself, "is this a want or a need" before making ANY purchase. But in a few+ years down the road when I am debt free, I know it will have all been worth it. Especially after a day in the "flying office" when I am driving away from the airport in my BMW M5 rocking out to "your favorite song here"

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