ATP loans

[tonynsx]

I'm getting ready to do my loan for ATP's 90 day program. Which one did you choose, wachovia or saliemae? What are some of the pros and cons? Or did you choose other financial institutions (local bank etc)? How much do you have to pay each month?

[N826AW]

I went with Wachovia because the rate was lower and there was no origination fee.

A simple loan calculator on bankrate.com can give you an idea of the payment.

[ftyflyboy]

Teriloans.org worked great for me. I'm sitting at 6% right now

[tonynsx]

Originally Posted by ftyflyboy

Teriloans.org worked great for me. I'm sitting at 6% right now

Which one do I choose?

• Undergraduate Program
• Graduate Program
• Continuing Education Program
• Health Professions and Medical Residency Program
• Elementary and Secondary Programs

[JesseA626]

If you look at ATP's website under financing it tells you exactly how to fill out the application. I went with Wachovia. I had Sallie Mae before and I didn't have a good experience. Might be different for others though.

[SpiraMirabilis]

How much are you going to borrow?

[SteveC]

An alternative viewpoint to ponder: Airdale's story.

[tonynsx]

Originally Posted by SpiraMirabilis

How much are you going to borrow?

I guess I should borrow $50,000 since I already have my private pilot's license.

[tonynsx]

Originally Posted by SteveC

An alternative viewpoint to ponder: Airdale's story.

I know it dosen't matter if I go to a local FBO or ATP for the airlines. My major reason for going to ATP is because it tooke me 3 years just to get my private pilot's license. With ATP I can get my ratings faster. Plus, I'm not married and don't have any kids, so I don't have to worry about that. I don't have any debt now, but I kow I'll when I takeout the loan.

[SpiraMirabilis]

You can get your ratings pretty fast at other places too, like White Air and its cheaper. I'm not telling you NOT to go to ATP but I would research all the possible alternatives first.