A Question For You "Loaners"

[junior]

To anyone who has taken a loan for the ACPP at ATP:

The program currently costs 35K, plus examiner fees of $2700. so thats 38K for the program.

My question is: Can you take a loan for more than the cost of the program to cover food, cell phone bill, other bills, etc..?

Also, say I take a loan for 45K, if I still have a few thousand left when I finish can I take that home with me to live on while looking for a job?

thanks for your help.

[Hollywood]

YES, you can take out more than the total cost. i believe ATP will let you take out around 45K. you can do whatever you wish with the rest.

[Tram]

Yeh, you can take up to $45K.. That's what I did.. Once you get the loan, it's your loan, you can basically do what you want to do with it..

I am using some of it to live on, I am putting back $2K to make payments for as long as I can, after the program is over, while I'm looking for a job or working for ATP..

[Icarus_ME]

I'm so so frustrated. I applied for Key Bank and my loan was denied, so there is no way I can attend ATP. Well maybe dreams aren't made for everyone. Good luck to all of you.

[Merlin]

Wow... sucks. But dont let that stop you! If you want to be a pilot, then there is no reason you can't... just stick with it. There are so many ways that you can get there without acquiring the mega-loan. It just takes some some perserverence and a little sacrifice--you can still reach the sky.

Good luck,
Jeremy

[skydiver]

Icarus,

I don't mean to pry into your personal business but may I ask what your situation is? I am concerned about the loan and what their requirements are. Everyone I have talked to say that requirements are quite relaxed but I'm just wondering how relaxed.

Also, I agree with Merlin. Don't let this stop your dream. If you want to fly, you'll get there with some time and effort. Don't give up!

Rob.

[kellwolf]

Do you have someone that can co-sign for you? That generally helps the loan process a lot.